Second-quarter profit rose year over year as deposits and loans expanded, book value increased, credit quality stayed strong, and the bank declared a $0.05-per-share dividend payable Aug. 17.
River City Bank reported net income of $19.6 million, or $1.37 per share, for the quarter ended June 30, 2026, up from $15.4 million, or $1.05 per share, a year earlier. For the first six months of 2026, net income rose to $37.6 million, or $2.60 per share, from $27.7 million, or $1.89 per share, in the same 2025 period. Average deposits increased by $731 million, or 15.5%, and average loans rose by $326 million, or 7.5%, while total assets reached $6.04 billion and book value per share increased 14% to $40.58. The quarter included a $3.2 million gain from mark-to-market changes on undesignated interest rate swaps, versus a $4.0 million loss a year earlier, even as net interest margin narrowed to 2.34% from 2.59%. River City Bank said credit quality remained strong with zero non-performing loans, delinquent loans at 0.03% of total loans, and an allowance for credit losses equal to 2.30% of total loans.