White River Bancshares Q2 Profit Jumps on Margin Expansion, Deposit Growth
WRIV has more than doubled off its 52-week low of $26.5.
Summary
White River Bancshares posted a strong Q2 with net income of $4.2 million, or $1.70 per diluted share, driven by a net interest margin of 3.59% as lower deposit costs and stable asset yields boosted profitability. Total deposits surged 14.5% year-over-year, and noninterest income rose on higher wealth management and secondary market fees. Credit quality held up despite a slight uptick in nonperforming loans. The stock is trading at its 52-week high of $55.99, reflecting market optimism. No forward guidance was provided, leaving the trajectory dependent on sustained margin and deposit trends.
At the time of this announcement, WRIV was trading at $55.99 on OTC in the Finance sector, with a market capitalization of approximately $137.1M. The 52-week trading range was $26.50 to $55.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.