Financial Performance - Riverview Bancorp reported net income of $1.6 million, or $0.07 per diluted share, for Q2 FY2025, down from $2.5 million, or $0.12 per diluted share, in the same quarter last year[1]. - Net income (GAAP) for the quarter was $1,557 thousand, compared to $966 thousand in the previous quarter and $2,523 thousand in the same quarter last year[10]. - Net income for the quarter was not specified, but the overall financial health appears stable with a focus on maintaining asset quality[14]. - Basic earnings per share for the three months ended September 30, 2024, was $0.07, compared to $0.05 for the previous quarter, reflecting a 40% increase[15]. - Basic earnings per share increased to $0.07 from $0.05 in the previous quarter and $0.12 a year ago[24]. Income and Revenue - Net interest income for the quarter was $8.9 million, slightly up from $8.8 million in the previous quarter but down from $9.9 million a year ago[2]. - Non-interest income rose to $3.8 million, an increase of $474,000 from the previous quarter and the same quarter last year[2]. - Total interest and dividend income for the three months ended September 30, 2024, was $14,942,000, an increase of 6.5% compared to $14,035,000 for the same period in 2023[15]. - Net interest income after provision for credit losses was $8,842,000 for the three months ended September 30, 2024, compared to $9,851,000 for the same period in 2023, reflecting a decrease of 10.2%[15]. - Non-interest income for the three months ended September 30, 2024, totaled $3,841,000, a decrease of 2.0% from $3,407,000 in the same period last year[15]. Loans and Deposits - Total loans increased by $15.9 million to $1.06 billion compared to the previous quarter and rose by $45.4 million year-over-year[4]. - Total deposits increased by $17.8 million to $1.24 billion compared to the previous quarter, remaining stable year-over-year[4]. - Loans receivable (GAAP) increased to $1,060,977 thousand from $1,045,065 thousand in June 2024 and $1,015,625 thousand in September 2023[10]. - Total deposits reached $1,237,499 million, up from $1,219,679 million in June 2024 and slightly down from $1,239,766 million in September 2023[18]. - Average loans for the three months ended September 30, 2024, were $1,048,536,000, compared to $1,027,777,000 for the previous quarter, indicating a growth of 2.5%[16]. Asset Quality and Credit Losses - The allowance for credit losses was $15.5 million, representing 1.46% of total loans, compared to 1.51% a year earlier[5]. - Non-performing loans (GAAP) were $450 thousand, slightly down from $461 thousand in the previous quarter and significantly up from $198 thousand in September 2023[11]. - The allowance for credit losses to loans receivable (GAAP) was 1.46%, a slight decrease from 1.47% in June 2024 and down from 1.51% in September 2023[10]. - The allowance for credit losses increased to $15,466 million from $15,364 million in June 2024 and $15,346 million in September 2023[20]. - The allowance for credit losses to non-performing loans ratio was 3436.89% as of September 30, 2024, compared to 3332.75% in June 2024 and 7750.51% in September 2023[17]. Capital and Equity - Riverview's total risk-based capital ratio was 16.14% and Tier 1 leverage ratio was 10.72% as of September 30, 2024[6]. - Shareholders' equity (GAAP) increased to $160,774 thousand as of September 30, 2024, up from $155,908 thousand in June 2024, and $152,039 thousand in September 2023[9]. - Tangible shareholders' equity (non-GAAP) rose to $133,477 thousand, compared to $128,586 thousand in June 2024 and $124,638 thousand in September 2023[9]. - Total liabilities stood at $1,387,623,000, up from $1,382,352,000 in the prior quarter, indicating a marginal increase of 0.2%[14]. - The Tier 1 capital ratio was 14.88% as of September 30, 2024, compared to 14.93% in June 2024 and 15.66% in September 2023[17]. Operational Efficiency - The efficiency ratio improved to 83.7% from 90.0% in the previous quarter but was higher than 76.1% a year ago[3]. - Return on average assets increased to 0.40% compared to 0.25% in the previous quarter and 0.62% a year ago[24]. - Return on average equity rose to 3.90% from 2.49% in the previous quarter and 6.33% a year ago[24]. - Total non-interest expense for the three months ended September 30, 2024, was $10,701,000, an increase of 6.1% compared to $10,089,000 for the same period in 2023[15]. - Total yield on interest-earning assets improved to 4.11% from 4.02% in the previous quarter and 3.75% a year ago[24]. Market and Future Outlook - Riverview has expressed concerns regarding potential adverse impacts from economic conditions, including inflation and geopolitical instability, which could affect future performance[13]. - The company continues to explore market expansion opportunities, although specific new strategies were not detailed in the report[14]. - Future guidance was not explicitly provided, but the company remains optimistic about maintaining growth in loans and deposits[14]. - The company initiated a stock repurchase program allowing for the repurchase of up to $2.0 million of its common stock[6]. - Market price per share closed at $4.71, up from $3.99 in the previous quarter but down from $5.56 a year ago[24].

