Welcome to our dedicated page for River City news (Ticker: RCBC), a resource for investors and traders seeking the latest updates and insights on River City stock.
River City Bank reports recurring bank earnings, dividend actions, balance-sheet trends, and governance updates under the RCBC symbol. Company news centers on net income, return measures, book value per share, shareholders' equity, regulatory capital ratios, loan and deposit activity, liquidity, borrowing capacity, and the performance of its investment securities portfolio.
Updates also cover board composition and other corporate actions at the Sacramento-based bank. The recurring disclosures describe how the bank's lending, funding, investment portfolio, efficiency, and capital position affect reported results across quarterly and annual periods.
River City Bank (Nasdaq: RCBC) priced its initial public offering of 2,700,000 existing common shares at $45.00 per share. Trading on the Nasdaq Capital Market is expected to begin August 6, 2026, with closing anticipated on August 7, 2026, subject to customary conditions.
The IPO is a 100% secondary offering, consisting solely of shares sold by two longtime shareholders associated with founder Jon Kelly’s family, with no new shares issued by the bank.
River City Bank (RCBC) reported second quarter 2026 net income of $19.6 million, or $1.37 per share, up from $15.4 million, or $1.05 per share, a year earlier. First-half 2026 net income was $37.6 million, or $2.60 per share, versus $27.7 million, or $1.89 per share, in 2025.
Q2 2026 return on average assets was 1.28% and return on average equity 13.92%. The efficiency ratio improved to 29.44%, while book value per share rose 14% year over year to $40.58. Loans grew 7.5% and deposits 18.9% year over year, with zero non-performing loans and an allowance for credit losses of 2.30% of total loans. The Bank also repurchased $13 million of common stock in the quarter and reported high liquidity, including $1.4 billion of cash and investments and $2.2 billion of available borrowing capacity as of June 30, 2026. The announcement also includes a quarterly cash dividend.
River City Bank (RCBC) reported net income $17.9M or $1.24 EPS for Q1 2026, versus $12.3M ($0.84) in Q1 2025. Assets surpassed $6.0B. Book value per share rose to $39.37 (14% YoY). The board approved a $0.05 quarterly cash dividend payable May 19, 2026.
Deposits grew 15.4% YoY; efficiency ratio improved to 32.1%; allowance for credit losses was 2.29% of loans.
River City Bank (RCBC) reported 2025 net income of $68.4 million ($4.69 diluted EPS) and Q4 2025 net income of $21.0 million ($1.45 diluted EPS). Total assets ended at $5.8 billion and book value per share rose to $38.43.
The bank completed a 10-for-1 forward stock split in December 2025 and the board increased the quarterly cash dividend to $0.05 per share, payable February 24, 2026 to holders of record February 10, 2026.
River City Bank (RCBC) reported Q3 2025 net income $19.7M ($13.56 diluted share) vs $16.2M ($11.09) in Q3 2024, and YTD net income $47.4M ($32.44) for nine months ended Sept 30, 2025. Book value per share rose to $370 from $324 a year earlier.
Key metrics: ROE 12.5%, ROA 1.2%, efficiency ratio 33%, Tier 1 leverage 9.5%. Average loans and deposits grew significantly year-over-year; allowance for credit losses was 2.27% of gross loans with zero non-performing loans as of Sept 30, 2025.
The board declared a $0.40 cash dividend (record Nov 4, payable Nov 18, 2025) and approved a 10-for-1 stock split (record Dec 1, distribution Dec 15, 2025), increasing outstanding shares from ~1.4M to ~14.2M.
River City Bank (RCBC) reported Q2 2025 net income of $15.4 million ($10.52 per diluted share), down from $17.2 million in Q2 2024. The bank achieved a significant milestone by surpassing $500 million in shareholders' equity for the first time in its history.
Key performance metrics include an 11.1% return on equity and 1.04% return on assets for H1 2025. The bank's loan portfolio saw substantial growth with average loans increasing by $478 million year-over-year, while average deposits grew by $259 million. Credit quality remains strong with nearly zero non-performing loans and an Allowance for Credit Losses of 2.33%.
The board approved a quarterly cash dividend of $0.40 per share, payable on August 12, 2025. The bank maintains strong liquidity with $964 million in cash and investments, plus $1.7 billion in available borrowing capacity.
River City Bank (RCBC) has appointed David Lichtman, former First Republic Bank executive, to its Board of Directors. Lichtman brings 37 years of banking experience, having served as Senior Executive Vice President and Chief Credit Officer at First Republic Bank, where he managed a loan portfolio exceeding $170 billion.
The appointment aims to leverage Lichtman's extensive expertise in commercial lending, particularly in the San Francisco Bay Area. Lichtman holds an MBA from UC Berkeley Haas School of Business and currently serves as a lecturer in real estate finance at UC Berkeley, alongside his role on the Board of Directors at the Fort Mason Center for Arts & Culture.
River City Bank announced changes to its Board of Directors, with Elaine Lintecum retiring effective April 22, 2025, and Stephanie Zarate joining immediately. Lintecum, former CFO of McClatchy Media, served on the board since 2016 and will continue as a board consultant for the next year.
Zarate, currently Chief Accounting Officer and Treasurer at McClatchy Media, brings over 10 years of experience, having served in various roles including Assistant Treasurer, Investor Relations Director, and Corporate Controller. A CPA with a BS in Accounting from CSU Sacramento and an MBA from UC Davis, Zarate previously worked as an Audit Manager at Deloitte and Touche. She was recently recognized with the Rising Star Award from the UC Davis Graduate School of Management Alumni Association.
River City Bank reported Q1 2025 net income of $12.3 million ($8.39 per diluted share), down from $18.7 million ($12.63 per diluted share) in Q1 2024. The bank achieved a 10.0% return on equity and 0.93% return on assets.
Key highlights include:
- Average loan outstandings increased by $580 million year-over-year, with loan yields decreasing to 5.38%
- Average deposits grew by $221 million compared to Q1 2024
- Cost of funds decreased by 0.19% to 2.91%
- Book value per share rose to $345 from $299 year-over-year
The bank maintained strong credit quality with zero non-performing loans and an Allowance for Credit Losses of 2.36%. The board approved a quarterly cash dividend of $0.40 per common share, payable on May 20, 2025.
River City Bank (RCBC) achieved its 9th consecutive year of record net income, reporting $73.4 million ($49.90 per diluted share) for 2024, up from $60.3 million in 2023. The bank's Q4 2024 net income reached $21.3 million ($14.52 per diluted share), compared to $16.8 million in Q4 2023.
Key performance metrics include a 16.3% return on equity and 1.42% return on assets. Book value per share increased to $336 from $287. The bank's growth was driven by higher loan balances ($515M increase), deposit growth ($734M increase), and improved investment yields (4.76% from 3.45%). Total assets reached $5.1 billion, with an efficiency ratio of 27%.
The board approved an increased quarterly cash dividend of $0.40 per share (up from $0.37), payable on February 26, 2025, to shareholders of record as of February 12, 2025.