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, Inc. (RVSB) announced a quarterly cash dividend of $0.05 per share, unchanged from the previous quarter. This dividend is payable on July 22, 2020, to shareholders on record as of July 9, 2020. The annualized dividend yield currently stands at 3.81%. Riverview, headquartered in Vancouver, Washington, reported assets of $1.18 billion as of March 31, 2020, and operates 18 branches, focusing on community banking services.
Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) has announced a quarterly cash dividend of $0.05 per share, consistent with the prior quarter. This dividend will be paid on July 22, 2020, to shareholders on record by July 8, 2020. The current annualized dividend yield stands at 3.81%. As of March 31, 2020, Riverview reported assets totaling $1.18 billion. The company operates 18 branches, primarily in the Portland-Vancouver area, and has been recognized as the Best Bank for six consecutive years by local publications.
Riverview Bancorp (RVSB) reported fourth-quarter earnings of $2.9 million, or $0.13 per diluted share, down from $4.1 million a quarter earlier and $4.2 million year-over-year. For the fiscal year, earnings totaled $15.7 million ($0.69 per share), a decline from $17.3 million ($0.76 per share) in fiscal 2019. During the pandemic, Riverview granted payment deferrals totaling $125.4 million and processed $115.1 million in Paycheck Protection Program loans. The company maintains a strong capital position with a total risk-based capital ratio of 17.01%.