White River Bancshares Co. Reports Record Net Income of $5.1 million, or $1.04 Per Diluted Share, for the Third Quarter of 2026
Higher net interest income and no quarterly credit-loss provision accompanied record earnings, while funding expenses increased.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
White River Bancshares (WRIV) reported record third-quarter 2026 net income of $5.1 million, rising from both comparison quarters. Diluted earnings were $1.04 per share, versus $0.85 in the second quarter and $0.72 a year earlier. Nine-month net income reached $12.7 million, versus $9.5 million in 2025.
Quarterly net interest income rose 11.9% year over year to $14.3 million. Net interest margin was 3.59%, unchanged sequentially but down seven basis points annually. No credit-loss provision was recorded, and net loan recoveries totaled $474,000. At September 30, net loans reached $1.375 billion and deposits totaled $1.432 billion, up 10.9% and 11.4% annually. Tangible book value rose to $24.10 per share. Bank capital ratios exceeded regulatory well-capitalized requirements. Results are unaudited; per-share figures reflect the two-for-one split effective September 4, 2026.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter net income reached $5.1 million, or $1.04 diluted, versus $4.2 million/$0.85 sequentially and $3.5 million/$0.72 annually.
- Moderate pointThird-quarter net interest income rose 3.5% sequentially and 11.9% annually to $14.3 million.
- Moderate pointThird-quarter credit-loss provision was zero, versus $575,000 sequentially and $375,000 a year earlier.
- Moderate pointThird-quarter noninterest income increased 13.5% annually to $2.5 million, nearly unchanged sequentially.
- Moderate pointNet loans reached $1.375 billion at September 30, up 10.9% annually and 2.8% sequentially.
- Moderate pointDeposits reached $1.432 billion at September 30, up 11.4% annually and 0.1% sequentially.
- Moderate pointTotal assets reached $1.647 billion at September 30, up 10.6% annually and 0.9% sequentially.
15 minor points
- Minor pointNine-month net income rose to $12.7 million, or $2.58 diluted, from $9.5 million, or $1.93.
- Minor pointNine-month net interest income increased 16.5% to $41.2 million from $35.3 million.
- Minor pointNine-month credit-loss provision declined to $1,080,000 from $1,845,000 in 2025.
- Minor pointThird-quarter return on average assets reached 1.22%, versus 1.03% sequentially and 0.95% annually.
- Minor pointThird-quarter return on average equity reached 16.40%, versus 13.82% sequentially and 13.07% annually.
- Minor pointNine-month noninterest income rose 16.2% to $7.2 million, largely reflecting higher wealth management fees.
- Minor pointDemand and non-interest-bearing deposits increased 5.9% year over year at September 30.
- Minor pointSavings and interest-bearing transaction accounts increased 19.4% year over year at September 30.
- Minor pointTime deposits increased 7.0% year over year at September 30.
- Minor pointInvestment securities increased to $173.3 million at September 30 from $151.2 million a year earlier.
- Minor pointStockholders’ equity reached $118.9 million, versus $118.0 million sequentially and $108.1 million a year earlier.
- Minor pointTangible book value reached $24.10 per share, versus $23.91 sequentially and $21.87 a year earlier.
- Minor pointThird-quarter net loan recoveries were $474,000, versus charge-offs of $45,000 sequentially and $143,000 annually.
- Minor pointBank capital exceeded well-capitalized requirements: estimated total risk-based ratio 13.01%, Tier 1 11.76%, leverage 9.64%.
- Minor pointNine-month net interest margin increased two basis points to 3.56% versus the first nine months of 2025.
Negative
- Moderate pointThird-quarter interest expense increased to $10.8 million, from $10.2 million sequentially and $9.9 million annually.
- Moderate pointNine-month noninterest expense increased to $30.8 million from $27.4 million in 2025.
- Minor pointThird-quarter net interest margin was 3.59%, unchanged sequentially but seven basis points below a year earlier.
- Minor pointThird-quarter noninterest expense was $10.1 million, below $10.2 million sequentially but above $10.0 million annually.
- Minor pointFHLB advances were $24.4 million, above $11.4 million sequentially but below $34.4 million a year earlier.
