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Riverview Bancorp Inc - RVSB STOCK NEWS

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 (NASDAQ: RVSB) is a prominent American savings and loan holding company headquartered in Vancouver, Washington. It is the parent company of Riverview Community Bank, a community-oriented financial institution that emphasizes personal and local service. Riverview Bancorp operates 17 branches, primarily located in Southwest Washington and the Portland metropolitan area.

The company offers a wide array of personal and commercial financial solutions through its network. Their services include various deposit accounts such as checking and savings accounts, money market accounts, and certificates of deposit. Additionally, Riverview Bancorp provides robust online banking services, 24-hour customer information lines, ATMs, and courier services to meet the diverse needs of its clientele.

Riverview Bancorp also excels in lending services, offering commercial real estate loans, construction and land development loans, commercial and industrial loans, as well as consumer home equity loans and lines of credit. The company is committed to supporting local businesses and community development through its comprehensive suite of lending products.

In addition to traditional banking services, Riverview Bancorp operates Riverview Asset Management Corp, providing trust and investment services. This division offers professional mortgage brokerage and financial advisory services, catering to both individual and business clients.

The bank's strategic focus on community-oriented service and local market expertise has enabled it to build strong relationships with its customers. Riverview Bancorp's commitment to innovation is reflected in its adoption of advanced banking technologies, ensuring convenient and secure banking experiences for its customers.

In terms of recent achievements, Riverview Bancorp has consistently demonstrated solid financial performance, driven by its prudent management and strategic growth initiatives. The company's robust capital position, along with its diversified income streams, positions it well to navigate various economic cycles.

Riverview Bancorp’s dedication to customer service, coupled with its strong financial foundation, makes it a key player in the regional banking sector. As of the latest update, the company continues to expand its services and adapt to the evolving financial landscape, ensuring sustained growth and success.

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Riverview Bancorp reported a strategic balance sheet restructuring, selling investment securities to repay higher-cost debt. This led to a $2.1 million after-tax impact on diluted earnings per share. The company faces potential litigation liability, recording a $2.3 million expense. Despite a net loss of $3.0 million in the fourth quarter of fiscal year 2024, Riverview maintains strong asset quality and capital levels.
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Riverview Bancorp, Inc. (RVSB) declared a quarterly cash dividend of $0.06 per share on March 27, 2024, with a stable yield of 5.08% annually. Shareholders of record on April 11, 2024, will receive the dividend on April 22, 2024.
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Riverview Bancorp, Inc. reported a decrease in earnings, net interest income, and net interest margin in the third fiscal quarter of 2024. Credit quality metrics remained stable, with non-performing assets at 0.01% of total assets. The company's total risk-based capital ratio was 16.67% and Tier 1 leverage ratio was 10.53%.
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Riverview Bancorp, Inc. (RVSB) announces a quarterly cash dividend of $0.06 per share, unchanged from the previous quarter. The dividend will be payable on January 16, 2024, to shareholders of record on January 5, 2024, with an annualized dividend yield of 3.84%.
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Riverview Bancorp reports Q2 earnings of $2.5 million, a decrease from previous quarter. Net interest income was $9.9 million, with a net interest margin of 2.63%. Total loans increased to $1.02 billion, while total deposits remained unchanged at $1.24 billion. Riverview has access to $206.5 million in available liquidity.
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Riverview Bancorp approves $0.06 quarterly cash dividend per share, unchanged from previous quarter. Annualized dividend yield at 4.32%.
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FAQ

What is the current stock price of Riverview Bancorp (RVSB)?

The current stock price of Riverview Bancorp (RVSB) is $5.17 as of February 28, 2025.

What is the market cap of Riverview Bancorp (RVSB)?

The market cap of Riverview Bancorp (RVSB) is approximately 108.9M.

What is Riverview Bancorp Inc?

Riverview Bancorp Inc is the holding company of Riverview Community Bank, providing a variety of personal and commercial financial services.

Where is Riverview Bancorp Inc located?

Riverview Bancorp Inc is headquartered in Vancouver, Washington, with branches in Southwest Washington and the Portland metropolitan area.

What services does Riverview Bancorp offer?

The company offers deposit accounts, online banking, commercial real estate loans, construction loans, industrial loans, consumer home equity loans, and trust and investment services.

How many branches does Riverview Bancorp operate?

As of the latest update, Riverview Bancorp operates 17 branches.

What are the core business segments of Riverview Bancorp?

Riverview Bancorp operates in two main segments: Banking Operations and Trust and Investment Services.

Does Riverview Bancorp offer online banking?

Yes, Riverview Bancorp provides robust online banking services along with 24-hour customer information lines and ATMs.

What lending services are available at Riverview Bancorp?

The bank offers commercial real estate loans, construction and land development loans, commercial and industrial loans, and consumer home equity loans.

What is Riverview Asset Management Corp?

Riverview Asset Management Corp is the trust and investment services subsidiary of Riverview Bancorp, offering mortgage brokerage and financial advisory services.

How does Riverview Bancorp support local communities?

Riverview Bancorp supports local communities through personalized service, local market expertise, and a wide range of financial products tailored to community needs.

What recent achievements has Riverview Bancorp made?

Riverview Bancorp has shown solid financial performance with a strong capital position and strategic growth initiatives, contributing to its sustained success.
Riverview Bancorp Inc

Nasdaq:RVSB

RVSB Rankings

RVSB Stock Data

108.93M
20.10M
2.97%
69.85%
0.23%
Banks - Regional
Savings Institution, Federally Chartered
Link
United States
VANCOUVER