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River Financial Corporation  (RVRF)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

RVRF's Net Income Growth by Quarter and Year

River Financial's Net Income results by quarter and year




RVRF Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 5.83 5.39 5.70
III Quarter September 5.88 6.87 6.83 4.07
II Quarter June 7.64 7.51 6.03 3.62
I Quarter March 5.11 7.75 6.79 3.71
FY   18.63 27.96 25.04 17.10



RVRF Net Income third quarter 2023 Y/Y Growth Comment
River Financial Corporation reported fall in Net Income in the third quarter 2023 by -14.38% to $ 5.88 millions, from the same quarter in 2022.
The decline in the third quarter 2023 River Financial Corporation's Net Income compares unfavorably to the Company's average Net Income rise of 25.37%.

Looking into third quarter 2023 results within Regional Banks industry 97 other companies have achieved higher Net Income growth. While River Financial Corporation' s Net Income decrease of -14.38% ranks overall at the positon no. 1235 in the third quarter 2023.




RVRF Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 8.16 % -5.44 % 105.78 %
III Quarter September -14.38 % 0.59 % 67.81 % 37.04 %
II Quarter June 1.73 % 24.54 % 66.57 % 33.09 %
I Quarter March -34.06 % 14.14 % 83.02 % 40 %
FY   - 11.66 % 46.43 % 53.92 %

Financial Statements
River Financial's third quarter 2023 Net Income $ 5.88 millions RVRF's Income Statement
River Financial's third quarter 2022 Net Income $ 6.87 millions Quarterly RVRF's Income Statement
New: More RVRF's historic Net Income Growth >>


RVRF Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -15.14 % -21.08 % 40.05 %
III Quarter September -23.01 % -8.52 % 13.27 % 12.43 %
II Quarter June 49.51 % -3.1 % -11.19 % -2.43 %
I Quarter March -12.35 % 43.78 % 19.12 % 33.94 %
FY (Year on Year)   - 11.66 % 46.43 % 53.92 %




Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #98
Financial Sector #357
Overall #1235

Net Income Y/Y Growth Statistics
High Average Low
106.03 % 25.37 % -34.14 %
(Dec 31 2020)   (Mar 31 2023)
Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #98
Financial Sector #357
Overall #1235
Net Income Y/Y Growth Statistics
High Average Low
106.03 % 25.37 % -34.14 %
(Dec 31 2020)   (Mar 31 2023)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

River Financial's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
76.93 % 7.69 % -45.57 %
(Mar 31 2019)  


RVRF's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2023 River Financial Corporation reported fall in Net Income from the second quarter by -23.01% to $ 5.88 millions, from $ 7.64 millions released in the previous quarter.

But that's not big issue, as III. Quarter Net Income generally tend to slow in this quarter.

Within Regional Banks industry 137 other companies have achieved higher Net Income quarter on quarter growth. While River Financial's Net Income growth quarter on quarter, overall rank is 1292.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #138
Financial Sector #435
Overall #1292
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #138
Financial Sector #435
Overall #1292
Net Income Q/Q Growth Statistics
High Average Low
76.93 % 7.69 % -45.57 %
(Mar 31 2019)  


RVRF's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2023 River Financial Corporation realized fall in Net Income sequentially by -23.01% to $ 5.88 millions, from $ 7.64 millions released in the previous reporting period.

If you analyse recent slump at the III. Quarter, you should assume, that frequently III. Quarter 2023 results occur weaker relative to the preciding period, Arvid Olsson, a business veteran situated in Stockholm said.

Within Regional Banks industry 137 other companies have achieved higher Net Income quarter on quarter growth. While River Financial's Net Income growth quarter on quarter, overall rank is 1292.


River Financial's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Net Income 12 Months Ending $ 24.46 $ 25.44 $ 25.32 $ 26.48 $ 27.52
Y / Y Net Income Growth (TTM) -11.12 % -7.42 % -2.64 % 4.47 % 8.54 %
Year on Year Net Income Growth Overall Ranking # 830 # 420 # 404 # 265 # 0
Seqeuential Net Income Change (TTM) -3.87 % 0.5 % -9.47 % -3.63 % 0.12 %
Seq. Net Income Growth (TTM) Overall Ranking # 1007 # 707 # 1117 # 686 # 770




Cumulative Net Income growth Comment
River Financial's cumulative 12 months Net Income continue to fall, but on the faster rate at -11.12% year on year, at Sep 30 2023 compare to the -7.42% decrease at Jun 30 2023. If the River Financial's fiscal year would end at Sep 30 2023, annual Net Income would be $24 millions.