2 minor points
- Minor pointNonperforming loans totaled approximately $480,000, below $532,000 sequentially but above $365,000 a year earlier.
- Minor pointCash and cash equivalents declined to $26.2 million at September 30 from $26.7 million a year earlier.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAYETTEVILLE, Ark., Oct. 20, 2026 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX: WRIV) (the “Company”), the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income of
“Our results continue to reflect the strength of our people and the communities we serve,” said Gary Head, Chief Executive Officer. “Our employees bring dedication and care to their work every day, and our clients and communities continue to place their trust in us. We are grateful to serve markets with such strong character and resilience, and we don’t take those relationships for granted. As we close out the year, we look forward to building on this success together with the people and places that make our bank what it is.”
“This quarter marked record earnings for the Company, the culmination of years of strategic planning and disciplined execution across the organization,” said Scott Sandlin, Chief Strategy Officer. “The results reflect the deliberate steps we have taken to strengthen our balance sheet, deepen client relationships and drive operational efficiencies throughout the business. It was a highly productive quarter, and we are proud of what our team has accomplished. Having reached this level of earnings reinforces our confidence in the strategies we’ve put in place, and we expect to continue building on this momentum in the quarter ahead.”
Third Quarter 2026 Financial Highlights:
- Net income for the third quarter of 2026 increased to
$5.1 million , or$1.04 per diluted share, compared to$4.2 million , or$0.85 per diluted share, in the second quarter of 2026, and$3.5 million , or$0.72 per diluted share, in the third quarter of 2025. - Net interest income increased
3.5% to$14.3 million in the third quarter of 2026, compared to$13.8 million in the second quarter of 2026, and increased11.9% compared to$12.8 million in the third quarter of 2025. - Net interest margin (“NIM”) remained consistent in the third quarter compared to the second quarter of 2026 at
3.59% and decreased seven basis points from3.66% in the third quarter of 2025. - The Company did not record any provision for credit losses in the third quarter of 2026, compared to a
$575,000 provision for credit losses in the second quarter of 2026, and a$375,000 provision for credit losses in the third quarter of 2025. - Net loans increased
10.9% to$1.375 billion at September 30, 2026, compared to$1.240 billion at September 30, 2025, and increased2.8% compared to$1.338 billion at June 30, 2026. - Nonperforming loans represented
0.03% of total loans at September 30, 2026, compared to0.04% at June 30, 2026, and0.03% of total loans in the third quarter of 2025. - Total deposits increased by
0.1% to$1.432 billion at September 30, 2026 compared to$1.430 billion at June 30, 2026, and increased$146.5 million , or11.4% , year-over-year, compared to$1.285 billion at September 30, 2025. - Core deposits (demand and non-interest-bearing, savings and interest-bearing transaction accounts, CDs under
$250,000 and CDARs reciprocal deposits) represented71.5% of total deposits at September 30, 2026. - Tangible book value per share increased
10.2% to$24.10 at September 30, 2026, compared to$21.87 a year ago.
Income Statement
The Company generated a return on average assets of
“Net interest margin was stable compared with the prior quarter, as higher asset yields were offset by an increase in funding costs. Compared to a year ago, margin was down seven basis points, with lower funding costs only partially offsetting the decline in asset yields. We continue to manage deposit pricing with discipline as we navigate margin performance in the current rate environment,” said Brant Ward, President.
NIM remained consistent in the third quarter compared to the second quarter of 2026 at
Net interest income increased
Noninterest income was
Noninterest expense was
Balance Sheet
Total assets increased
Cash and cash equivalents totaled
Total deposits increased
FHLB advances decreased to
Credit Quality
The Company did not record any provision for credit losses in the third quarter of 2026. This is compared to a
Nonperforming loans totaled approximately
“Credit quality held up well this quarter, a result of our consistent underwriting standards and the resilience of the communities we serve. A significant net recovery, along with stable credit trends, meant no provision for credit losses was needed this quarter, even as loans continued to grow at a steady pace. We remain focused on managing the balance sheet with discipline,” said Jeff Maland, Chief Risk Officer. The allowance for credit losses was
Net loan recoveries were
Capital
The Bank’s capital ratios continued to exceed regulatory “well-capitalized” requirements, with a Total risk-based capital ratio estimate of
About White River Bancshares Company
White River Bancshares Company is the single bank holding company for Signature Bank of Arkansas, headquartered in Fayetteville, Arkansas. The Bank has locations in Fayetteville, Springdale, Bentonville, Rogers, Brinkley, Harrison and Jonesboro, Arkansas. Founded in 2005, Signature Bank of Arkansas provides a full line of financial services to small businesses, families and farms. White River Bancshares Company (OTCQX: WRIV) trades on the OTCQX® Best Market.
