Riverview Bancorp, Inc. Announces Stock Repurchase Program

Rhea-AI Summary

Riverview Bancorp has announced a new stock repurchase program approved by its Board of Directors on April 24, 2025. The Vancouver, Washington-based company plans to repurchase up to $2.0 million of outstanding common stock through open market or private transactions.

The program will run for 12 months or until completion, with timing dependent on market conditions. CEO Nicole Sherman states this move aims to enhance shareholder value by deploying excess capital.

Riverview Bank, with assets of $1.51 billion as of March 31, 2025, operates 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. The bank has earned recognition as Best Bank for 11 consecutive years by The Vancouver Business Journal and The Columbian.

Positive

• $2 million stock repurchase program authorized
• Strong financial position with $1.51 billion in assets
• Established market presence with 17 branches and 3 lending centers
• 11-year consecutive recognition as Best Bank by local business publications

Negative

• Limited repurchase program size relative to total assets
• Program duration limited to 12 months
• Geographic concentration risk in Portland-Vancouver area

News Market Reaction

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1 alert

% News Effect

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

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, Wash., April 29, 2025 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) headquartered in Vancouver, WA, the holding company parent of Riverview Bank, announced that on April 24, 2025, its Board of Directors adopted a stock repurchase program.

Under this repurchase program, the Company may repurchase up to $2.0 million of the Company’s outstanding shares of common stock, in the open market, based on prevailing market prices, or in privately negotiated transactions. Once the repurchase program is effective, the repurchase program will continue until the earlier of the completion of the repurchase or 12 months after the effective date, depending upon market conditions.

“We continue to explore opportunities to enhance shareholder value and we believe capitalizing on this opportunity to repurchase common stock is a prudent way of deploying excess capital,” said Nicole Sherman, President and Chief Executive Officer.

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 March 31, 2025, 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 Item 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 by the Company.

Transmitted on Globe Newswire on April 29, 2025 at 6:00AM PDT.

Contacts:

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

FAQ

How much stock will Riverview (RVSB) repurchase in its 2025 buyback program?

Riverview (RVSB) announced a $2.0 million stock repurchase program on April 24, 2025, which will be executed through open market or private transactions over a 12-month period.

What is the market impact of RVSB's $2 million stock buyback program?

The stock buyback program represents Riverview's strategy to deploy excess capital and enhance shareholder value by repurchasing common stock from the open market or through private negotiations.

When does Riverview's (RVSB) 2025 stock repurchase program end?

Riverview's stock repurchase program will continue until either the $2.0 million repurchase is completed or 12 months after the effective date, depending on market conditions.

How big is Riverview Bank (RVSB) in 2025?

As of March 31, 2025, Riverview Bank has assets of $1.51 billion and operates 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers.

Where are RVSB's bank branches located?

Riverview Bank operates 17 branches, with 13 locations in the Portland-Vancouver area, plus 3 lending centers, serving commercial, business, and retail clients in the Pacific Northwest.