Annual Meeting of Stockholders October 2, 2025 Forward-Looking Statements & Regulation G This presentation includes forward-looking statements relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our control. As a result, our actual results c ...

Financial Data and Key Metrics Changes - Riverview Bancorp reported a net income of $4,900,000 for FY 2025, an increase of 29% from the previous year [22][27] - The total capital ratio increased from 16.48% to 16.56%, and the leverage ratio rose from 11.1% to 11.16% [32][33] Business Line Data and Key Metrics Changes - The loan portfolio grew by nearly 4% year-over-year, with a total balance exceeding $1,000,000,000 [22][28] - The loan pipeline reached $90,000,000, the strongest it has ever been, contributing to increased loan production and expanding net interest margin [22][30] Market Data and Key Metrics Changes - Deposits were at $1,210,000,000 as of June 2025, slightly down from March 2025 due to normal seasonality, but overall deposits remained steady [30] - Riverview was added to the Russell 3000 Index and Russell 2000 Index, enhancing visibility within the institutional investment community [23][24] Company Strategy and Development Direction - The company has launched a three-year strategic plan focusing on being the preferred place to bank and work in the Pacific Northwest, with five key categories: employer of choice, profitable growth, client experience, data empowerment, and digital experience [16][21] - Recent strategic updates to the finance team were announced to enhance financial operations, indicating a commitment to strong leadership and operational efficiency [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market challenges and seize new opportunities, emphasizing the importance of community relationships [20][21] - The company remains focused on driving return on assets and operational efficiency, viewing this as a revenue opportunity rather than an expense issue [21] Other Important Information - Riverview has maintained an allowance for credit losses at 1.44% of total loans, reflecting strong asset quality and minimal net charge-offs [33] - The company has paid dividends for 42 consecutive quarters, demonstrating a commitment to returning capital to shareholders [34] Q&A Session Summary Question: Were there any questions from shareholders? - There were no questions submitted during the meeting [10][36]

Core Viewpoint - Institutional Shareholder Services Inc. (ISS) has recommended that shareholders vote "FOR ALL" of Harley-Davidson's director nominees, concluding that H Partners has not made a compelling case for change and that their campaign has likely hindered the ongoing CEO search process [1][2]. Group 1: Harley-Davidson's Strategy and Performance - The strategy introduced by CEO Jochen Zeitz has positively impacted Harley-Davidson's trajectory, reversing a decline that occurred prior to his leadership [4]. - Harley-Davidson has kept pace with its peers, a significant improvement compared to its prior underperformance before the Hardwire strategy was implemented [4]. - The board's actions in initiating the CEO search process were timely and appropriate, accommodating the dissident's preferences without dismissing them outright [4]. Group 2: Board and Governance - ISS acknowledges the strength of Harley-Davidson's board and governance structure, emphasizing the board's role in overseeing the execution of the Hardwire strategic plan [2]. - The board believes that H Partners' intentions are to undermine corporate governance practices by seeking to appoint unelected directors to influence the CEO search process [2]. - The criticisms against CEO Zeitz are considered overstated, with evidence suggesting his tenure has been more beneficial than detrimental [4]. Group 3: Shareholder Engagement - Harley-Davidson urges shareholders to protect their investment by voting "FOR ALL" of the company's nominees on the WHITE proxy card [5]. - The company has provided resources for shareholders needing assistance with the voting process, including a dedicated proxy solicitor [5].