About the Region
White River Bancshares Company is headquartered in thriving Northwest Arkansas in the Fayetteville-Springdale-Rogers MSA. The region is home to the corporate headquarters for Walmart Inc. (“Walmart”), Sam’s Club, Tyson Foods, Simmons Foods, and J.B. Hunt Transport. Hundreds of other market-leading companies including Procter & Gamble, Johnson & Johnson, Coca-Cola and Rubbermaid maintain offices in the region in order to maintain their relationships with the locally based Fortune 500 companies. Northwest Arkansas is also home to the state’s flagship public educational institution, The University of Arkansas, and its Sam M. Walton College of Business. The region has seen significant growth in its medical and arts infrastructures with the continued expansion of Washington Regional Medical System, Freeman Health System, Mercy Health System of Northwest Arkansas and Arkansas Children’s Hospital Northwest. Crystal Bridges Museum of American Art and the Walton Arts Center have led the expansion of the arts. Northwest Arkansas has been repeatedly recognized in recent years as one of the best places to live in the country and remains one of the nation’s fastest-growing regions. Walmart is making a major investment in its hometown facilities, building a new, 350-acre headquarters campus, including walking and biking trails, a hotel, fitness facilities and a large childcare center.
The Company has expanded eastward, with new markets in Jonesboro and Harrison. Jonesboro, located in Craighead County, is a city located on Crowley's Ridge in the northeastern corner of Arkansas. It is the home of Arkansas State University and the cultural and economic center of Northeast Arkansas. Jonesboro also houses the region’s hospital network. U.S. Steel Corp. announced that it would locate a new
The Company currently operates out of ten locations; three in Washington County; three in Benton County; two in Monroe County; one in Boone County; and one in Craighead County.
According to the Northwest Arkansas Board of Realtors, the average home in Washington County sold for
Source:
http://www.nwarealtors.org/market-statistics/
Forward Looking Statements
This press release contains statements about future events. These forward-looking statements, which are based on certain assumptions of management of the Company and the Bank and describe our future plans, strategies and expectations, can generally be identified by use of forward-looking terminology such as “may,” “will,” “believe,” “plan,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions or the negative of those terms. Our ability to predict results of future events and the actual effect of future plans or strategies are inherently uncertain, and actual results may differ materially from those predicted in such forward-looking statements. Factors that could have a material adverse effect on our operations and future prospects or that could affect the outcome of such forward-looking statements include, but are not limited to, changes in interest rates; the economic health of the local real estate market; general economic conditions; credit deterioration in our loan portfolio that would cause us to increase our allowance for credit losses; legislative or regulatory changes; technological developments; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality or composition of our loan and securities portfolios; demand for loan products in our