Capital raise boosts American Riviera’s second quarter earnings

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Capital raise boosts American Riviera’s second quarter earnings

By Staff Report / Friday, July 19th, 2019 / Comments Off on Capital raise boosts American Riviera’s second quarter earnings

Santa Barbara-based American Riviera Bank reported unaudited net income of $1.51 million, or 30 cents per share, for the second quarter ended June 30. That’s up from $1.48 million, or 33 cents per share, in the same quarter last year. The bank said the increase was primarily due to an $8.5 million common stock capital…

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