RIVERVIEW BANCORP INC

Riverview Bancorp, Inc. announced the retirement of Michael Sventek, Executive Vice President and Chief Lending Officer, effective October 30, 2026. Sventek, who has had a 35-year banking career, was praised by CEO Nicole Sherman for his leadership and contributions to diversifying the loan portfolio and deepening client relationships. The company plans to initiate a broad-based search for his successor in the coming month.

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.

Riverview Bancorp, Inc. announced its Annual Meeting of Shareholders will be held virtually on August 27, 2026, at 10:00 a.m. local time. Shareholders will vote on the election of four directors, an advisory resolution to approve named executive officer compensation, and the adoption of the 2026 Stock Purchase Plan. The Board will decrease to nine members with the retirement of Bradley J. Carlson, and new directors Jon L. Girod and Kourosh N. Zamanizadeh are standing for election.

Riverview Bancorp, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.02 per share. This dividend amount is consistent with the preceding quarter. The payment is scheduled for July 21, 2026, to shareholders who are on record as of July 9, 2026.

RIVERVIEW BANCORP INC reported a GAAP net loss of $8.0 million, or $0.39 per diluted share, for fiscal Q4 2026, primarily due to a strategic balance sheet optimization. Excluding this optimization, non-GAAP net income was $656,000, or $0.03 per diluted share. The company sold $149.3 million in lower-yielding investment securities, incurring an $11.4 million pre-tax loss, but expects this move to enhance future net interest margin and earnings per share. Net interest income and margin improved year-over-year, while credit quality metrics saw an increase in non-performing loans and charge-offs due to a specific borrower.

Riverview Bancorp, Inc. announced that Bradley J. Carlson will not seek re-election to the boards of the Company and Riverview Bank at the 2026 Annual Meeting, and intends to resign. Mr. Carlson has served on the boards since 2015, completing four consecutive terms. His departure is not due to any disagreement with the Company, and he will continue his directorship with Riverview Trust Company, a wholly-owned subsidiary.