market areas; deposit flows and costs of capital; liquidity and the availability of wholesale funding; changes in the fair value of our investment securities; cybersecurity incidents; competition; retention and recruitment of qualified personnel; demand for financial services in our market areas; and changes in accounting principles, policies, and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements. Except as required by law, the Company does not undertake and specifically declines any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
| WHITE RIVER BANCSHARES COMPANY | ||||||||||||
| CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||
| (Unaudited) | ||||||||||||
| For the Three Months Ended | ||||||||||||
| September 30, | June 30, | September 30, | ||||||||||
| 2026 | 2026 | 2025 | ||||||||||
| INTEREST INCOME | ||||||||||||
| Loans, including fees | $ | 22,828,148 | $ | 21,784,168 | $ | 21,184,478 | ||||||
| Investment securities | 1,871,377 | 1,791,496 | 1,381,205 | |||||||||
| Federal funds sold and other | 414,642 | 458,631 | 119,881 | |||||||||
| Total interest income | 25,114,167 | 24,034,295 | 22,685,564 | |||||||||
| INTEREST EXPENSE | ||||||||||||
| Deposits | 9,976,238 | 9,397,532 | 9,091,239 | |||||||||
| Federal Home Loan Bank advances | 134,653 | 127,630 | 282,419 | |||||||||
| Notes payable | 669,378 | 659,612 | 479,094 | |||||||||
| Federal funds purchased and other | 636 | - | 22,998 | |||||||||
| Total interest expense | 10,780,905 | 10,184,774 | 9,875,750 | |||||||||
| NET INTEREST INCOME | 14,333,262 | 13,849,521 | 12,809,814 | |||||||||
| Provision for credit losses | - | 575,000 | 375,000 | |||||||||
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 14,333,262 | 13,274,521 | 12,434,814 | |||||||||
| NON-INTEREST INCOME | ||||||||||||
| Service charges and fees on deposits | 204,149 | 192,630 | 177,602 | |||||||||
| Wealth management fee income | 1,308,626 | 1,146,636 | 1,081,538 | |||||||||
| Secondary market fee income | 248,148 | 408,611 | 241,847 | |||||||||
| Bank owned-life insurance income | 84,552 | 82,831 | 83,967 | |||||||||
| Gain on sales and write-downs of foreclosed assets | - | - | - | |||||||||
| Other | 643,685 | 625,954 | 609,055 | |||||||||
| TOTAL NON-INTEREST INCOME | 2,489,160 | 2,456,662 | 2,194,009 | |||||||||
| NON-INTEREST EXPENSE | ||||||||||||
| Salaries and benefits | 6,185,140 | 6,219,768 | 5,923,998 | |||||||||
| Occupancy and equipment | 1,315,425 | 1,233,812 | 1,277,189 | |||||||||
| Data processing | 864,058 | 943,002 | 931,121 | |||||||||
| Marketing and business development | 474,844 | 634,229 | 492,582 | |||||||||
| Professional services | 812,398 | 763,047 | 861,874 | |||||||||
| Amortization of other intangible assets | 53,036 | 53,037 | 53,036 | |||||||||
| Other | 435,667 | 381,162 | 469,692 | |||||||||
| TOTAL NON-INTEREST EXPENSE | 10,140,568 | 10,228,057 | 10,009,492 | |||||||||
| Income before income taxes | 6,681,854 | 5,503,126 | 4,619,331 | |||||||||
| Income tax provision | 1,582,639 | 1,331,963 | 1,081,452 | |||||||||
| NET INCOME | $ | 5,099,215 | $ | 4,171,163 | $ | 3,537,879 | ||||||
| EARNINGS PER SHARE | ||||||||||||
| Basic (1) | $ | 1.05 | $ | 0.86 | $ | 0.72 | ||||||
| Diluted (1) | $ | 1.04 | $ | 0.85 | $ | 0.72 | ||||||
| (1) | Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2026. | |||||||||||
| WHITE RIVER BANCSHARES COMPANY | ||||||||
| CONSOLIDATED STATEMENTS OF INCOME | ||||||||
