River Financial posts strong March 2026 results

River Financial Corporation reported sharply improved performance for the period ended March 31, 2026, highlighted by a 24.4% rise in tangible book value per share from $28.36 to $35.29.

Rhea-AI Filing Summary

River Financial Corporation reported sharply improved performance for the period ended March 31, 2026, highlighted by a 24.4% rise in tangible book value per share from $28.36 to $35.29. Year-to-date net income grew from $8.5 million to $14.2 million, a 67.3% increase, and basic earnings per share rose 66.1% from $1.09 to $1.81.

Profitability ratios strengthened, with year-to-date return on average equity improving to 18.6% from 14.3%, annualized quarter-to-date return on average assets rising to 1.55% from 0.99%, and net interest margin expanding to 3.73% from 3.31%. Total assets reached $3.92 billion, loans $2.74 billion, and deposits $3.45 billion, all up high single digits year over year.

Asset quality remained solid though slightly weaker, as nonperforming loans increased as a percentage of total loans from 0.33% to 0.50% and net charge-offs rose from 0.00% to 0.02%. Capital ratios improved, including a total risk-based capital ratio of 13.82% and common equity tier 1 capital ratio of 11.15% as of March 31, 2026.

Positive

• Earnings and profitability surged, with year-to-date net income up 67.3% to $14.2 million and basic EPS up 66.1% to $1.81, alongside stronger returns on equity and assets.

Negative

• None.

Insights

Banking sector analyst

River Financial shows strong profit growth, balance-sheet expansion, and improved capital, with only modest credit-quality slippage.

River Financial Corporation delivered robust earnings momentum for the period ended March 31, 2026. Year-to-date net income increased 67.3% to $14.2 million, while basic EPS climbed 66.1% to $1.81, indicating stronger profitability per share. Returns also improved, with return on average equity at 18.6%.

Balance-sheet growth was healthy, as total assets rose 7.8% to $3.92 billion, loans grew 8.0% to $2.74 billion, and deposits increased 9.3% to $3.45 billion. Net interest margin expanded to 3.73%, suggesting better core banking spreads. Capital ratios strengthened, including a total risk-based capital ratio of 13.82% and common equity tier 1 of 11.15%.

Credit metrics softened but remained conservative: nonperforming loans increased to 0.50% of total loans and net charge-offs to 0.02%. Given the small absolute levels and improved capital, these changes appear manageable based on the disclosed data. Subsequent quarterly disclosures in future periods will clarify whether this uptick in problem loans persists or stabilizes.

8-K Event Classification

2 items: 2.02, 9.01

2 items

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.

Key Figures

Tangible book value per share: $35.29 per share Year-to-date net income: $14.2 million Basic EPS year-to-date: $1.81 +5 more

8 metrics

Tangible book value per share $35.29 per share Up 24.4% from $28.36 at March 31, 2025 to March 31, 2026

Year-to-date net income $14.2 million Increased 67.3% from $8.5 million as of March 31, 2025

Basic EPS year-to-date $1.81 Up 66.1% from $1.09 at March 31, 2025

Total assets $3.92 billion Up 7.8% from $3.63 billion at March 31, 2025

Total loans $2.74 billion Up 8.0% from $2.54 billion at March 31, 2025

Total deposits $3.45 billion Up 9.3% from $3.16 billion at March 31, 2025

Nonperforming loans ratio 0.50% of total loans Increased from 0.33% at March 31, 2025

Total risk-based capital ratio 13.82% Up from 13.26% at March 31, 2025

Key Terms

tangible book value per share, return on average equity, net interest margin (taxable equivalent), nonperforming loans, +1 more

5 terms

tangible book value per share financial

"River Financial Corporation has experienced a 24.4% 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.

return on average equity financial

"Year-to-date return on average equity of 18.6% compared to 14.3%"

Return on average equity (ROAE) measures how much profit a company generates for its shareholders’ invested capital over a period, calculated by dividing net profit by the average shareholder equity during that period. It matters to investors because it shows how efficiently management turns owners’ money into earnings—like how much bread a baker bakes from the same oven space—helping compare profitability across companies and track performance over time.

net interest margin (taxable equivalent) financial

"Year-to-date net interest margin (taxable equivalent) of 3.73% compared to 3.31%"

nonperforming loans financial

"Nonperforming loans as a percentage of total loans increased slightly from 0.33% to 0.50%"

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.

common equity tier 1 capital ratio financial

"Common equity tier 1 capital ratio increased from 10.48% to 11.15%"

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.

