River Financial Corporation  (RVRF)
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

The company announced earnings inched up on the Slower Pace, amid the fiscal period closing Dec 31 2022

River Financial Corporation announced fourth quarter of 2022 operating profit of $7.424 million

Published Mar 15 2023
Goran Soko / CSIMarket.com Contributer

interior_Joe_Mabel_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons River Financial Corporation announced earnings per share of $0.84 and Revenue of $21.85 million in the most recent fiscal period, company's income fell $0.84 per share, versus $1.03 eps, earned in the similar period a year before, although River Financial Corporation saw its Revenue rise by 20.178 % in the similar period.

Sequentially income faded by -24.74 % from $1.11 per share and revenue advanced by 9.894 % from $21.85 million.

Net earnings of $5.834 million in the fourth quarter of 2022 earnings season fell by -14.62 % from $6.833 million in the corresponding period a year before. River Financial Corporation shifted it's focus on improving sales in the fourth quarter of 2022 earnings season, as a result net margin eased to 24.29%.
Operating earnings, fell -14.83% to $7.424 million, squeezing River Financial Corporation's operating margin to 30.92%, from 43.62% in the fourth quarter of 2021. Studying more the business results for the fiscal period 2022, River Financial Corporation declared revenue of $87.29 million and net income of $27.93 million.

Regional Banks company explained also, that Income improved by 9.23 % to $4.14 per share from $3.79 in the preceding fiscal period , recognized also, that revenue advanced by 14.94 % from $75.95 million a year ago.

River Financial Corporation is expected to report next financial earnings on May 09, 2023.

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