| (Unaudited) | ||||||||
| Nine Months Ended | ||||||||
| September 30, | ||||||||
| 2026 | 2025 | |||||||
| INTEREST INCOME | ||||||||
| Loans, including fees | $ | 65,594,484 | $ | 59,111,182 | ||||
| Investment securities | 5,254,809 | 4,071,549 | ||||||
| Federal funds sold and other | 1,358,892 | 528,776 | ||||||
| Total Interest Income | 72,208,185 | 63,711,507 | ||||||
| INTEREST EXPENSE | ||||||||
| Deposits | 28,659,548 | 25,941,893 | ||||||
| Federal Home Loan Bank advances | 452,760 | 972,336 | ||||||
| Notes payable | 1,941,111 | 1,432,254 | ||||||
| Federal funds purchased and other | 642 | 43,133 | ||||||
| Total interest expense | 31,054,061 | 28,389,616 | ||||||
| NET INTEREST INCOME | 41,154,124 | 35,321,891 | ||||||
| Provision for credit losses | 1,080,000 | 1,845,000 | ||||||
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 40,074,124 | 33,476,891 | ||||||
| NON-INTEREST INCOME | ||||||||
| Service charges and fees on deposits | 573,209 | 510,973 | ||||||
| Wealth management fee income | 3,658,028 | 3,093,467 | ||||||
| Secondary market fee income | 942,214 | 594,627 | ||||||
| Bank owned life insurance income | 248,645 | 246,760 | ||||||
| Gain on sales and write-downs of foreclosed assets | - | 15,475 | ||||||
| Other | 1,816,431 | 1,769,863 | ||||||
| TOTAL NON-INTEREST INCOME | 7,238,527 | 6,231,165 | ||||||
| NON-INTEREST EXPENSE | ||||||||
| Salaries and benefits | 18,605,836 | 16,041,406 | ||||||
| Occupancy and equipment | 3,830,243 | 3,612,176 | ||||||
| Data processing | 2,696,110 | 2,646,434 | ||||||
| Marketing and business development | 1,633,380 | 1,499,268 | ||||||
| Professional services | 2,440,331 | 2,212,550 | ||||||
| Amortization of intangible asset | 159,109 | 159,109 | ||||||
| Other | 1,386,428 | 1,189,414 | ||||||
| TOTAL NON-INTEREST EXPENSE | 30,751,437 | 27,360,357 | ||||||
| Income before income taxes | 16,561,214 | 12,347,699 | ||||||
| Income tax provision | 3,906,099 | 2,882,312 | ||||||
| NET INCOME | $ | 12,655,115 | $ | 9,465,387 | ||||
| EARNINGS PER SHARE | ||||||||
| Basic (1) | $ | 2.60 | $ | 1.94 | ||||
| Diluted (1) | $ | 2.58 | $ | 1.93 | ||||
| (1) | Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2026. | |||||||
| WHITE RIVER BANCSHARES COMPANY | ||||||||||||
| CONSOLIDATED BALANCE SHEETS | ||||||||||||
| (Unaudited) | ||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | ||||||||||
| ASSETS | ||||||||||||
| Cash and cash equivalents | $ | 26,191,092 | $ | 50,663,272 | $ | 26,693,919 | ||||||
| Investment securities | 173,285,932 | 170,990,805 | 151,214,197 | |||||||||
| Loans held for sale | 1,334,859 | 2,932,183 | 2,353,071 | |||||||||
| Loans | 1,391,430,419 | 1,353,385,224 | 1,254,892,691 | |||||||||
| Allowance for credit losses | (16,327,571 | ) | (15,853,123 | ) | (14,516,828 | ) | ||||||
| Net loans | 1,375,102,848 | 1,337,532,101 | 1,240,375,863 | |||||||||
| Premises and equipment, net | 35,329,287 | 35,765,424 | 37,028,441 | |||||||||
| Foreclosed assets held for sale | - | - | - | |||||||||
| Accrued interest receivable | 6,105,185 | 6,696,623 | 5,694,363 | |||||||||
| Bank owned life insurance | 10,357,299 | 10,272,747 | 10,026,067 | |||||||||
| Deferred income taxes | 6,489,656 | 4,847,229 | 3,938,119 | |||||||||
| Other investments | 8,192,213 | 8,185,012 | 7,403,123 | |||||||||
| Intangible assets, net | 1,431,985 | 1,485,021 | 1,644,131 | |||||||||
| Other assets | 2,780,570 | 2,708,503 | 2,844,258 | |||||||||
