American Riviera Bank Q4 profit doubles on higher loan growth, margins
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American Riviera Bank reported a 125% year-over-year increase in Q4 net income, reaching $4.50 million, driven by over $90 million in net loan growth and a 7.8% rise in total deposits to $1.20 billion. The net interest margin improved to 3.81% due to better loan yields and lower costs. Additionally, the bank benefited from a $535,000 tax credit gain. No specific guidance for future quarters was provided.
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