American River Bankshares (AMRB), Thursday, reported a more than three times increase in profit for the first quarter on lower loan loss provisions.
The Rancho Cordova, California-based company reported a first-quarter net profit of $712 thousands or $0.07 per share, compared to $206 thousands or $0.02 per share last year. On average, four analysts polled by Thomson Reuters expected the company to earn $0.09 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter dropped 4.23 to $5.0 million from $5.23 million in the prior-year quarter. Meanwhile provision for loan losses decreased 57.82 percent to $580 thousands from $1.38 million last year.
For the quarter, total non-interest income soared 60.05 percent to $693 thousands from $433 thousands in the prior-year quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.