American Riviera Bank’s net income grew in 2017
IN THIS ARTICLE
- Banking & Finance Topic
- Staff Report Author
By Staff Report Thursday, February 1st, 2018
Santa Barbara-based American Riviera Bank announced an increased year-over-year unaudited net income of $4.6 million or $1.06 per diluted share, for 2017 on Jan. 31. The bank’s net income for 2016 was $4.1 million. It also recorded a one-time tax expense of $1.1 million, which is reflected in American Riviera’s operating results for the fourth…