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River City Bank Reports 2024 First Quarter Net Income of $18.7 Million and a Quarterly Cash Dividend
SACRAMENTO, CA – River City Bank (the Bank) reported net income of $18.7 million, or $12.63 per diluted share, for the quarter ended March 31, 2024, which compares to $12.9 million, or $8.64 per diluted share, for the same period in 2023. The Bank’s earnings for the quarter ended March 31, 2024 represented a healthy 17.5% return on equity capital….
Read MoreSACRAMENTO, CA – River City Bank (the Bank) reported its 8th consecutive year of record net income with $60.3 million or $40.49 per diluted share for the year ended December 31, 2023; this was $12.5 million more than the $47.8 million or $32.22 per diluted share for the year ended December 31, 2022. The Bank also reported net income of….
Read MoreSACRAMENTO, CA – River City Bank’s President and CEO Steve Fleming recently announced the restructure of the bank’s risk management department, which will be implemented Nov. 1, 2023. The reorganization will create a completely independent internal audit department, implementing best practices to ensure the highest levels of risk mitigation and compliance. River City Bank believes that a proactive approach to….
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