Quarterly ResultJul 16, 2026, 01:31 PM
River Financial Tangible Book Value Per Share +24.2% to $36.94
AI Summary
River Financial Corporation announced strong financial results for the quarter and year ended June 30, 2026. The company reported a significant 24.2% increase in tangible book value per share to $36.94. Net income for the year-to-date period climbed 36.3% to $28.0 million, with basic earnings per share rising 35.1% to $3.58. The balance sheet also showed growth, with total assets increasing 9.0% to $4.02 billion and total loans up 10.8% to $2.84 billion.
Key Highlights
- Tangible book value per share increased 24.2% to $36.94 at June 30, 2026, from $29.75 a year prior.
- Year-to-date net income rose 36.3% to $28.0 million, up from $20.5 million.
- Quarter-to-date net income increased 14.6% to $13.9 million, from $12.1 million.
- Year-to-date basic earnings per share grew 35.1% to $3.58, compared to $2.65.
- Total assets increased 9.0% to $4.02 billion, up $330.3 million from June 30, 2025.
- Total loans grew 10.8% to $2.84 billion, an increase of $278.0 million.
- Nonperforming loans as a percentage of total loans increased from 0.21% to 0.49%.
- Net charge-off percentage decreased from 0.15% to 0.02%.
Price Impact
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