Quarterly ResultJul 28, 2026, 04:05 PM
RIVERVIEW BANCORP Q1 Net Income $1.7M; Diluted EPS $0.08
AI Summary
RIVERVIEW BANCORP reported a net income of $1.7 million, or $0.08 per diluted share, for Fiscal Q1 2027, a substantial turnaround from a net loss in the preceding quarter. The company's net interest income rose to $11.4 million, and its net interest margin expanded to 3.34%, driven by a strategic balance sheet optimization completed in March 2026. While non-performing loans increased, management noted these were borrower-specific and not systemic. The company also paid a quarterly dividend of $0.02 per share and continued its stock repurchase program.
Key Highlights
- Net income was $1.7 million, a significant improvement from a net loss of $8.0 million in the prior quarter.
- Diluted earnings per common share were $0.08, up from a loss of $0.39 in the previous quarter.
- Net interest income increased to $11.4 million from $9.8 million in Fiscal Q1 2026.
- Net interest margin improved to 3.34% from 2.78% in Fiscal Q1 2026.
- Non-performing assets were 0.59% of total assets, and non-performing loans were 0.80% of total loans.
- The company paid a cash dividend of $0.02 per share.
- Tangible book value per share (non-GAAP) was $5.86.
- Purchased 438,865 shares for $2.4 million under the stock repurchase program.
Price Impact
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