River Financial Corporation reported a net income of $13.8 million for the second quarter of 2026, reflecting a 14.57% increase from $12.1 million in the same period last year. The company's net interest income rose to $34.4 million, a 16.48% increase compared to $29.5 million in the second quarter of 2025, driven by loan growth and higher yields on new and repricing loans. For the first half of 2026, net income reached $28.0 million, up 36.26% from $20.5 million in the prior year, with net interest income increasing by 18.26% to $67.7 million.
Total assets for River Financial increased by $230.4 million, or 6.08%, from December 31, 2025, to $4.02 billion as of June 30, 2026. The growth was primarily attributed to a $128.5 million increase in net loans, which reached $2.80 billion, and a $54.8 million rise in securities available-for-sale. Total deposits also saw a significant increase of $177.9 million, or 5.35%, totaling $3.51 billion, which supported the company's loan growth.
In terms of operational metrics, the bank's loan portfolio showed a diverse composition, with residential real estate loans accounting for 36.8% of total loans, while commercial real estate loans made up 30.8%. The allowance for credit losses increased to $39.8 million, representing 1.40% of total loans, reflecting the bank's proactive approach to managing credit risk amid portfolio growth. The bank's nonperforming assets totaled $15.6 million, or 0.39% of total assets, indicating a slight increase from the previous period.
Looking ahead, River Financial anticipates continued growth in its loan portfolio and overall financial performance, supported by its strategic focus on customer relationships and market expansion. The bank's management remains vigilant regarding market conditions and credit quality, aiming to maintain a strong capital position and effective risk management practices. The company’s stockholders’ equity increased to $310.1 million, with a book value per share of $40.55, reflecting a solid foundation for future growth.
About River Financial Corp
River Financial Corporation is a bank holding company based in Alabama, operating River Bank & Trust. It provides retail banking, commercial lending, real estate loans, and deposit services across multiple Alabama regions. The company emphasizes community-focused, personalized service, conservative lending, and deposit-driven funding. Its core business involves accepting deposits, originating loans, and offering financial services to individuals and small businesses in its regional markets.
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