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  4. [8-K] River Financial Corp Reports Material Event

River Financial Q3 net income rises 41% to $15.1M

Tangible book value per share reached $37.03, while nonperforming loans rose to 0.51% of total loans.

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(High)
Filing Sentiment

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.

How Sentiment worksHow the balance works

Form Type
8-K

Rhea-AI Filing Summary

River Financial Corporation (RVRF) reported quarter-to-date net income of $15.1 million, up 41.0% from $10.7 million at September 30, 2025; year-to-date net income was $43.0 million, up 37.9% from $31.2 million. Basic earnings per share was $1.93 quarter-to-date, up 40.0%, and $5.51 year-to-date, up 36.7%. Tangible book value per share was $37.03 at September 30, 2026, up 12.6% from $32.90 a year earlier.

At September 30, 2026, total assets were $4.09 billion, total loans were $2.93 billion and deposits were $3.61 billion, increases of 6.5%, 10.9% and 7.9%, respectively, from a year earlier. Nonperforming loans as a share of total loans rose to 0.51% from 0.29%, while the net charge-off percentage declined to 0.04% from 0.11%. The total risk-based capital ratio was 14.239%, compared with 13.612% a year earlier.

3 points · 0 major

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.

How the balance worksHow Sentiment works

0 major · 1 point

How the balance works

Positive

  • Moderate pointYear-to-date net income rose 37.9% to $43.0 million through September 30, 2026.
  • Minor pointTangible book value per share rose 12.6% to $37.03 at September 30, 2026.
  • Minor pointNet charge-off percentage declined to 0.04% from 0.11% a year earlier.

Negative

  • Minor pointNonperforming loans reached 0.51% of total loans, up from 0.29% a year earlier.
Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Year-to-date net income $43.0 million Nine months ended September 30, 2026; up 37.9% from $31.2 million
Quarter-to-date net income $15.1 million Quarter ended September 30, 2026; up 41.0% from $10.7 million
Tangible book value per share $37.03 At September 30, 2026; up 12.6% from $32.90
Total assets $4.09 billion At September 30, 2026; up 6.5% from $3.84 billion
Total loans $2.93 billion At September 30, 2026; up 10.9% from $2.64 billion
Total deposits $3.61 billion At September 30, 2026; up 7.9% from $3.35 billion
Nonperforming loans as a percentage of total loans 0.51% At September 30, 2026, compared with 0.29% a year earlier
Net charge-off percentage 0.04% At September 30, 2026, compared with 0.11% a year earlier
tangible book value per share financial
"increase in tangible book value per share"
Tangible book value per share is the company's total physical and financial assets minus its liabilities and intangible items (like goodwill and brand value), divided by the number of outstanding shares. It gives investors a conservative, per‑share estimate of what would remain if the business sold only its hard assets and paid its debts—useful for judging whether a stock is priced above or below its underlying, tangible worth, like valuing a property by its bricks and cash rather than its reputation.
net interest margin (taxable equivalent) financial
"Year-to-date net interest margin (taxable equivalent)"
nonperforming loans financial
"Nonperforming loans as a percentage of total loans"
Nonperforming loans are loans on which borrowers have stopped making the scheduled interest or principal payments for an extended period (commonly 90 days or more) or are otherwise in serious danger of default. Think of them as IOUs that aren’t being repaid: they tie up a lender’s money, reduce future interest income, and force the lender to hold extra reserves or take losses. For investors, a rising share of nonperforming loans signals weakening credit quality, higher potential losses, and greater risk to a bank’s profitability and capital.
net charge-off percentage financial
"Net charge-off percentage decreased"
Common equity tier 1 capital ratio financial
"Common equity tier 1 capital ratio increased"
A bank’s common equity tier 1 (CET1) capital ratio measures the size of its strongest loss-absorbing capital—mainly common shares and retained earnings—relative to the bank’s assets after adjusting those assets for how risky they are (riskier loans count more). Think of it as the safety cushion compared with the weight of risky business; investors use it to judge a bank’s ability to survive losses, meet rules, and sustain dividends or growth.
Quarter-to-date net income $15.1 million Up 41.0% from $10.7 million
Year-to-date net income $43.0 million Up 37.9% from $31.2 million
Quarter-to-date basic earnings per share $1.93 Up 40.0% from $1.38
Year-to-date basic earnings per share $5.51 Up 36.7% from $4.03
Tangible book value per share $37.03 Up 12.6% from $32.90
Total assets $4.09 billion Up 6.5% from $3.84 billion
Total loans $2.93 billion Up 10.9% from $2.64 billion
Total deposits $3.61 billion Up 7.9% from $3.35 billion
Nonperforming loans as a percentage of total loans 0.51% Increased from 0.29%
Net charge-off percentage 0.04% Decreased from 0.11%

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much net income did River Financial report for the quarter ended September 30, 2026?
River Financial reported quarter-to-date net income of $15.1 million, up 41.0% from $10.7 million at September 30, 2025.