Earnings Snapshot

Year-to-date net income: $14.2 million

quarter ended March 31, 2026

Year-to-date net income $14.2 million +67.3% YoY

Year-to-date basic EPS $1.81 +66.1% YoY

Tangible book value per share $35.29 +24.4% YoY

Return on average equity 18.6% vs 14.3% prior year

Annualized return on average assets 1.55% vs 0.99% prior year

Net interest margin 3.73% vs 3.31% prior year

Total assets $3.92 billion +7.8% YoY

Total loans $2.74 billion +8.0% YoY

Total deposits $3.45 billion +9.3% YoY

FAQ

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

How did River Financial Corporation (RVRF) perform year-to-date through March 31, 2026?

River Financial’s year-to-date net income rose to $14.2 million, up 67.3% from $8.5 million a year earlier. Basic earnings per share increased 66.1% to $1.81, reflecting significantly stronger profitability compared with the same period in 2025.

What happened to River Financial Corporation’s tangible book value per share?

Tangible book value per share increased to $35.29 at March 31, 2026, from $28.36 a year earlier, a 24.4% rise. This shows the company’s underlying equity value per share strengthened over the last twelve months.

How fast are River Financial Corporation’s assets, loans, and deposits growing?

Total assets reached $3.92 billion, up 7.8% year over year. Loans grew 8.0% to $2.74 billion, while deposits rose 9.3% to $3.45 billion, indicating broad-based balance-sheet expansion across core banking categories.

What do River Financial Corporation’s latest profitability ratios show?

Year-to-date return on average equity was 18.6%, up from 14.3%, and annualized quarter-to-date return on average assets rose to 1.55% from 0.99%. Net interest margin improved to 3.73%, demonstrating stronger earnings on the balance sheet.

How is River Financial Corporation’s credit quality as of March 31, 2026?

Nonperforming loans were 0.50% of total loans, up from 0.33% a year earlier. Net charge-offs increased to 0.02% from 0.00%. While slightly weaker, these credit metrics remain low in absolute terms.

Are River Financial Corporation’s capital ratios improving?

Yes. The total risk-based capital ratio increased to 13.82% from 13.26%. Common equity tier 1 rose to 11.15% and tier 1 capital to 8.14%. These stronger ratios indicate a more resilient capital position.

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

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Accepted by SEC EDGAR 04/14/2026 - 02:55 PM EDT Learn about SEC filing dates

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: April 14, 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 April 14, 2026, River Financial Corporation (the “Company”) issued a press release announcing its results for the quarter ended March 31, 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 April 14, 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: April 14, 2026				By		/s/ James M. Stubbs
						James M. Stubbs
						Chief Executive Officer

2

River Financial Corporation Reports 24.4% Increase in Tangible Book Value Per Share

River Financial Corporation has experienced a 24.4% increase in tangible book value per share from $28.36 at March 31, 2025 to $35.29 at March 31, 2026.

Other highlights as of March 31, 2026 include the following:

Income/Profitability:

•Year-to-date net income increased $5.7 million, or 67.3%, from $8.5 million at March 31, 2025 to $14.2 million at March 31, 2026.

•Year-to-date basic earnings per share increased 66.1% from $1.09 at March 31, 2025 to $1.81 at March 31, 2026.

•Year-to-date return on average equity of 18.6% compared to 14.3% for the same period last year.

•Annualized quarter-to-date return on average assets of 1.55% compared to 0.99% for the same period last year.

•Year-to-date net interest margin (taxable equivalent) of 3.73% compared to 3.31% for the same period last year.

Balance Sheet:

•Total assets increased $282.7 million or 7.8% from $3.63 billion at March 31, 2025 to $3.92 billion at March 31, 2026.

•Total loans increased $203.1 million or 8.0% from $2.54 billion at March 31, 2025 to $2.74 billion at March 31, 2026.

•Total deposits increased $292.4 million or 9.3% from $3.16 billion at March 31, 2025 to $3.45 billion at March 31, 2026.

Credit Quality:

•Nonperforming loans as a percentage of total loans increased slightly from 0.33% at March 31, 2025 to 0.50% at March 31, 2026.

•Net charge-off percentage increased slightly from 0.00% at March 31, 2025 to 0.02% at March 31, 2026

Capital Ratios:

•Total risk-based capital ratio increased from 13.26% at March 31, 2025 to 13.82% at March 31, 2026.

•Common equity tier 1 capital ratio increased from 10.48% at March 31, 2025 to 11.15 % as of March 31, 2026.

•Tier 1 Capital ratio increased from 7.56% at March 31, 2025 to 8.14% at March 31, 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, and Tuscaloosa, Alabama. We also have one loan production office in Destin, Florida that has been approved to move to a full-service office once renovations to the office are completed. For more information contact InvestorRelations@river.bank or go to riverbankandtrust.com/about-us/investor-relations.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 14.5 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 27.6 KB