American Riviera Bank's net income grew in 2017

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American Riviera Bank’s net income grew in 2017

By Staff Report / Thursday, February 1st, 2018 / Comments Off on American Riviera Bank’s net income grew in 2017

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…

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