River Financial Q3 Net Income Jumps 41% to $15.1M; NPLs Tick Up to 0.51%
RVRF has more than doubled off its 52-week low of $17.
Summary
River Financial reported Q3 net income of $15.1 million, up 41% year over year, with double-digit loan and deposit growth and stronger capital ratios. Nonperforming loans rose to 0.51% of total loans from 0.29%, the main credit-quality watch item.
Key Events · Earnings and Guidance · RVRF
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Q3 Net Income Up 41%
Quarter-to-date net income rose to $15.1 million from $10.7 million a year earlier; year-to-date net income reached $43.0 million, up 37.9% from $31.2 million.
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EPS and Book Value Growth
Q3 basic EPS of $1.93 versus $1.38 a year ago; tangible book value per share rose 12.6% to $37.03 from $32.90.
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Loan and Deposit Growth
Total loans grew 10.9% to $2.93 billion and deposits 7.9% to $3.61 billion, lifting total assets 6.5% to $4.09 billion.
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Credit Quality Divergence
Nonperforming loans rose to 0.51% of total loans from 0.29%, while net charge-offs fell to 0.04% from 0.11%.
Analysis · RVRF · Finance
River Financial's Q3 profit rose 41% year over year to $15.1 million, lifting year-to-date net income 37.9% to $43.0 million and pushing return on average equity to 18.94% annualized. The balance sheet expanded in step — loans up 10.9% to $2.93 billion and deposits up 7.9% to $3.61 billion — while capital ratios strengthened (CET1 11.883% vs 10.892%). The one blemish is credit quality: nonperforming loans climbed to 0.51% of total loans from 0.29% a year ago, though net charge-offs actually fell to 0.04% from 0.11%. That divergence between rising non-accruals and falling charge-offs is the item to track next quarter, especially with four class action lawsuits over the June ransomware attack still unresolved and no liability recorded.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 31.7% of the 1731 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, RVRF was trading at $47.00 on OTC in the Finance sector, with a market capitalization of approximately $367.2M. The 52-week trading range was $17.00 to $52.25. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.