American River Bankshares Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
For the year, the company reported net interest income of $20,007,000 against $18,797,000 a year ago. Income before provision for income taxes was $7,942,000 against $6,653,000 a year ago. Net income was $5,268,000 or $0.70 basic and diluted per share against $4,361,000 or $0.54 basic and diluted per share a year ago. Return on average assets was 0.85% against 0.72% a year ago. Return on average equity was 6.03% against 4.98% a year ago. Return on average tangible equity was 7.42% against 6.12% a year ago. Book value per share as on December 31, 2015 was $11.72 compared to $11.08 per share as at December 31, 2014.