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Complete financial analysis of White River Bancshares Co (WRIV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of White River Bancshares Co, a leading company in the Banks – Regional industry within the Financial Services sector.
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White River Bancshares Co (WRIV)
About White River Bancshares Co
White River Bancshares Co operates as the bank holding company for Signature Bank of Arkansas that provides financial services to small businesses, families, and farms. The company offers personal savings, money market, young investors, health savings, and individual retirement accounts, as well as small business, commercial, and business interest checking accounts. It also provides personal, auto and boat, recreational, mortgage, home equity, small business administration, real estate, secured, and construction loans; line of credits; and certificates of deposits, as well as credit and debit cards. In addition, the company offers online, mobile, text, and telephone banking services; mobile deposit; overdraft; signature finance 360; and wealth management services, including asset allocation, asset management, estate planning, retirement planning, bonds, and insurance and annuities. White River Bancshares Co was founded in 2005 and is headquartered in Fayetteville, Arkansas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 36.03M | 38.41M | 34.86M | 29.60M | 27.67M | 24.50M | 23.15M | 23.75M |
| Cost of Revenue | -22.13M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 58.17M | 38.41M | 34.86M | 29.60M | 27.67M | 24.50M | 23.15M | 23.75M |
| Gross Profit Ratio | 161.42% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 18.69M | 19.46M | 16.66M | 14.60M | 13.45M | 12.38M | 11.74M | 10.49M |
| Selling & Marketing | 1.87M | 1.37M | 788.48K | 556.27K | 631.46K | 608.37K | 603.69K | 583.85K |
| SG&A | 20.56M | 20.83M | 17.45M | 15.16M | 14.08M | 12.99M | 12.35M | 11.07M |
| Other Expenses | 15.48M | -51.72M | -42.79M | -39.58M | -34.83M | -31.41M | -4.15M | -4.16M |
| Operating Expenses | 36.03M | -30.88M | -25.35M | -24.42M | -20.75M | -18.42M | 4.15M | 4.16M |
| Cost & Expenses | 36.03M | -30.88M | -25.35M | -24.42M | -20.75M | -18.42M | 21.90M | 21.62M |
| Interest Income | 52.06M | 38.26M | 32.77M | 32.30M | 32.05M | 28.53M | 25.70M | 23.85M |
| Interest Expense | 22.13M | 5.39M | 4.50M | 7.69M | 7.94M | 6.42M | 5.19M | 3.66M |
| Depreciation & Amortization | 1.46M | 1.15M | 948.40K | 844.17K | 808.20K | 718.06K | 768.32K | 724.99K |
| EBITDA | 4.61M | 8.67M | 10.46M | 6.02M | 7.73M | 6.80M | 7.21M | 6.52M |
| EBITDA Ratio | 12.79% | 22.58% | 30.01% | 20.33% | 27.94% | 27.74% | 31.12% | 27.45% |
| Operating Income | 3.15M | 7.53M | 9.51M | 5.17M | 6.92M | 6.08M | 6.44M | 5.79M |
| Operating Income Ratio | 8.73% | 19.60% | 27.29% | 17.48% | 25.02% | 24.81% | 27.81% | 24.40% |
| Total Other Income/Expenses | 0.00 | -1.15M | -948.40K | -844.17K | -808.20K | -718.06K | -768.32K | -724.99K |
| Income Before Tax | 3.15M | 7.53M | 9.51M | 5.17M | 6.92M | 6.08M | 6.44M | 5.79M |
| Income Before Tax Ratio | 8.73% | 19.60% | 27.29% | 17.48% | 25.02% | 24.81% | 27.81% | 24.40% |
| Income Tax Expense | 600.45K | 1.91M | 2.46M | 1.35M | 1.78M | 1.51M | 3.40M | 2.26M |
| Net Income | 2.55M | 5.62M | 7.05M | 3.82M | 5.14M | 4.57M | 3.04M | 3.53M |
| Net Income Ratio | 7.06% | 14.62% | 20.23% | 12.92% | 18.58% | 18.65% | 13.12% | 14.86% |
| EPS | 2.56 | 5.67 | 7.23 | 3.94 | 5.28 | 4.74 | 3.11 | 3.62 |
| EPS Diluted | 2.56 | 5.64 | 7.23 | 3.94 | 5.28 | 4.74 | 3.11 | 3.62 |
| Weighted Avg Shares Out | 995.65K | 990.44K | 975.06K | 969.74K | 974.11K | 964.31K | 975.08K | 975.08K |
| Weighted Avg Shares Out (Dil) | 995.70K | 995.71K | 975.06K | 969.74K | 974.11K | 964.31K | 975.08K | 975.08K |
White River Bancshares Co. Earns a Record $2.74 million, or $1.12 Per Diluted Share, in 3Q24; Highlighted by Net Interest Margin Expansion
FAYETTEVILLE, Ark., Oct. 15, 2024 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX: WRIV), (the “Company”) the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income increased substantially to $2.74 million, or $1.12 per diluted share,...
