White River Bancshares Co Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2019; Provides Revenue Guidance for the Remainder of the Year 2019
For nine months, net income increased 10.1% to $4.01 million, or $4.11 per diluted share, compared to $3.6 million, or $4.10 per diluted share, in the first nine months of 2018. Net interest income increased 9.4% to $18.0 million, compared to $16.4 million in the first nine months of 2018.
While operating results were lower compared to the prior quarter, mainly due to writedowns on foreclosed assets, the company expects to generate strong revenue for the remainder of the year.