RVRF · River Financial Corporation

River Financial Corporation delivered robust first quarter 2026 performance, with net income surging 67.3% year-over-year to $14.2 million. This substantial earnings growth was driven by multiple profitability improvements, including a 42 basis point expansion in net interest margin to 3.73% and a 430 basis point increase in return on average equity to 18.6%. The company's balance sheet expanded significantly, with total assets growing 7.8% to $3.92 billion, supported by strong 8.0% loan growth and 9.3% deposit growth. Credit quality metrics showed modest deterioration, with nonperforming loans increasing from 0.33% to 0.50% of total loans and net charge-offs rising from 0.00% to 0.02%, though both remain at relatively low levels. Capital strength improved across all measures, with the common equity tier 1 ratio increasing 67 basis points to 11.15% and total risk-based capital ratio rising to 13.82%. The 24.4% increase in tangible book value per share to $35.29 represents significant value creation for shareholders. The company continues to expand its footprint, operating twenty-four full-service banking offices in Alabama with one loan production office in Destin, Florida approved to convert to a full-service office upon completion of renovations.