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Core Viewpoint - Riverview Bancorp, Inc. (RVSB) is experiencing significant implied volatility in its options market, particularly with the Dec 19, 2025 $01.00 Call, indicating potential for a major price movement in the near future [1]. Company Analysis - Riverview Bancorp is currently rated as Zacks Rank 4 (Sell) within the Financial - Savings and Loan Industry, which is positioned in the top 40% of the Zacks Industry Rank [3]. - Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while one analyst has lowered their estimate, resulting in a decrease in the Zacks Consensus Estimate from six cents per share to four cents per share [3]. Options Market Insights - The high implied volatility suggests that options traders are anticipating a significant price movement for Riverview Bancorp, which could indicate an upcoming event that may lead to either a rally or a sell-off [2][4]. - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4].

Financial Performance - For the three months ended September 30, 2025, net income was $1,099,000, a decrease of 29.4% compared to $1,557,000 for the same period in 2024[13] - Net income for the six months ended September 30, 2025, was $2,324,000, compared to $2,523,000 for the same period in 2024, representing a decrease of 7.9%[17] - The company reported a basic earnings per share of $0.05 for the three months ended September 30, 2025, down from $0.07 in 2024[13] - For the six months ended September 30, 2025, the basic EPS was $0.11, compared to $0.12 for the same period in 2024, reflecting a decrease of 8.33%[32] - Comprehensive income for the three months ended September 30, 2025, was $2,556,000, compared to $5,261,000 in 2024, indicating a significant decline[14] Income and Expenses - Total interest and dividend income for the six months ended September 30, 2025, was $30,747,000, an increase of 4.8% from $29,341,000 in 2024[13] - Non-interest income for the three months ended September 30, 2025, was $3,840,000, slightly down from $3,841,000 in 2024[13] - Total non-interest expense increased to $12,226,000 for the three months ended September 30, 2025, up from $10,701,000 in 2024, reflecting a rise of 14.2%[13] - Cash dividends paid on common stock for the six months ended September 30, 2025, totaled $838,000, down from $1,688,000 in 2024, a reduction of 50.3%[17] - Stock-based compensation expense for the six months ended September 30, 2025, was $318,000, compared to $52,000 in 2024, indicating a significant increase of 513.5%[17] Shareholders' Equity - Total shareholders' equity as of September 30, 2025, was $163,537,000, an increase from $160,014,000 as of March 31, 2025[12] - Total shareholders' equity as of September 30, 2025, was $163,537,000, up from $160,774,000 as of September 30, 2024, reflecting an increase of 1.1%[16] Cash Flow - Net cash provided by operating activities increased significantly to $16,058,000 for the six months ended September 30, 2025, compared to $6,200,000 in 2024, an increase of 158.1%[17] - Cash and cash equivalents at the end of the period increased to $32,809,000 from $30,960,000, marking an increase of 6.0%[17] Loans and Credit Losses - As of September 30, 2025, total loans receivable amounted to $1,070,191,000, an increase from $1,062,460,000 as of March 31, 2025[46] - The allowance for credit losses (ACL) for loans was $15,427,000 at September 30, 2025, compared to $15,374,000 at March 31, 2025[46] - The provision for credit losses was $0 for the six months ended September 30, 2025, compared to $100,000 in 2024[13] - Non-accrual loans totaled $4,288,000 as of September 30, 2025, with $776,000 classified as non-accrual and $3,512,000 past due[71] - The company had no loans modified related to borrowers experiencing financial difficulty during the six months ended September 30, 2025[50] Investment Securities - As of September 30, 2025, the total available for sale investment securities had a fair value of $118,447, down from an amortized cost of $132,621[33] - The total held to maturity investment securities had a fair value of $169,312, with an amortized cost of $192,759 as of September 30, 2025[36] - The total available for sale securities had an estimated fair value of $116,593,000 with unrealized losses of $(14,193,000) as of September 30, 2025[38] - The total held to maturity securities had an estimated fair value of $175,392,000 with unrealized losses of $(27,687,000) as of September 30, 2025[45] Borrowings and Debentures - FHLB advances decreased to $52,300,000 as of September 30, 2025, from $76,400,000 as of March 31, 2025, with a weighted average interest rate of 4.58%[77] - The total amount outstanding for junior subordinated debentures is $27,135,000, with a fair value of $19,758,000[95] - The company recorded interest expense on debentures, with Statutory Trust I having an initial rate of 5.88% and a current rate of 5.94%[82] Risk Management - The company considers its loan portfolio to have very little exposure to sub-prime mortgage loans[47] - The company monitors credit risk using a risk rating system for all commercial loans, with ratings ranging from 1 to 9[51] - The company’s ACL for loans is based on ongoing quarterly assessments of known and inherent risks in the loan portfolio, with regulatory agencies periodically reviewing the ACL[68]

