Financial Performance - Riverview Bancorp reported net income of $1.4 million, or $0.07 per diluted share, for the third fiscal quarter of 2026, an increase from $1.1 million, or $0.05 per diluted share, in the previous quarter[3]. - Net income for the three months ended December 31, 2025, was $1,377 million, compared to $1,099 million for the previous quarter, representing a 25.3% increase[41]. - Basic earnings per share rose to $0.07 for the three months ended December 31, 2025, compared to $0.05 for the previous quarter[45]. Income and Expenses - Net interest income for the quarter was $10.5 million, up from $9.4 million in the same quarter last year, with a net interest margin of 2.96%, compared to 2.60% in the third quarter of fiscal 2025[3][11]. - Non-interest income was $3.5 million for the quarter, slightly up from $3.3 million in the same quarter last year[14]. - Non-interest expense remained flat at $12.2 million compared to the previous quarter but increased from $11.2 million a year ago[16]. Asset and Loan Growth - Total loans increased by $15.1 million to $1.07 billion compared to the previous quarter, with new loan originations totaling $36.7 million[18]. - Total commercial and construction loans reached $956,594 as of December 31, 2025, compared to $949,251 in the previous quarter[43]. - Average loans for the three months ended December 31, 2025, were $1,080,560, an increase from $1,060,643 in the previous quarter[42]. Credit Quality - Non-performing assets were $1.1 million, or 0.07% of total assets, reflecting stable credit quality metrics[25]. - Non-performing loans were $1.129 million at December 31, 2025, representing 0.10% of total loans[36]. - The allowance for credit losses was $15.3 million at December 31, 2025, representing 1.41% of total loans, down from 1.44% at September 30, 2025, and 1.47% a year earlier[28]. Capital and Liquidity - Shareholders' equity increased to $164.2 million, with tangible book value per share rising to $6.62[24]. - Riverview maintained a total risk-based capital ratio of 16.35% and a Tier 1 leverage ratio of 11.24% at December 31, 2025, indicating strong capital levels[29]. - Available liquidity was approximately $515.5 million at December 31, 2025, including $227.2 million from FHLB and $288.3 million from the Federal Reserve Bank[30]. Operational Efficiency - The efficiency ratio improved to 86.9% from 89.8% in the previous quarter, indicating better operational efficiency[16]. - Return on average assets increased to 0.36% for the nine months ended December 31, 2025, up from 0.29% for the three months ended September 30, 2025[45]. Market and Shareholder Information - Market price per share closed at $5.02 at the end of the period, down from $5.37 at the end of the previous quarter[45]. - Cash dividends declared per share remained steady at $0.0200 for the three months ended December 31, 2025, consistent with the previous quarter[45].

Core Viewpoint - Riverview Bancorp, Inc. has announced a stock repurchase program aimed at enhancing shareholder value by repurchasing up to $4.0 million of its outstanding shares [1][2][3] Group 1: Stock Repurchase Program - The company plans to repurchase shares in the open market or through privately negotiated transactions, with the program effective until the earlier of completion or 12 months from the effective date [2] - The decision to double the size of the stock repurchase program reflects a disciplined approach to deploying excess capital and is seen as a prudent use of capital to strengthen shareholder value [3] Group 2: Management and Trading Plan - The Board of Directors has authorized management to enter into a trading plan with Keefe, Bruyette & Woods, Inc. under Rule 10b5-1 to facilitate the repurchase of common stock [4] - This plan allows the company to execute trades during periods when it might otherwise be restricted due to possession of material non-public information or insider trading laws [4] Group 3: Company Overview - Riverview Bancorp, Inc. is headquartered in Vancouver, Washington, with assets totaling $1.51 billion as of December 31, 2025, and operates 17 branches [5] - The company has been recognized as the Best Bank by readers of local publications for the past 11 years, indicating a strong community presence and customer satisfaction [5]

Riverview Bancorp (RVSB) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +75.00%. A quarter ago, it was expected that this holding company for Riverview Community Bank would post earnings of $0.06 per share when it actually produced earnings of $0.05, delivering a surprise of -16.67%. ...

FISCAL Q3 2026 HIGHLIGHTS $1.4 MillionNet Income$0.07Diluted Earnings per Common Share$6.62Tangible Book Value per Share0.07%NPAs to Total Assets Fiscal Third Quarter Comparison Highlights Net Interest Income and Net Interest Margin $10.5 million net interest income for the quarter compared to $9.4 million in Fiscal Q3 2025Net interest margin at 2.96% for the quarter compared to 2.60% in Fiscal Q3 2025 Credit Quality Non-performing assets at 0.07% of total assets and 0.03% of total loans in Fiscal Q3 2026$ ...

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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]