| TOTAL ASSETS | $ | 1,646,600,926 | $ | 1,632,078,920 | $ | 1,489,215,552 | ||||||
| 10.52 | % | |||||||||||
| LIABILITIES & STOCKHOLDERS' EQUITY | ||||||||||||
| Deposits: | ||||||||||||
| Demand and non-interest-bearing | $ | 248,145,995 | $ | 250,136,679 | $ | 234,374,901 | ||||||
| Savings and interest-bearing transaction accounts | 574,128,978 | 506,022,826 | 481,036,318 | |||||||||
| Time deposits | 609,550,113 | 673,804,709 | 569,904,230 | |||||||||
| Total deposits | 1,431,825,086 | 1,429,964,214 | 1,285,315,449 | |||||||||
| Federal Home Loan Bank advances | 24,365,408 | 11,398,449 | 34,442,377 | |||||||||
| Notes payable | 39,076,146 | 39,365,670 | 25,911,204 | |||||||||
| Operating lease liability | 20,731,495 | 20,969,897 | 21,664,387 | |||||||||
| Reserve for losses on unfunded commitments | 1,328,000 | 1,328,000 | 1,478,000 | |||||||||
| Accrued interest payable | 2,648,252 | 3,450,889 | 2,487,967 | |||||||||
| Other liabilities | 7,739,445 | 7,627,200 | 9,857,347 | |||||||||
| TOTAL LIABILITIES | 1,527,713,832 | 1,514,104,319 | 1,381,156,731 | |||||||||
| Stockholders' equity: | ||||||||||||
| Common stock (1) | 49,566 | 49,566 | 49,452 | |||||||||
| Surplus (1) | 103,249,177 | 103,104,869 | 102,770,469 | |||||||||
| Retained earnings | 26,118,363 | 21,025,696 | 10,325,833 | |||||||||
| Treasury stock, at cost | (1,393,294 | ) | (1,393,294 | ) | (1,284,359 | ) | ||||||
| Accumulated other comprehensive loss | (9,136,718 | ) | (4,812,236 | ) | (3,802,574 | ) | ||||||
| TOTAL STOCKHOLDERS' EQUITY | 118,887,094 | 117,974,601 | 108,058,821 | |||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 1,646,600,926 | $ | 1,632,078,920 | $ | 1,489,215,552 | ||||||
| (1) | Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2026. | |||||||||||
| WHITE RIVER BANCSHARES COMPANY | ||||||||||||
| SUPPLEMENTAL INFORMATION | ||||||||||||
| (Unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
| September 30, | June 30, | September 30, | ||||||||||
| 2026 | 2026 | 2025 | ||||||||||
| FOR THE PERIOD | ||||||||||||
| Net income | $ | 5,099,215 | $ | 4,171,163 | $ | 3,537,879 | ||||||
| Net income before taxes | 6,681,854 | 5,503,126 | 4,619,331 | |||||||||
| Dividends declared per share (1) | - | 0.25 | - | |||||||||
| PERIOD END BALANCE | ||||||||||||
| Total assets | $ | 1,646,600,926 | $ | 1,632,078,920 | $ | 1,489,215,552 | ||||||
| Total investments | 173,285,932 | 170,990,805 | 151,214,197 | |||||||||
| Total loans, net | 1,375,102,848 | 1,337,532,101 | 1,240,375,863 | |||||||||
| Allowance for credit losses | (16,327,571 | ) | (15,853,123 | ) | (14,516,828 | ) | ||||||
| Total deposits | 1,431,825,086 | 1,429,964,214 | 1,285,315,449 | |||||||||
| Stockholders' equity | 118,887,094 | 117,974,601 | 108,058,821 | |||||||||
| RATIO ANALYSIS | ||||||||||||
| Return on average assets (annualized) | 1.22 | % | 1.03 | % | 0.95 | % | ||||||
| Return on average equity (annualized) | 16.40 | % | 13.82 | % | 13.07 | % | ||||||
| Efficiency | 60.28 | % | 62.73 | % | 66.71 | % | ||||||
| Net loans/Deposits | 96.04 | % | 93.54 | % | 96.50 | % | ||||||
| Total Stockholders' Equity/Total assets | 7.22 | % | 7.23 | % | 7.26 | % | ||||||
| Net loan losses/Total loans | -0.03 | % | 0.00 | % | 0.01 | % | ||||||
| Uninsured & unpledged deposits | 25.55 | % | 25.43 | % | 27.71 | % | ||||||
| PER SHARE DATA | ||||||||||||
| Shares oustanding (1) | 4,873,405 | 4,873,508 | 4,866,490 | |||||||||
