Welcome to our dedicated page for Riverview Bancorp news (Ticker: RVSB), a resource for investors and traders seeking the latest updates and insights on Riverview Bancorp stock.
Riverview Bancorp, Inc. (RVSB) is a Vancouver, Washington-based savings and loan holding company for Riverview Bank and Riverview Trust Company. The company’s news flow centers on its community banking and trust operations in Southwest Washington and Northwest Oregon, as well as its activities as a NASDAQ-listed financial institution.
On this page, readers can follow Riverview Bancorp news items such as quarterly and annual earnings releases, which discuss net interest income, net interest margin, non-interest income, non-interest expense, asset quality, and capital levels. The company regularly issues press releases on its financial performance, providing detail on loan growth, deposit trends, investment securities, and liquidity.
Riverview Bancorp also publishes news about shareholder-related actions, including recurring quarterly cash dividends and stock repurchase programs authorized by its Board of Directors. Additional updates cover corporate milestones and capital markets developments, such as the company’s addition to the Russell 3000 Index® and Russell 2000® Index, as well as participation in investor conferences.
Operational and organizational updates appear in Riverview’s news as well, including leadership appointments within its finance and accounting teams and commentary on its multi-year strategic plan focused on growth, digital capabilities, and data use. Management statements often highlight the company’s role as a community bank in the Portland–Vancouver area and describe conditions in its core markets. Investors and observers can use this news feed to review Riverview Bancorp’s public communications over time and to see how the company describes its performance, strategy, and regional banking franchise.
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Riverview Bancorp, Inc. (RVSB) announced a quarterly cash dividend of $0.06 per share, consistent with the previous quarter. This dividend will be payable on April 20, 2023, to shareholders of record on April 10, 2023, resulting in an annualized dividend yield of 4.47%. With total assets of $1.60 billion as of December 31, 2022, Riverview Bancorp operates 17 branches and has been recognized as the Best Bank by readers of local publications for nine consecutive years. The company remains focused on community banking and delivering quality financial services.
Riverview Bancorp, Inc. (RVSB) reported third-quarter earnings of $5.2 million, or $0.24 per diluted share, unchanged from the prior quarter but down from $5.5 million a year ago, which included a $1.3 million recapture of loan loss provisions. Year-to-date fiscal 2023 net income reached $15.1 million, down from $17.7 million in the same period last year. Notably, Riverview's net interest income increased to $13.7 million, with a net interest margin of 3.48%. Operating expenses were controlled, although total deposits decreased by 8.3% to $1.37 billion. The bank maintained a strong capital ratio of 16.71% and paid a quarterly cash dividend of $0.06 per share.
Riverview Bancorp, Inc. (RVSB) announced a quarterly cash dividend of $0.06 per share, unchanged from the previous quarter. The dividend is payable on January 16, 2023, for shareholders of record by January 4, 2023, reflecting a 3.20% annualized yield based on the current share price. With assets totaling $1.68 billion as of September 30, 2022, Riverview specializes in community banking and boasts 17 branches in the Portland-Vancouver area.