River Financial Q2 net income up 14.6% to $13.9M; tangible book value per share up 24.2%

River Financial Corp

Year-to-date net income $28.0M, up 36.3% from $20.5M; basic EPS $3.58, up 35.1%.
Q2 net income $13.9M, up 14.6% from $12.1M; basic EPS $1.77, up 13.5%.
Net interest margin (taxable equivalent) YTD 3.71% vs 3.35% prior year; Q2 3.70% vs 3.41%.
Total loans grew 10.8% to $2.84B; deposits up 8.8% to $3.51B; assets $4.02B (+9.0%).
Nonperforming loans ratio rose to 0.49% from 0.21%; net charge-offs improved to 0.02% from 0.15%.

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