| Weighted average shares outstanding (1) | 4,873,479 | 4,873,508 | 4,896,164 | |||||||||
| Diluted weighted average shares outstanding (1) | 4,911,737 | 4,912,978 | 4,922,668 | |||||||||
| Basic earnings (1) | $ | 1.05 | $ | 0.86 | $ | 0.72 | ||||||
| Diluted earnings (1) | 1.04 | 0.85 | 0.72 | |||||||||
| Book value (1) | 24.40 | 24.21 | 22.20 | |||||||||
| Tangible book value (1) | 24.10 | 23.91 | 21.87 | |||||||||
| ASSET QUALITY | ||||||||||||
| Net (recoveries) charge-offs | $ | (474,449 | ) | $ | 44,637 | $ | 142,996 | |||||
| Classified assets | 3,783,816 | 4,082,145 | 399,978 | |||||||||
| Nonperforming loans | 480,403 | 532,252 | 364,583 | |||||||||
| Nonperforming assets | 480,403 | 532,252 | 364,583 | |||||||||
| Total nonperforming loans/Total loans | 0.03 | % | 0.04 | % | 0.03 | % | ||||||
| Total nonperforming loans/Total assets | 0.03 | % | 0.03 | % | 0.02 | % | ||||||
| Total nonperforming assets/Total assets | 0.03 | % | 0.03 | % | 0.02 | % | ||||||
| Allowance for credit losses/Total loans | 1.17 | % | 1.17 | % | 1.16 | % | ||||||
| (1) | Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2026. | |||||||||||
| WHITE RIVER BANCSHARES COMPANY | |||||||||||||||||||||||||||||||||
| INTEREST INCOME AND EXPENSE | |||||||||||||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||||||||||||
| Three Months Ended | |||||||||||||||||||||||||||||||||
| September 30, | June 30, | September 30, | |||||||||||||||||||||||||||||||
| 2026 | 2026 | 2025 | |||||||||||||||||||||||||||||||
| Average | Average | Average | Average | Average | Average | ||||||||||||||||||||||||||||
| Balance | Interest | Yield/Rate | Balance | Interest | Yield/Rate | Balance | Interest | Yield/Rate | |||||||||||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||||||||||||||||
| Federal funds sold and other | $ | 45,699,639 | $ | 414,642 | 3.60 | % | $ | 49,781,095 | $ | 458,631 | 3.70 | % | $ | 10,868,303 | $ | 119,881 | 4.38 | % | |||||||||||||||
| Investment securities available-for-sale (1) | 173,993,305 | 1,797,376 | 4.10 | % | 172,232,040 | 1,717,760 | 4.00 | % | 143,417,819 | 1,349,932 | 3.73 | % | |||||||||||||||||||||
| Loans receivable | 1,355,519,559 | 22,828,148 | 6.68 | % | 1,318,356,642 | 21,784,168 | 6.63 | % | 1,232,089,067 | 21,184,478 | 6.82 | % | |||||||||||||||||||||
| Total interest-earning assets | 1,575,212,503 | $ | 25,040,166 | 6.31 | % | 1,540,369,777 | $ | 23,960,559 | 6.24 | % | 1,386,375,189 | $ | 22,654,291 | 6.48 | % | ||||||||||||||||||
| Noninterest-earning assets | 82,234,285 | 82,152,352 | 84,509,736 | ||||||||||||||||||||||||||||||
| Total assets | $ | 1,657,446,788 | $ | 1,622,522,129 | $ | 1,470,884,925 | |||||||||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||||||||||||||
| Interest-bearing deposits | $ | 1,203,981,008 | $ | 9,976,238 | 3.29 | % | $ | 1,168,960,248 | $ | 9,397,532 | 3.22 | % | $ | 1,042,365,371 | $ | 9,091,239 | 3.46 | % | |||||||||||||||
| FHLB advances and federal funds purchased | 12,282,335 | 135,289 | 4.37 | % | 11,413,936 | 127,630 | 4.49 | % | 26,963,863 | 305,417 | 4.49 | % | |||||||||||||||||||||
| Notes payable | 39,063,104 | 669,378 | 6.80 | % | 39,353,474 | 659,612 | 6.72 | % | 25,902,754 | 479,094 | 7.34 | % | |||||||||||||||||||||
| Total interest-bearing liabilities | 1,255,326,447 | $ | 10,780,905 | 3.41 | % | 1,219,727,658 | $ | 10,184,774 | 3.35 | % | 1,095,231,988 | $ | 9,875,750 | 3.58 | % | ||||||||||||||||||