Financial Performance - Riverview Bancorp reported net income of $1.1 million, or $0.05 per diluted share, for the second fiscal quarter of 2026, a decrease from $1.6 million, or $0.07 per diluted share, in the same quarter last year[2]. - Net interest income was $9.8 million for the quarter, up from $8.9 million in the second fiscal quarter of 2025, with a net interest margin of 2.76%, an increase of 30 basis points year-over-year[8][9]. - Non-interest income remained stable at $3.8 million, with an increase attributed to an employee retention tax credit and a fintech referral partnership distribution[12]. - Non-interest expense rose to $12.2 million, primarily due to higher salaries and benefits, reflecting investments in relationship banking teams[14]. - Riverview's effective tax rate for the second fiscal quarter was 21.2%, slightly up from 21.4% in the same quarter last year[15]. - Net income for the quarter ended September 30, 2025, was $1,099,000, with pre-tax, pre-provision income of $1,395,000[33]. - Basic earnings per share for the three months ended September 30, 2025, were $0.05, down from $0.07 in the same quarter of 2024[40]. - Basic earnings per share for the three months ended September 30, 2025, was $0.05, a decrease from $0.06 in the previous quarter[44]. Loan and Deposit Activity - Total loans increased by $2.1 million to $1.07 billion compared to the previous quarter, with new loan originations totaling $56.4 million, nearly double the amount from the preceding quarter[16]. - The loan pipeline reached $78.5 million, up from $72.0 million in the previous quarter and significantly higher than $43.5 million a year ago[16]. - Total deposits increased by $26.5 million to $1.24 billion, driven by higher customer demand for CDs and interest checking accounts[20]. - Total deposits as of September 30, 2025, were $1,236,424,000, up from $1,237,499,000 a year earlier, showing a slight decrease of 0.1%[41]. - Average deposits for the six months ended September 30, 2025, were $1,211,682,000, slightly down from $1,214,407,000 for the same period in 2024[41]. Asset Quality and Credit Losses - As of September 30, 2025, non-performing loans totaled $776,000, representing 0.07% of total loans, an increase from $143,000 (0.01%) at June 30, 2025[23]. - Riverview recorded $1,000 in net loan recoveries for the current quarter, compared to $52,000 in the preceding quarter[24]. - The allowance for credit losses was $15.4 million, representing 1.44% of total loans as of September 30, 2025[26]. - The allowance for credit losses was reported at $15,427,000, consistent with the previous quarter[39]. - Non-performing loans increased to $776,000 as of September 30, 2025, from $450,000 a year earlier, resulting in a non-performing loans to total loans ratio of 0.07%[41]. - Total non-performing assets were $776,000 as of September 30, 2025, unchanged from the previous period[43]. Capital and Liquidity - Shareholders' equity increased to $163.5 million, with tangible book value per share rising to $6.51, compared to $6.33 a year earlier[22]. - Riverview maintained a total risk-based capital ratio of 16.51% and a Tier 1 leverage ratio of 11.26% at September 30, 2025[27]. - Available liquidity was approximately $496.1 million, including $207.6 million from FHLB and $288.5 million from the Federal Reserve Bank[28]. - The uninsured deposit ratio was 23.2% at September 30, 2025, with available liquidity covering 160.0% of estimated uninsured deposits[29]. - Tangible common equity to average tangible assets ratio was 9.20% at September 30, 2025[27]. - The total capital ratio to risk-weighted assets was 16.51% as of September 30, 2025, compared to 16.14% a year earlier, indicating a strengthening of capital position[41]. Strategic Focus and Risks - The company is focused on sustainable growth, digital innovation, and operational efficiencies as part of its three-year strategic plan[6]. - The company highlighted potential risks including economic conditions, credit risks, and regulatory changes that could impact future performance[37]. Market Performance - The market price per share closed at $5.37 on September 30, 2025, compared to $5.50 at the end of the previous quarter[44].

