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River Financial Corporation  (RVRF)
Other Ticker:  
 
    Sector • Financial    Industry • Regional Banks
   Industry • Regional Banks
   Sector • Financial
 
Price: $30.0000 $-1.00 -3.226%
Day's High: $30 Week Perf: 0.84 %
Day's Low: $ 30.00 30 Day Perf:
Volume (M): 1 52 Wk High: $ 31.00
Volume (M$): $ 30 52 Wk Avg: $30.17
Open: $30.00 52 Wk Low: $28.25



 Market Capitalization (Millions $) 210
 Shares Outstanding (Millions) 7
 Employees -
 Revenues (TTM) (Millions $) 93
 Net Income (TTM) (Millions $) 24
 Cash Flow (TTM) (Millions $) 108
 Capital Exp. (TTM) (Millions $) 9

River Financial Corporation
River Financial Corporation is a financial technology company that provides a platform for users to buy, sell, and hold bitcoin. It was founded in 2019 by Alexander Leishman and Andrew Benson, both of whom have extensive experience in finance and technology.

The company's mission is to make the transition to bitcoin as easy and safe as possible for users, while offering best-in-class customer service and support. River Financial has a user-friendly app for buying and selling bitcoin, as well as advanced features for experienced traders.

One of the key features of River Financial is their focus on security. They offer a multisignature cold storage solution for storing bitcoin, which involves several layers of verification before any transactions can be made. This ensures that users' funds are as safe as possible from cyber threats.

River Financial also offers personalized investment strategies for users, based on their risk tolerance and financial goals. These strategies are designed with long-term growth in mind, and take into account market trends and analysis.

The company is headquartered in San Francisco, California, and is regulated by the US Financial Crimes Enforcement Network (FinCEN). They are committed to complying with all relevant regulations and laws, and work closely with regulators to ensure the safety and security of their platform.

Overall, River Financial Corporation is a cutting-edge financial technology company that offers a user-friendly platform for buying and selling bitcoin, with a focus on security, customer service, and long-term investment strategies.


   Company Address: 2611 Legends Drive Prattville 36066 AL
   Company Phone Number: 290-1012   Stock Exchange / Ticker: RVRF


   

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River Financial Corporation

Deterioration in Earnings per Share Signifies Challenging Period for River Financial Corporation's Fiscal Q3 2023 Performance



River Financial Corporation has recently released its financial results for the fiscal period ending September 30th, 2023. While the company experienced a revenue increase of 1.328%, it also faced a significant decline in income of -16.83% compared to the previous reporting season. Despite this decline, River Financial Corporation has outperformed its sector contemporaries in terms of revenue growth. This article will analyze the financial results and provide an interpretation of the key facts.
Revenue Growth and Income Decline:
River Financial Corporation's revenue for the fiscal year ending September 30th, 2023, was $22.66 million, indicating a growth rate of 1.328%. However, this growth was not able to prevent a decline in income, which decreased by -16.83% compared to the same reporting season a year ago. The company's earnings per share (EPS) stood at $0.84.
River Financial Corporation

River Financial Corporation experiences slight decline in earnings per share during Q2 2023, despite strong revenue growth

In its fiscal time-frame ending June 30, 2023, River Financial Corporation reported a decrease in earnings per share (EPS) from $1.15 to $1.13 compared to the same period the previous year. Although the company saw a 20.716% increase in revenue during this time, it lagged behind its regional banking sector counterparts.
While most companies in the Regional Banks sector reported a top-line improvement of 11.47% relative to the same period a year ago, River Financial Corporation's top-line grew faster, showcasing a 20.716% increase. This may initially appear as a positive sign for the company; however, a deeper analysis reveals concerning data.
River Financial Corporation

River Financial Corporation Faces Declining Profits Despite Revenue Increase in Q1 2023

Bearish Article:
The first quarter of 2023 has not been kind to River Financial Corporation (RVRF), and the company looks to be in a precarious position as it heads into the rest of the year. Despite an increase in revenue, shrinking earnings per share (EPS) coupled with declining profits and decreased sales have left RVRF investors understandably concerned.
For the fiscal quarter ending on March 31, 2023, RVRF reported a 9.592% increase in revenue, which rose from $18.99 million to $20.81 million year-over-year. However, profits for the company fell by -7.25% from $0.82 to $0.76 per share. This represents a -9.02% decrease in EPS from $0.84 per share in the previous reporting season. Worse still, revenue for the quarter deteriorated by -13.359% from $24.01 million, indicating that the company's sales and growth trajectory have slowed considerably.






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