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River City Bank Reports Net Income of $16.2 Million for the Third Quarter of 2024, Net Income of $52.1 Million Year to Date, and a Quarterly Cash Dividend
River City Bank Reports Net Income for Third Quarter of 2024 SACRAMENTO, Calif. – River City Bank (the Bank) reported net income of $16.2 million, or $11.08 per diluted share, for the quarter ended September 30, 2024, compared to $16.3 million, or $10.94 per diluted share, for the same period in 2023. Net income was…
River City Bank Reports Strong Net Income of $17.2 Million for Q2 2024, Record Net Income of $35.9 Million Year to Date, Crossing the $5 Billion Asset Threshold, and Quarterly Cash Dividend
SACRAMENTO, Calif. – River City Bank (the Bank) reported net income of $17.2 million, or $11.66 per diluted share, for the quarter ended June 30, 2024, which compares favorably to the $14.4 million, or $9.65 per diluted share, for the same period in 2023. Net income was $35.9 million or $24.29 per diluted share for the…
River City Bank Announces Changes to the Board of Directors (Johnson)
SACRAMENTO, CA –River City Bank announces changes to the Board of Directors that were effective April 24, 2024. Paul Duncan, a board member since 2021, retired from the Board as he is relocating out of California. Duncan, a retired bank executive, joined the Board in 2021 and brought extensive government, commercial, and investment banking strategy and experience…
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…
River City Bank Reports 8th Consecutive Year With Record Net Income in 2023 and a Quarterly Cash Dividend
SACRAMENTO, 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…
River City Bank Announces Restructure of Risk Management Department
SACRAMENTO, 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…