Core Insights - Riverview Bancorp (RVSB) reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.06 per share, and down from $0.07 per share a year ago, representing an earnings surprise of -16.67% [1] - The company posted revenues of $13.62 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.15%, and up from $12.78 million year-over-year [2] - Riverview Bancorp shares have declined approximately 9.8% year-to-date, contrasting with the S&P 500's gain of 16.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $14 million, and for the current fiscal year, it is $0.24 on revenues of $54.9 million [7] - The estimate revisions trend for Riverview Bancorp was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Financial - Savings and Loan industry, to which Riverview Bancorp belongs, is currently in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - Riverview Bancorp reported a net income of $1.1 million, or $0.05 per diluted share, for the second fiscal quarter of 2026, a decrease from $1.2 million in the previous quarter and $1.6 million in the same quarter last year [2][3][4] Financial Performance - Net interest income for the quarter was $9.8 million, up from $8.9 million in the same quarter last year, with a net interest margin of 2.76%, an increase from 2.46% year-over-year [2][8][9] - Non-interest income remained stable at $3.8 million, similar to the previous year, while non-interest expenses increased to $12.2 million from $10.7 million a year ago [2][15][13] - The efficiency ratio was reported at 89.8%, indicating a rise from 83.7% in the same quarter last year [15] Credit Quality - Non-performing loans were $776,000, or 0.07% of total loans, reflecting an increase from $143,000, or 0.01%, in the previous quarter [25][26] - The allowance for credit losses was $15.4 million, representing 1.44% of total loans [28] Balance Sheet Highlights - Total loans increased by $2.1 million to $1.07 billion, with new loan originations totaling $56.4 million, nearly double the previous quarter [17][18] - Total deposits rose by $26.5 million to $1.24 billion, driven by higher customer demand for CDs and interest checking accounts [22] Capital and Liquidity - Shareholders' equity increased to $163.5 million, with a tangible book value per share of $6.51 [24][35] - The company maintains strong capital levels with a total risk-based capital ratio of 16.51% and a Tier 1 leverage ratio of 11.26% [29][30] Strategic Focus - The company is executing a three-year strategic plan aimed at sustainable growth, digital innovation, and operational efficiency [5][6] - The loan pipeline reached $78.5 million, indicating strong demand for loans across various markets [17]

Group 1 - Riverview Bancorp, Inc. (NASDAQ:RVSB) is highlighted as one of the 10 Best Bank Penny Stocks to Buy Right Now, indicating significant hedge fund interest [1] - The company's Executive Vice President and Chief Financial Officer, David Lam, purchased 1,000 shares of common stock at $4.93 each, totaling $4,930, which reflects confidence in the company's prospects [2] - Following this transaction, Lam's direct holdings increased to over 72,000 shares, indicating a substantial personal investment in the company [3] Group 2 - Riverview Bancorp, Inc. offers a variety of deposit products, including demand, money market, savings, and retirement accounts, across its regional footprint, showcasing its diverse service offerings [4]