Core Viewpoint - Riverview Bancorp reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $0.12 per share a year ago, indicating a 75% earnings surprise [1] Group 1: Earnings Performance - The company posted revenues of $12.78 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.78%, but down from $13.26 million year-over-year [1] - Riverview Bancorp has surpassed consensus EPS estimates two times over the last four quarters [1] - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $12.5 million, and for the current fiscal year, it is $0.16 on revenues of $49.4 million [4] Group 2: Stock Performance and Outlook - Riverview Bancorp shares have declined approximately 27.7% since the beginning of the year, contrasting with the S&P 500's gain of 21.5% [2] - The estimate revisions trend for Riverview Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] - The company's earnings outlook will be influenced by management's commentary during the earnings call, which is crucial for understanding future stock movements [2][3] Group 3: Industry Context - The Financial - Savings and Loan industry, to which Riverview Bancorp belongs, is currently in the top 23% of over 250 Zacks industries, suggesting a favorable industry outlook [5] - Another company in the same industry, Provident Financial, is expected to report quarterly earnings of $0.25 per share, with a 7.7% upward revision in the consensus EPS estimate over the last 30 days [5]

Exhibit 99.1 Contact: Nicole Sherman, President & CEO Dan Cox, COO David Lam, CFO 360-693-6650 Riverview Bancorp Reports First Fiscal Quarter 2025 Financial Results Vancouver, WA – July 25, 2024 - Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) ("Riverview" or the "Company") today reported earnings of $966,000, or $0.05 per diluted share, in the first fiscal quarter ended June 30, 2024, compared to $2.8 million, or $0.13 per diluted share, in the first fiscal quarter a year ago. On June 21, 2024, the Company ann ...

This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this holding company for Riverview Community Bank would post earnings of $0.03 per share when it actually produced earnings of $0.04, delivering a surprise of 33.33%. Riverview Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $12.19 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.10%. This compares to year-ago revenues of $13.64 ...

"We recognize the importance and impact of the dividend reduction to all of our shareholders, and it was a difficult decision. We believe this is the prudent decision as it allows us to continue to execute on both our short-term and long-term objectives," said Gerald L. Nies, Chairman of the Board. Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington – just north of Portland, Oregon on the I-5 corridor. With assets of $1.52 billion at March 31, 2024, it is the parent com ...

Additionally, Ms. Sherman has led through 10 successful mergers and acquisitions throughout her career. Known for her paramount presentation style, she is a Keynote and Transformational Speaker. Since 2003, Ms. Sherman has been a top-rated faculty member at Pacific Coast Banking School (PCBS) at the University of Washington, Foster School of Business and was named 2023 Instructor of the Year. "With over 25 years of proven experience growing community banking organizations, including the past 20 years in the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ TO _________ Commission File Number: 000-22957 RIVERVIEW BANCORP, INC. (Exact name of registrant as specified in its charter) Washington 91-1838969 Securities registered pursuant to Section 12(b) of the Act: (State or other jurisdiction of incorporation or organization) (I.R.S ...

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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-a ...

Exhibit 99.1 Contact: Dan Cox or David Lam Riverview Bancorp, Inc. 360-693-6650 Riverview Bancorp Reports Fourth Fiscal Quarter 2024 and Fiscal Year 2024 Financial Results; Announces Balance Sheet Restructuring Vancouver, WA – April 25, 2024 - Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) ("Riverview" or the "Company") today announced that late in the fourth fiscal quarter of 2024 it strategically restructured a portion of its balance sheet by selling approximately $46.2 million of its investment securities po ...