White River Bancshares Co. Earns a $1.83 million, or $0.75 Per Diluted Share, in 4Q24 and $6.93 Million, or $3.03 Per Diluted Share for the Year

FAYETTEVILLE, Ark., Jan. 22, 2025 (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 to $1.83 million, or $0.75 per diluted share, in the fourth quarter of 2024, compared to $788,000, or $0.40 per diluted share, in the fourth quarter of 2023. In the preceding quarter, the Company earned $2.74 million, or $1.12 per diluted share. For the full year of 2024, net income increased to $6.93 million, or $3.03 per diluted share, compared to $2.55 million, or $1.28 per diluted share, for the year 2023. All financial results are unaudited and all per share data has been adjusted to reflect the two-for-one stock split issued September 4, 2024.