In the Financial sector 224 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 420 to 830.

Net Income TTM Q/Q Growth Statistics
High Average Low
79.1 %
27.41 %
-11.12 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 108
Financial Sector # 225
Overall # 830

Net Income TTM Y/Y Growth Statistics
High Average Low
79.1 %
27.41 %
-11.12 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 108
Sector # 290
S&P 500 # 1007
Cumulative Net Income growth Comment
River Financial's cumulative 12 months Net Income continue to fall, but on the faster rate at -11.12% year on year, at Sep 30 2023 compare to the -7.42% decrease at Jun 30 2023. If the River Financial's fiscal year would end at Sep 30 2023, annual Net Income would be $24 millions.

In the Financial sector 224 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 420 to 830.

Net Income TTM Q/Q Growth Statistics
High Average Low
79.1 %
27.41 %
-11.12 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 108
Financial Sector # 225
Overall # 830

Net Income TTM Y/Y Growth Statistics
High Average Low
79.1 %
27.41 %
-11.12 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 108
Sector # 290
S&P 500 # 1007




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
RVRF's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for RVRF's Competitors
Net Income Growth for River Financial's Suppliers
Net Income Growth for RVRF's Customers

You may also want to know
RVRF's Annual Growth Rates RVRF's Profitability Ratios RVRF's Asset Turnover Ratio RVRF's Dividend Growth
RVRF's Roe RVRF's Valuation Ratios RVRF's Financial Strength Ratios RVRF's Dividend Payout Ratio
RVRF's Roa RVRF's Inventory Turnover Ratio RVRF's Growth Rates RVRF's Dividend Comparisons



Companies with similar Net Income fall for the quarter ending Sep 30 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Sep 30 2023
Essent Group Ltd -0.05%$ -0.052 millions
Sierra Bancorp-0.50%$ -0.503 millions
Southern States Bancshares Inc -1.06%$ -1.060 millions
Apple Hospitality Reit Inc -1.07%$ -1.072 millions
Ally Financial Inc -1.10%$ -1.103 millions
Raymond James Financial Inc -1.14%$ -1.139 millions
Four Corners Property Trust Inc -1.47%$ -1.466 millions
Equifax inc -1.56%$ -1.558 millions
Aflac Incorporated-1.69%$ -1.692 millions
Crossfirst Bankshares inc -1.75%$ -1.750 millions
Blue Ocean Acquisition Corp-1.96%$ -1.963 millions
California Bancorp-2.19%$ -2.191 millions
Bank7 Corp -2.34%$ -2.338 millions
Hennessy Advisors Inc-2.40%$ -2.402 millions
East West Bancorp inc -2.57%$ -2.574 millions
Commerce Bancshares Inc -2.76%$ -2.763 millions
Amalgamated Financial Corp -2.77%$ -2.772 millions
Bar Harbor Bankshares-2.85%$ -2.852 millions
Stonex Group Inc -3.06%$ -3.059 millions
Webster Financial Corporation-3.20%$ -3.203 millions
Lamar Advertising Co-3.88%$ -3.882 millions
Diamondrock Hospitality Co-4.29%$ -4.290 millions
Csb Bancorp Inc-4.63%$ -4.630 millions
Silvercrest Asset Management Group Inc -4.66%$ -4.661 millions
Alerus Financial Corporation-4.76%$ -4.761 millions
New Peoples Bankshares Inc -4.83%$ -4.834 millions
Consumers Bancorp Inc-4.93%$ -4.931 millions
Stock Yards Bancorp Inc -5.07%$ -5.074 millions
Cf Bankshares Inc -5.13%$ -5.131 millions
Five Star Bancorp-5.63%$ -5.631 millions




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