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White River Bancshares Co. Announces Annual Cash Dividend of $1.00 Per Share and Declares 2-for-1 Stock Split
FAYETTEVILLE, Ark., July 17, 2024 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX: WRIV) (the “Company”), the holding company for Signature Bank of Arkansas (the “Bank”), today announced its Board of Directors declared an annual cash dividend of $1.00 per...
White River Bancshares Co. Earns a Record $1.85 million, or $1.61 Per Diluted Share, in 2Q24; Highlighted by Successful Capital Raise and Net Interest Margin Expansion
FAYETTEVILLE, Ark., July 12, 2024 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX: WRIV), (the “Company”) the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income increased 137.5% to $1.85 million, or $1.61 per diluted share,...
White River Bancshares Co. Announces Completion of $12.46 Million Private Placement of Common Shares
FAYETTEVILLE, Ark., May 01, 2024 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX: WRIV) (the “Company”), the holding company for Signature Bank of Arkansas (the “Bank”), today announced that it has completed a private placement of $12.46 million of the...
White River Bancshares Co. Earns $509,000, or $0.51 Per Diluted Share, in First Quarter 2024; Highlighted by Higher Net Interest Income and Double Digit Loan and Deposit Growth Year-Over-Year
FAYETTEVILLE, Ark., April 19, 2024 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX: WRIV), (the “Company”) the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income of $509,000, or $0.51 per diluted share, in the first...
White River Bancshares Co. Earns $788,000, or $0.79 Per Diluted Share, in Fourth Quarter 2023 and Earns $2.55 Million, or $2.56 Per Diluted Share for the Year; Highlighted by Double Digit Loan and Deposit Growth Year-Over-year
FAYETTEVILLE, Ark., Jan. 18, 2024 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX: WRIV), (the “Company”) the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income of $788,000, or $0.79 per diluted share, in the fourth...
White River Bancshares Co. Earns $639,000, or $0.64 Per Diluted Share, in Third Quarter 2023; Highlighted by Double Digit Loan and Deposit Growth Year-Over-year
FAYETTEVILLE, Ark., Oct. 16, 2023 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX: WRIV), (the “Company”) the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income of $639,000, or $0.64 per diluted share, in the third...
White River Bancshares Co. Earns $779,000, or $0.78 Per Diluted Share, in Second Quarter 2023; Results Highlighted by Strong Loan and Deposit Growth
FAYETTEVILLE, Ark., July 17, 2023 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX: WRIV), (the “Company”) the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income of $779,000, or $0.78 per diluted share, in the second...
White River Bancshares Co. Announces Annual Cash Dividend of $0.50 Per Share
FAYETTEVILLE, Ark., July 20, 2021 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX: WRIV), (the “Company”) the holding company for Signature Bank of Arkansas (the “Bank”), today announced its Board of Directors declared an annual cash dividend of $0.50 per...
Source: https://incomestatements.info
Category: Stock Reports
What were White River Bancshares’ Q3 2024 net income and EPS?
Net income for the third quarter of 2024 increased substantially to $2.74 million, or $1.12 per diluted share, compared to $639,000, or $0.32 per diluted share, in the third quarter of 2023.
What were the key financial highlights for White River Bancshares in 2024?
White River Bancshares Co. reported net income of $509,000, or $0.51 per diluted share, in the first quarter of 2024, up from $340,000 in the same period last year. The company’s net interest income increased, along with double-digit loan and deposit growth year-over-year.
How did White River Bancshares’ net interest margin change in Q3 2024?
Net interest margin (“NIM”) increased 43 basis points to 3.32% in the third quarter of 2024, compared to 2.89% in the third quarter of 2023. Annualized return on average assets was 0.91%, compared to 0.24% in the third quarter of 2023.
What was the growth in total deposits for White River Bancshares in Q3 2024?
Total deposits increased 12.1% to $1.036 billion at September 30, 2024, compared to $923.9 million a year ago and increased 2.2% compared to $1.014 billion at June 30, 2024.