{"id":42735,"date":"2026-07-22T23:00:00","date_gmt":"2026-07-22T21:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=f2a0a950f862966bdf3a2d6c562877dd"},"modified":"2026-07-22T23:00:00","modified_gmt":"2026-07-22T21:00:00","slug":"river-city-bank-reports-net-income-of-19-6-million-for-the-second-quarter-of-2026-and-a-quarterly-cash-dividend","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=42735","title":{"rendered":"River City Bank Reports Net Income of $19.6 Million for the Second Quarter of 2026 and a Quarterly Cash Dividend"},"content":{"rendered":"

SACRAMENTO, Calif.--(BUSINESS WIRE)--$RCBC<\/a> #earnings<\/a>--River City Bank (\"the Bank\") reported net income of $19.6 million or $1.37 per share for the quarter ended June 30, 2026, which compares to $15.4 million, or $1.05 per share, for the same period in 2025. Net income was $37.6 million or $2.60 per share for the six months ended June 30, 2026, which compares to $27.7 million, or $1.89 per share, for the six months ended June 30, 2025. The Bank\u2019s earnings for the quarter ended June 30, 2026 resulted in a 13.92% return on average equity and a 1.28% return on average assets. The Bank\u2019s book value per share rose to $40.58 as of June 30, 2026 from $35.61 per share as of June 30, 2025, an increase of 14%.<\/p><\/a><\/a>

\nSecond Quarter Highlights<\/span><\/strong><\/p>

\nPerformance and operating highlights for the Bank for the periods noted below included the following:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\nFor the Three Months Ended<\/strong><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\nJune 30, 2026<\/strong><\/p><\/td>

\n\u00a0<\/p><\/td>

\nMarch 31, 2026<\/strong><\/p><\/td>

\n\u00a0<\/p><\/td>

\nJune 30, 2025<\/strong><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n($ in thousands, except per share data)<\/i><\/strong><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nReturn on average assets (\"ROAA\")<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1.28<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1.22<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1.16<\/p><\/td>

\n%<\/p><\/td><\/tr>\n

\nReturn on average equity (\"ROAE\")<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n13.92<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n13.07<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n12.22<\/p><\/td>

\n%<\/p><\/td><\/tr>\n

\nEfficiency ratio<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n29.44<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n32.10<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n33.50<\/p><\/td>

\n%<\/p><\/td><\/tr>\n

\nCore pre-credit provision, pre-tax income (1)<\/sup><\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n25,433<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n24,599<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n25,673<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nNet income<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n19,616<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n17,946<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n15,411<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nEarnings per share<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.37<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.24<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.05<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nBook value per share<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n40.58<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n39.37<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n35.61<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nWeighted average shares outstanding<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n14,341,273<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n14,517,560<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n14,647,651<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCommon shares outstanding at end of period<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n13,994,875<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n14,323,381<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n14,322,040<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n(1)<\/sup> See the section entitled \u201cNon-GAAP Reconciliation\u201d for a reconciliation of this non-GAAP financial measure.<\/p><\/td><\/tr>\n<\/table>

\n\u201cThe Bank continues to perform at a high level, as reflected in the metrics of growth in book value per share, return on average equity, return on average assets, and operating efficiency,\u201d said Steve Fleming, President and Chief Executive Officer. \u201cThe Bank delivered strong operating results in the second quarter of 2026, as evidenced by the earnings per share of $1.37 and continued compounding of book value per share. In addition, credit quality remains pristine as we have not suffered any material losses on loans originated since the current management team took over in 2008. Maintaining our best-in-class operating efficiency and credit culture are integral to our business model.\"<\/p>

\n\u201cOperational efficiency remains a core competency for the Bank, as evidenced by our second quarter 2026 efficiency ratio of 29%,\u201d said Brian Killeen, Chief Financial Officer of River City Bank. \u201cWe view this operational efficiency as a competitive advantage, contributing to sustained profitability and growth in shareholder value. In addition, the Bank continues to maintain high levels of liquidity with $1.4 billion of cash and investments combined with $2.2 billion in available borrowing capacity as of June 30, 2026. The Bank\u2019s high quality, short duration investment securities portfolio continues to perform well with a very low unrealized loss position of 0.8% as of June 30, 2026.\u201d<\/p>

\nFinancial Highlights<\/span><\/strong><\/p>

\nFinancial highlights as of and during the three and six months ended June 30, 2026 compared to the same periods in the prior year included the following:<\/p>