Financial Data and Key Metrics Changes - Riverview Bancorp reported a net income of $4,900,000 for FY 2025, an increase of 29% from the previous year [23][28] - The total risk-based capital ratio was reported at 16.48%, with a leverage ratio of 11.1% as of March 31, 2025 [24][32] - The loan portfolio grew by nearly 4% year-over-year, with a total balance exceeding $1,000,000,000 [23][29] Business Line Data and Key Metrics Changes - The loan portfolio increased by over $38,000,000 between March 31, 2024, and March 31, 2025, reflecting a growth of approximately 13% [29] - The loan pipeline reached $90,000,000, the strongest it has ever been, contributing to increased loan production and expanding net interest margin [23][30] Market Data and Key Metrics Changes - Deposits were reported at $1,210,000,000 as of June 2025, slightly down from March 2025 due to normal seasonality, but overall deposits remained steady [30][31] - Riverview Bancorp was added to the Russell 3000 Index and Russell 2000 Index, enhancing visibility within the institutional investment community [24][25] Company Strategy and Development Direction - The company has launched a three-year strategic plan focusing on becoming the preferred banking institution in the Pacific Northwest, emphasizing employer choice, profitable growth, client experience, data empowerment, and digital experience [16][15] - Recent strategic updates to the finance team were announced to enhance financial operations, indicating a commitment to strong leadership and operational efficiency [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate complex market challenges and seize new opportunities, highlighting the importance of community relationships [21][22] - The company remains focused on driving return on assets and operational efficiency, viewing these as revenue opportunities rather than expense issues [22][23] Other Important Information - Riverview Bancorp has maintained a dividend for 42 consecutive quarters, indicating a commitment to returning capital to shareholders [34] - The company is actively involved in community service, with team members dedicating hours to various nonprofit organizations [34][35] Q&A Session Summary Question: Were there any questions from shareholders? - There were no questions submitted during the meeting [10][37]

Financial Data and Key Metrics Changes - Riverview Bancorp reported a net income of $4,900,000 for FY 2025, an increase of 29% from the previous year [22][27] - The total capital ratio increased from 16.48% to 16.56%, and the leverage ratio rose from 11.1% to 11.16% [32][33] Business Line Data and Key Metrics Changes - The loan portfolio grew by nearly 4% year-over-year, with a total balance exceeding $1,000,000,000 [22][28] - The loan pipeline reached $90,000,000, the strongest it has ever been, contributing to increased loan production and expanding net interest margin [22][30] Market Data and Key Metrics Changes - Deposits were at $1,210,000,000 as of June 2025, slightly down from March 2025 due to normal seasonality, but overall deposits remained steady [30] - Riverview was added to the Russell 3000 Index and Russell 2000 Index, enhancing visibility within the institutional investment community [23][24] Company Strategy and Development Direction - The company has launched a three-year strategic plan focusing on being the preferred place to bank and work in the Pacific Northwest, with five key categories: employer of choice, profitable growth, client experience, data empowerment, and digital experience [16][21] - Recent strategic updates to the finance team were announced to enhance financial operations, indicating a commitment to strong leadership and operational efficiency [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market challenges and seize new opportunities, emphasizing the importance of community relationships [20][21] - The company remains focused on driving return on assets and operational efficiency, viewing this as a revenue opportunity rather than an expense issue [21] Other Important Information - Riverview has maintained an allowance for credit losses at 1.44% of total loans, reflecting strong asset quality and minimal net charge-offs [33] - The company has paid dividends for 42 consecutive quarters, demonstrating a commitment to returning capital to shareholders [34] Q&A Session Summary Question: Were there any questions from shareholders? - There were no questions submitted during the meeting [10][36]

Core Insights - Riverview Bancorp, Inc. has made strategic leadership updates in its accounting and finance teams to enhance financial operations [1][2] - Graham Clancy has been appointed as Senior Vice President and Director of Finance, while Phung Le has been promoted to Senior Vice President and Controller [1][3] - These changes are part of the company's commitment to strengthen its financial strategy and support its next stage of strategic growth [2][4] Leadership Changes - Graham Clancy brings over 14 years of experience in finance and accounting, previously serving as Vice President and Senior Finance Officer at Heritage Bank [2][3] - Phung Le has over 10 years of accounting experience and has been with Riverview since 2019, most recently as Vice President and Assistant Controller [3][4] - The promotion of Phung Le follows the retirement of Wendy Beck, who has been with the company for over 36 years [4] Company Overview - Riverview Bancorp, Inc. is headquartered in Vancouver, Washington, with assets of $1.52 billion as of June 30, 2025 [5] - The company operates Riverview Bank and Riverview Trust Company, providing community banking services through 17 branches [5] - Riverview has been recognized as the Best Bank by readers of The Vancouver Business Journal and The Columbian for the past 11 years [5]