What was RVRF's tangible book value per share?
Tangible book value per share was $37.03 at September 30, 2026, compared with $32.90 at September 30, 2025, an increase of 12.6%.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR
0001641601false00016416012026-04-142026-04-14

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of earliest event reported: October 15, 2026

RIVER FINANCIAL CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Alabama

333-205986

46-1422125

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

2611 Legends Drive

Prattville, Alabama

36066

(Address of Principal Executive Offices)

(Zip Code)

(334) 290-1012

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

None

None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

1

 

ITEM 2.02 Results of Operations and Financial Conditions.

 

On October 15, 2026, River Financial Corporation (the “Company”) issued a press release announcing its results for the quarter ended September 30, 2026. The press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

 

The information in this Item 2.02, including the information incorporated herein from Exhibit 99.1, is furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

ITEM 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

99.1

 

 

 

Press release, dated October 15, 2026, issued by River Financial Corporation.

 

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

 

 

 

RIVER FINANCIAL CORPORATION

 

 

 

 

Date: October 15, 2026

 

 

 

By

 

/s/ James M. Stubbs

 

 

 

 

 

 

James M. Stubbs

 

 

 

 

 

 

Chief Executive Officer

 

2

 

River Financial Corporation Reports 12.6% Increase in Tangible Book Value Per Share

 

River Financial Corporation has experienced a 12.6% increase in tangible book value per share from $32.90 at September 30, 2025 to $37.03 at September 30, 2026.

Other highlights as of September 30, 2026 include the following:

Income/Profitability:

•
Year-to-date net income increased $11.8 million, or 37.9%, from $31.2 million at September 30, 2025 to $43.0 million for the nine months ended September 30, 2026.
•
Quarter-to-date net income increased $4.4 million, or 41.0%, from $10.7 million at September 30, 2025 to $15.1 million at September 30, 2026.
•
Year-to-date basic earnings per share increased 36.7% from $4.03 at September 30, 2025 to $5.51 at September 30, 2026.
•
Quarter-to-date basic earnings per share increased 40.0% from $1.38 at September 30, 2025 to $1.93 at September 30, 2026.
•
Year-to-date return on average equity of 18.5% compared to 16.4% for the same period last year.
•
Annualized quarter-to-date return on average equity of 18.94% compared to 16.07% for the same period last year.
•
Annualized quarter-to-date return on average assets of 1.56% compared to 1.18% for the same period last year.
•
Year-to-date net interest margin (taxable equivalent) of 3.73% compared to 3.40% for the same period last year.
•
Quarter-to-date net interest margin (taxable equivalent) of 3.76% compared to 3.48% for the same period last year.

Balance Sheet:

•
Total assets increased $249.7 million or 6.5% from $3.84 billion at September 30, 2025 to $4.09 billion at September 30, 2026.
•
Total loans increased $287.3 million or 10.9% from $2.64 billion at September 30, 2025 to $2.93 billion at September 30, 2026.
•
Total deposits increased $263.2 million or 7.9% from $3.35 billion at September 30, 2025 to $3.61 billion at September 30, 2026.

Credit Quality:

•
Nonperforming loans as a percentage of total loans increased from 0.29% at September 30, 2025 to 0.51% at September 30, 2026.
•
Net charge-off percentage decreased from 0.11% at September 30, 2025 to .04% at September 30, 2026

Capital Ratios:

•
Total risk-based capital ratio increased from 13.612% at September 30, 2025 to 14.239% at September 30, 2026.
•
Common equity tier 1 capital ratio increased from 10.892% at September 30, 2025 to 11.883% as of September 30, 2026.
•
Tier 1 Capital ratio increased from 7.778% at September 30, 2025 to 8.428% at September 30, 2026.

 

About River Financial Corporation

River Financial Corporation operates as the bank holding company for River Bank & Trust. River Bank & Trust operates twenty-four full-service banking offices in Alabama in the cities of Montgomery, Prattville, Millbrook, Wetumpka, Auburn, Opelika, Gadsden, Alexander City, Daphne, Clanton, Dothan, Enterprise, Mobile, Decatur, Huntsville, Saraland, Birmingham, Florence, and Tuscaloosa, Alabama. We also have one full-service banking office in Destin, Florida. For more information contact InvestorRelations@river.bankor go to riverbankandtrust.com/about-us/investor-relations.

 

 

 

 

Source: View Original Filing on SEC EDGAR

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