Riverview Bancorp Declares Quarterly Cash Dividend of $0.02 Per Share

Rhea-AI Summary

Riverview Bancorp (Nasdaq: RVSB) has declared a quarterly cash dividend of $0.02 per share, maintaining the same level as the previous quarter. The dividend will be paid on April 25, 2025, to shareholders of record as of April 14, 2025.

The Vancouver, Washington-based company, with assets of $1.51 billion as of December 31, 2024, operates through its subsidiaries Riverview Bank and Riverview Trust Company. The bank serves commercial, business, and retail clients through 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. Notably, Riverview has been recognized as Best Bank by The Vancouver Business Journal and The Columbian for 11 consecutive years.

Positive

• Maintained consistent quarterly dividend of $0.02 per share
• Strong local market presence with 17 branches and 3 lending centers
• Substantial asset base of $1.51 billion
• 11-year streak of 'Best Bank' recognition in local markets

Negative

• No dividend increase despite market conditions
• geographic diversification with focus mainly in Portland-Vancouver area

News Market Reaction

-3.12%

1 alert

-3.12% News Effect

On the day this news was published, RVSB declined 3.12%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, Wash., April 02, 2025 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on March 27, 2025, its Board of Directors approved a quarterly cash dividend of $0.02 per share which remained unchanged compared to the preceding quarter. The dividend is payable on April 25, 2025, to shareholders of record as of April 14, 2025.

About Riverview

Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington – just north of Portland, Oregon, on the I-5 corridor. With assets of $1.51 billion at December 31, 2024, it is the parent company of Riverview Bank, as well as Riverview Trust Company. The Bank offers true community banking services, focusing on providing the highest quality service and financial products to commercial, business and retail clients through 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. For the past 11 years, Riverview has been named Best Bank by the readers of The Vancouver Business Journal and The Columbian.

This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make including those described in 1A (Risk Factors) of the Company’s Form 10-K for the fiscal year ended March 31, 2024. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.

Contacts:

Nicole Sherman and David Lam Riverview Bancorp, Inc. 360-693-6650

FAQ

When is Riverview Bancorp (RVSB) paying its next dividend?

RVSB will pay its quarterly dividend of $0.02 per share on April 25, 2025, to shareholders of record as of April 14, 2025.

What is the current quarterly dividend amount for RVSB stock?

RVSB's quarterly dividend is $0.02 per share, unchanged from the previous quarter.

How many branches does Riverview Bank (RVSB) currently operate?

Riverview Bank operates 17 branches, with 13 located in the Portland-Vancouver area, plus 3 lending centers.

What was Riverview Bancorp's (RVSB) total asset value as of December 2024?

Riverview Bancorp reported total assets of $1.51 billion as of December 31, 2024.