Business
Riverview Bancorp Reports Fiscal Fourth Quarter 2026 and Fiscal Year 2026 Results
Fiscal Fourth Quarter 2026 Comparison Highlights Net Interest Income and Net Interest Margin $10.2 million net interest income for the quarter compared to
About this update from Riverview Bancorp Inc
[{"type":"text","content":"Fiscal Fourth Quarter 2026 Comparison Highlights Net Interest Income and Net Interest Margin $10.2 million net interest income for the quarter compared to $9.2 million in Fiscal Q4 2025Net interest margin at 2.92% for the quarter compared to 2.65% in Fiscal Q4 2025 Credit Quality Non-performing assets at 0.53% of total assets and 0.71% of total loans in Fiscal Q4 2026$1.2 million provision booked for the quarter and net charge-offs of $1.1 million Non-Interest Income and Non-Interest Expense Non-interest income excluding balance sheet optimization (non-GAAP) of $3.3 million for the quarter, compared to $3.7 million in Fiscal Q4 2025Non-interest expense of $11.5 million for the quarter compared to $11.4 million in Fiscal Q4 2025 Shareholder Returns and Stock Activity On April 24, 2026, the Company paid a cash dividend of $0.02 per shareTangible book value per share was $5.76Stock repurchase plan: $4.0 million stock repurchase plan adopted by the Board of Directors on January 22, 2026Repurchased 130,059 shares during the quarter at an average price of $5.36 VANCOUVER, Wash., April 28, 2026 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today reported net income excluding strategic balance sheet optimization (non-GAAP) of $656,000, or $0.03 per diluted share, in the fourth fiscal quarter ended March 31, 2026. This compared to net income of $1.4 million, or $0.07 per diluted share, in the third fiscal quarter ended December 31, 2025, and $1.1 million, or $0.05 per diluted share, in the fourth fiscal quarter ended March 31, 2025. For the fourth fiscal quarter ended March 31, 2026, net loss was $8.0 million, or $0.39 per diluted share, as reported, which included the strategic balance sheet optimization. For fiscal 2026, net income excluding balance sheet optimization (non-GAAP) was $4.4 million, or $0.21 per diluted share, compared to $4.9 million, or $0.23 per diluted share, for fiscal 2025. For fiscal 2026, net loss was $4.3 million inclusive of the strategic balance sheet optimization. Net income on a pre-tax, pre-provision basis excluding the balance sheet optimization (non-GAAP) increased to $2.0 million for the fourth fiscal quarter ended March 31, 2026, compared to $1.8 million in the third fiscal quarter ended December 31, 2025, and $1.5 million in the fourth fiscal quarter ended...