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.
Riverview Bancorp (RVSB) announced a quarterly cash dividend of $0.055 per share, unchanged from the previous quarter. The dividend is payable on January 17, 2022, to shareholders of record by January 5, 2022. The current annualized dividend yield stands at 2.91%.
As of September 30, 2021, Riverview had assets totaling $1.72 billion and operates 16 branches, focusing on community banking services. The bank has been recognized as the Best Bank for nine consecutive years by local publications.
Riverview Bancorp (NASDAQ: RVSB) has appointed Valerie Moreno, former Chief Information Officer at Clark College, to its Board of Directors. With over 32 years of experience in IT and security, Moreno will enhance the board's expertise as the bank evolves its digital banking and IT platforms. She is well-regarded in the community and has served on several nonprofit boards. The appointment comes at a critical time for Riverview as it navigates ambitious IT initiatives to meet the complex technological needs of the banking industry.
Riverview Bancorp (RVSB) reported a significant increase in earnings for Q2 of fiscal 2022, achieving a net income of $6.4 million ($0.29 per diluted share), up from $5.8 million ($0.26 per share) in the prior quarter and $2.5 million ($0.11 per share) year-over-year. The company experienced robust net loan growth of $25.1 million, and total deposits rose by $93.7 million to $1.51 billion. The net interest margin improved to 3.12%, despite an annual decline. Riverview also increased its quarterly dividend to $0.055 per share, reflecting a dividend yield of 3.05%. Overall, a strong operating performance reflects optimism for future growth.
Riverview Bancorp (RVSB) announced a quarterly cash dividend increase to $0.055 per share, effective October 19, 2021. This decision was approved by the Board of Directors on September 22, 2021. Shareholders on record by October 7, 2021 will be eligible for this dividend, resulting in an annualized yield of 3.05%. Riverview Bancorp, headquartered in Vancouver, Washington, has assets of $1.62 billion and operates 16 branches, focusing on community banking and high-quality financial products.
Riverview Bancorp reported strong earnings for the first fiscal quarter, achieving net income of $5.8 million or $0.26 per diluted share, up from $3.4 million in the previous quarter. The increase was driven by higher net interest income of $11.3 million and a significant rise in core deposits, which grew 22% year-over-year. The loan pipeline surged 235%, signaling robust loan demand post-COVID restrictions in Oregon and Washington. Non-interest income also improved to $3.6 million, reflecting increased economic activity.
Riverview Bancorp (Nasdaq: RVSB) announced a quarterly cash dividend of $0.05 per share, maintaining the rate from the previous quarter. The dividend is payable on July 22, 2021, to shareholders registered by July 9, 2021. This results in an annualized dividend yield of 2.98%. As of March 31, 2021, Riverview holds assets totaling $1.55 billion and operates 16 branches, primarily in the Portland-Vancouver area.
Riverview Bancorp, Inc. (RVSB) announced the adoption of a stock repurchase program allowing the company to buy back up to $5 million of its shares over the next six months. This program can be executed in open market transactions or privately negotiated deals. Additionally, the company will implement a trading plan with Keefe, Bruyette & Woods, Inc. under Rule 10b5-1 to facilitate these repurchases during blackout periods. The initiative is expected to enhance shareholder value by reducing the number of outstanding shares.
Riverview Bancorp, Inc. (NASDAQ GSM: RVSB) has appointed Denise Barr as Vice President, Marketing Strategist. With over 30 years in marketing, Barr's experience includes directing marketing at the Humane Society for SW Washington and consulting for clients like the City of Vancouver. The company, headquartered in Vancouver, Washington, boasts assets of $1.55 billion as of March 31, 2021, and operates 17 branches. Riverview has been recognized as Best Bank for seven consecutive years by local publications.
Riverview Bancorp (RVSB) reported Q4 earnings of $3.4 million ($0.15 per diluted share), down from $4.0 million ($0.18 per share) in the previous quarter, yet higher than $2.9 million ($0.13) year-over-year. For fiscal 2021, net income totaled $10.5 million ($0.47 per share), compared to $15.7 million ($0.69) in fiscal 2020. Total loans rose by $11.8 million to $943.2 million, supported by PPP loans of $93.4 million. Deposits increased by 8.8% to $1.35 billion. Asset quality remains strong, with non-performing assets at 0.04% of total assets. Riverview paid a $0.05 quarterly dividend on April 21, 2021.
Riverview Bancorp (RVSB) announced a quarterly cash dividend of $0.05 per share, unchanged from the previous quarter. This dividend will be paid on April 21, 2021, to shareholders of record on April 8, 2021, resulting in an annualized dividend yield of 2.86%. As of December 31, 2020, the company reported assets of $1.44 billion and continues to focus on community banking with 17 branches in the Portland-Vancouver area.