Financial Data and Key Metrics Changes - Revenues for Q1 2025 were $14,400,000, consistent with targets and the same as Q1 2024 [10][23] - Gross profit was $4,400,000, representing a gross margin of 30.3%, up from $4,100,000 and 28.5% in Q1 2024 [24] - Operating loss decreased to $2,400,000 from $2,700,000 year-over-year, while net loss improved to $2,100,000 from $2,400,000 [25] Business Line Data and Key Metrics Changes - The company reported significant design win momentum, with three new design wins in 2025, including contracts with cybersecurity leaders and a global network test equipment company [12][13][14] - The design wins are expected to generate annual revenues of $2,500,000, $3,000,000, and $2,000,000 respectively at full ramp-up [13][14][16] Market Data and Key Metrics Changes - Geographical revenue breakdown showed North America at 70.8%, Europe and Israel at 14%, and the Far East and Rest of the World at 8% [23] - The top 210%+ customers accounted for about 24% of revenues over the last twelve months [23] Company Strategy and Development Direction - The company aims for a return to solid double-digit growth rates starting in 2026, with long-term financial goals of achieving EPS above $3 based on revenues between $150,000,000 and $160,000,000 [11][19] - A robust pipeline of design wins is expected to drive future growth, with a focus on building long-term relationships with customers [17][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about accelerating revenue growth in 2026 and beyond, citing a strong pipeline and successful design wins [9][20] - The company anticipates low single-digit growth for 2025, with double-digit growth expected for 2026 [20] Other Important Information - The company has a strong balance sheet with $119,000,000 in working capital and marketable securities, including $77,000,000 in cash and no debt [10][25] - The share buyback program saw the purchase of nearly 100,000 shares in Q1 2025, with approximately $8,000,000 remaining in the program [45][46] Q&A Session Summary Question: What milestones are tracked for design wins? - Management outlined milestones including customization, shipping samples, and mass production readiness [28][30][31] Question: Is there increased demand for FPGA-based products? - Management confirmed strong demand across all product lines, particularly in FPGA, and highlighted a strategic partnership for cybersecurity solutions [32][33] Question: What is the impact of tariffs? - Currently, the company's products are exempt from tariffs, and management is monitoring the situation closely [34][35][36] Question: Update on share buyback program? - The company purchased nearly 100,000 shares in Q1 2025, with over $8,000,000 remaining in the buyback program [46][48] Question: Are customers reordering after working off excess inventory? - Management noted some relief in excess inventory issues, with varying responses from customers, and ongoing monitoring of the situation [50][51][52]

Financial Data and Key Metrics Changes - In 2024, the company achieved a record annual net income of $206 million, a 24% increase from the previous year, with a return on equity of 16.2%, up from 14.7% in 2023 [19][11] - The commercial portfolio grew by 18%, reaching $10 billion, while deposits increased by 23% for year-end closing balances and 33% in average balances for the year [7][8] - The net interest income for the year reached $259 million, an 11% increase from the prior year, with a stable net interest margin of 2.47% [34][10] Business Line Data and Key Metrics Changes - The credit portfolio stood at approximately $11.2 billion, reflecting an 18% increase year-over-year, driven by a loan growth of $1.2 billion or 16% [24][22] - Fee income reached unprecedented levels, growing by 37% compared to the previous year, with letters of credit fees totaling $26.5 million for the year, up 24% year-over-year [35][36] - The efficiency ratio improved to 26.5% in 2024, compared to 27.2% in 2023, despite increased expenses related to strategic initiatives [41][42] Market Data and Key Metrics Changes - The company noted strong growth in Brazil, the Dominican Republic, and Guatemala, reflecting robust expansion and diversification [7] - The deposit base closed at $5.4 billion at year-end, representing 54% of total financial liabilities, with significant increases from corporate clients [26][28] - The company executed its largest syndicated loan to date, a $400 million facility, and remained active in the debt capital markets, particularly in Mexico [28][29] Company Strategy and Development Direction - The company is currently in the second phase of its five-year strategic plan, focusing on expanding its product offerings and deploying technological platforms [15][17] - The trade finance platform is 56% complete and expected to launch in the second half of the year, aimed at enhancing transaction processing capabilities [16] - The company anticipates a commercial portfolio growth of 10% to 12% for 2025, with average deposits expected to increase by 15% to 17% [50] Management's Comments on Operating Environment and Future Outlook - Management highlighted the potential negative impact of U.S. immigration policy on remittances and the economic trajectory of Latin America [45][44] - The company expressed confidence in its ability to adapt to new trade dynamics and maintain operational efficiency despite geopolitical uncertainties [49][50] - Projections for 2025 include maintaining an efficiency ratio around 27% and achieving a return on equity between 15% and 16% [51] Other Important Information - The board approved an increase in the quarterly dividend from $0.50 to $0.625 per share, reflecting confidence in the company's earnings trajectory [31][32] - The company recorded no write-offs during the year and recovered $1.4 million from previously written-off credits, indicating strong asset quality [40] Q&A Session Summary Question: Can you comment on NIM contraction estimate for 2025? - Management acknowledged tighter lending spreads and a competitive market environment, with expectations of continued pressure on lending spreads [60][62] Question: What are the potential drivers for the loan structuring syndication business? - Management noted a strong pipeline and historical growth in syndication fees, driven by project finance and infrastructure initiatives [63][64] Question: How do you see the current Trump administration tariffs affecting the outlook? - Management expressed confidence in the resilience of the Mexican portfolio and the ability to adapt to changing trade dynamics [70][71] Question: Why is the guidance for ROE lower for 2026? - Management clarified that the 2026 guidance was based on earlier assumptions of normalized Fed funds rates, but current performance suggests higher profitability potential [76][78] Question: What is the exposure of the loan portfolio to trade with the U.S.? - Management indicated that most exposure is in Mexico, with stress tests showing resilience among low-leverage corporations [81][83] Question: What is the status of the trade finance and treasury platform? - Management confirmed that the platforms will be deployed across all countries of operation, starting with key relationships [82][86]

