Riverview Bancorp Reports Net Income of $1.2 Million in First Fiscal Quarter 2026

Financial Performance - Riverview Bancorp reported earnings of $1.2 million, or $0.06 per diluted share, for the first fiscal quarter ended June 30, 2025, an increase from $1.1 million, or $0.05 per diluted share, in the previous quarter and $966,000, or $0.05 per diluted share, in the same quarter last year [1][39] - Net interest income rose to $9.8 million in the current quarter, compared to $9.2 million in the preceding quarter and $8.8 million in the first fiscal quarter a year ago [4][39] - The net interest margin (NIM) improved to 2.78%, a 13 basis point increase from 2.65% in the previous quarter and a 31 basis point increase from 2.47% in the same quarter last year [5][39] Loan and Deposit Activity - Total loans increased by $5.6 million to $1.07 billion at June 30, 2025, compared to $1.06 billion three months earlier and $1.05 billion a year earlier [12] - The loan pipeline was $72.0 million at June 30, 2025, up from $41.1 million at the end of the previous quarter and $32.3 million a year ago [12] - Total deposits decreased by $22.4 million to $1.21 billion at June 30, 2025, compared to $1.23 billion at March 31, 2025, and decreased by $9.8 million compared to a year ago [15] Credit Quality - Non-performing loans totaled $143,000, or 0.01% of total loans, as of June 30, 2025, unchanged from the previous quarter and down from $160,000, or 0.04% of total loans, a year ago [18] - The allowance for credit losses remained stable at $15.4 million, representing 1.44% of total loans [21] Strategic Initiatives - The company is focused on enhancing operational performance and expanding digital capabilities as part of a three-year strategic plan [2][3] - Riverview Bancorp was added to the Russell 3000 and Russell 2000 Indexes, enhancing visibility within the institutional investment community [3] Shareholder Returns - The company paid a cash dividend of $0.02 per share on July 22, 2025, to shareholders of record on July 10, 2025 [17] - Shareholders' equity increased to $162.0 million at June 30, 2025, compared to $160.0 million three months earlier and $155.9 million a year earlier [17]