River Financial Corporation Reports 24.2% Increase in Tangible Book Value Per Share
River Financial Corporation has experienced a 24.2% increase in tangible book value per share from $29.75 at June 30, 2025 to $36.94 at June 30, 2026.
Other highlights as of June 30, 2026 include the following:
Income/Profitability:
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Year-to-date net income increased $7.5 million, or 36.3%, from $20.5 million at June 30, 2025 to $28.0 million at June 30, 2026.
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Quarter-to-date net income increased $1.8 million, or 14.6%, from $12.1 million at June 30, 2025 to $13.9 million at June 30, 2026.
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Year-to-date basic earnings per share increased 35.1% from $2.65 at June 30, 2025 to $3.58 at June 30, 2026.
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Quarter-to-date basic earnings per share increased 13.5% from $1.56 at June 30, 2025 to $1.77 at June 30, 2026.
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Year-to-date return on average equity of 18.2% compared to 16.8% for the same period last year.
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Annualized quarter-to-date return on average equity of 17.97% compared to 19.45% for the same period last year.
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Annualized quarter-to-date return on average assets of 1.47% compared to 1.38% for the same period last year.
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Year-to-date net interest margin (taxable equivalent) of 3.71% compared to 3.35% for the same period last year.
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Quarter-to-date net interest margin (taxable equivalent) of 3.70% compared to 3.41% for the same period last year.
Balance Sheet:
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Total assets increased $330.3 million or 9.0% from $3.69 billion at June 30, 2025 to $4.02 billion at June 30, 2026.
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Total loans increased $278.0 million or 10.8% from $2.56 billion at June 30, 2025 to $2.84 billion at June 30, 2026.
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Total deposits increased $282.6 million or 8.8% from $3.22 billion at June 30, 2025 to $3.51 billion at June 30, 2026.
Credit Quality:
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Nonperforming loans as a percentage of total loans increased from 0.21% at June 30, 2025 to 0.49% at June 30, 2026.
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Net charge-off percentage decreased from 0.15% at June 30, 2025 to .02% at June 30, 2026