| Noninterest-bearing liabilities | 278,797,702 | 281,721,922 | 268,274,441 | ||||||||||||||||||||||||||||||
| Total liabilities | 1,534,124,149 | 1,501,449,580 | 1,363,506,429 | ||||||||||||||||||||||||||||||
| Stockholders' equity | 123,322,639 | 121,072,549 | 107,378,496 | ||||||||||||||||||||||||||||||
| Total liabilities and stockholders' equity | $ | 1,657,446,788 | $ | 1,622,522,129 | $ | 1,470,884,925 | |||||||||||||||||||||||||||
| Net interest-earning assets | $ | 319,886,056 | $ | 320,642,119 | $ | 291,143,201 | |||||||||||||||||||||||||||
| Net interest spread | $ | 14,259,261 | 2.90 | % | $ | 13,775,785 | 2.89 | % | $ | 12,778,541 | 2.91 | % | |||||||||||||||||||||
| Net interest margin | 3.59 | % | 3.59 | % | 3.66 | % | |||||||||||||||||||||||||||
| (1) | Excludes investments in bank stock (Federal Reserve Bank, Federal Home Loan Bank, and First National Bankers Bankshares). | ||||||||||||||||||||||||||||||||
| WHITE RIVER BANCSHARES COMPANY | ||||||||||||||||||||||
| INTEREST INCOME AND EXPENSE | ||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||
| Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | |||||||||||||||||||||
| Average | Average | Average | Average | |||||||||||||||||||
| Balance | Interest | Yield/Rate | Balance | Interest | Yield/Rate | |||||||||||||||||
| Interest-earning assets: | ||||||||||||||||||||||
| Federal funds sold and other | $ | 49,868,605 | $ | 1,358,892 | 3.64 | % | $ | 16,374,100 | $ | 528,776 | 4.32 | % | ||||||||||
| Investment securities available-for-sale (1) | 169,229,016 | 5,037,729 | 3.98 | % | 138,387,499 | 3,848,225 | 3.72 | % | ||||||||||||||
| Loans receivable | 1,316,681,897 | 65,594,484 | 6.66 | % | 1,169,902,372 | 59,111,182 | 6.76 | % | ||||||||||||||
| Total interest-earning assets | 1,535,779,518 | $ | 71,991,105 | 6.27 | % | 1,324,663,971 | $ | 63,488,183 | 6.41 | % | ||||||||||||
| Noninterest-earning assets | 82,217,120 | 82,762,667 | ||||||||||||||||||||
| Total assets | $ | 1,617,996,638 | $ | 1,407,426,638 | ||||||||||||||||||
| Interest-bearing liabilities: | ||||||||||||||||||||||
| Interest-bearing deposits | $ | 1,171,530,124 | $ | 28,659,548 | 3.27 | % | $ | 988,873,615 | $ | 25,941,893 | 3.51 | % | ||||||||||
| FHLB advances and federal funds purchased | 13,352,243 | 453,402 | 4.54 | % | 30,021,535 | 1,015,469 | 4.52 | % | ||||||||||||||
| Notes payable | 37,872,572 | 1,941,111 | 6.85 | % | 26,060,939 | 1,432,254 | 7.35 | % | ||||||||||||||
| Total interest-bearing liabilities | 1,222,754,939 | $ | 31,054,061 | 3.40 | % | 1,044,956,089 | $ | 28,389,616 | 3.63 | % | ||||||||||||
| Noninterest-bearing liabilities | 274,423,835 | 258,282,905 | ||||||||||||||||||||
| Total liabilities | 1,497,178,774 | 1,303,238,994 | ||||||||||||||||||||
| Stockholders' equity | 120,817,864 | 104,187,644 | ||||||||||||||||||||
| Total liabilities and stockholders' equity | $ | 1,617,996,638 | $ | 1,407,426,638 | ||||||||||||||||||
| Net interest-earning assets | $ | 313,024,579 | $ | 279,707,882 | ||||||||||||||||||
| Net interest spread | $ | 40,937,044 | 2.87 | % | $ | 35,098,567 | 2.78 | % | ||||||||||||||
| Net interest margin | 3.56 | % | 3.54 | % | ||||||||||||||||||
| (1) | Excludes investments in bank stock (Federal Reserve Bank, Federal Home Loan Bank, and First National Bankers Bankshares). | |||||||||||||||||||||
Contact:
Scott Sandlin, Chief Strategy Officer
479-684-3754
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.