Core Insights - Riverview Bancorp (RVSB) reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $0.07 per share a year ago, representing a 50% earnings surprise [1] - The company posted revenues of $12.73 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.02% and up from $12.38 million year-over-year [2] - Riverview Bancorp shares have underperformed the market, losing about 1.7% since the beginning of the year compared to the S&P 500's gain of 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $12.7 million, and for the current fiscal year, it is $0.18 on revenues of $49.6 million [7] - The estimate revisions trend for Riverview Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Financial - Savings and Loan industry, to which Riverview Bancorp belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]
Riverview Bancorp (RVSB) Surpasses Q3 Earnings and Revenue Estimates