Financial Data and Key Metrics Changes - In 2024, the company achieved a record annual net income of $206 million, a 24% increase from the previous year, with a return on equity of 16.2%, up from 14.7% in 2023 [19][11] - The commercial portfolio grew by 18%, reaching $10 billion, while deposits increased by 23% for year-end closing balances and 33% in average balances for the year [7][8] - The net interest income for the year reached $259 million, an 11% increase from the prior year, with a stable net interest margin of 2.47% [34][10] Business Line Data and Key Metrics Changes - The credit portfolio stood at approximately $11.2 billion, reflecting an 18% increase year-over-year, driven by a loan growth of $1.2 billion or 16% [24][22] - Fee income reached unprecedented levels, growing by 37% compared to the previous year, with letters of credit fees totaling $26.5 million for the year, up 24% year-over-year [35][36] Market Data and Key Metrics Changes - The company noted strong growth in Brazil, the Dominican Republic, and Guatemala, indicating robust expansion and diversification in these markets [7] - The deposit base closed at $5.4 billion at year-end, representing 54% of total financial liabilities, with significant increases from corporate clients [26] Company Strategy and Development Direction - The company is currently in the second phase of its five-year strategic plan, focusing on expanding its product offerings and deploying technological platforms [15][17] - The trade finance platform is 56% complete and expected to launch in the second half of the year, aimed at enhancing transaction processing capabilities [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in adapting to changes in the trade environment, particularly regarding the implications of U.S. foreign policy on Latin America [44][45] - Projections for 2025 include a commercial portfolio growth of 10% to 12% and average deposits expected to increase by 15% to 17% [50] Other Important Information - The company maintained a strong capital ratio with a tier one capital ratio of 15.5%, well within its defined target [10] - The board approved an increase in the quarterly dividend from $0.50 to $0.625 per share, reflecting confidence in the company's earnings trajectory [31] Q&A Session Summary Question: Can you comment on NIM contraction estimate for 2025? - Management indicated that tighter lending spreads and competitive market conditions are contributing factors, with expectations of continued pressure [60][62] Question: What are the potential drivers for the loan structuring syndication business? - Management noted a strong pipeline and historical growth in syndication fees, driven by project finance and enhanced structuring capabilities [63][64] Question: How do you see the current tariffs affecting the company's outlook? - Management expressed confidence in the resilience of the Mexican portfolio, with stress tests indicating low leverage among key clients [70][71] Question: What is the expected target for provisions in 2025? - Management projected reserves for 2025 to be in the $17 to $20 million range, similar to 2024 levels [95] Question: What countries are expected to lead portfolio growth in 2025? - Management indicated balanced growth across countries, with a focus on Mexico and potential opportunities in Central America and Argentina [92][94]