Riverview Bancorp Reports Net Income of $1.4 Million in Third Fiscal Quarter 2026

Core Insights - Riverview Bancorp reported a net income of $1.4 million, or $0.07 per diluted share, for the third fiscal quarter ended December 31, 2025, showing an increase from $1.1 million, or $0.05 per diluted share, in the previous quarter and $1.2 million, or $0.06 per diluted share, in the same quarter last year [3][4]. Financial Performance - 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%, an increase from 2.60% year-over-year [10][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 was $12.2 million, compared to $11.2 million in the same quarter last year, reflecting strategic investments in business banking and technology [16]. Asset Quality - Non-performing assets were reported at 0.07% of total assets and 0.10% of total loans as of December 31, 2025, indicating stable credit quality [25][40]. - The allowance for credit losses was $15.3 million, representing 1.41% of total loans, a slight decrease from 1.47% a year earlier [28]. Capital and Liquidity - Shareholders' equity increased to $164.2 million, with a tangible book value per share of $6.62, up from $6.20 a year earlier [24]. - The company maintained a total risk-based capital ratio of 16.35% and a Tier 1 leverage ratio of 11.24%, indicating strong capital levels [29]. Market Position - Riverview Bancorp operates in a dynamic market in Southwest Washington, benefiting from a diversified economy and strong employment levels, which support community-focused lending and deposit growth [8][9]. - The company is focused on expanding commercial and industrial loans, enhancing treasury management platforms, and creating lasting value for shareholders [5][7].