Riverview Bancorp, Inc. Announces Stock Repurchase Program
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.
Riverview Bancorp ha annunciato un nuovo programma di riacquisto di azioni approvato dal Consiglio di Amministrazione il 24 aprile 2025. La società con sede a Vancouver, Washington, prevede di riacquistare fino a 2,0 milioni di dollari di azioni ordinarie in circolazione tramite operazioni sul mercato aperto o transazioni private.
Il programma avrà una durata di 12 mesi o fino al completamento, con tempistiche dipendenti dalle condizioni di mercato. La CEO Nicole Sherman afferma che questa iniziativa mira a incrementare il valore per gli azionisti impiegando il capitale in eccesso.
Riverview Bank, con attività pari a 1,51 miliardi di dollari al 31 marzo 2025, gestisce 17 filiali, di cui 13 nell'area Portland-Vancouver, e 3 centri di finanziamento. La banca è stata riconosciuta come Miglior Banca per 11 anni consecutivi dal The Vancouver Business Journal e dal The Columbian.
Riverview Bancorp ha anunciado un nuevo programa de recompra de acciones aprobado por su Junta Directiva el 24 de abril de 2025. La empresa con sede en Vancouver, Washington, planea recomprar hasta 2,0 millones de dólares en acciones comunes en circulación mediante transacciones en el mercado abierto o privadas.
El programa tendrá una duración de 12 meses o hasta su finalización, con el momento dependiendo de las condiciones del mercado. La CEO Nicole Sherman declara que esta medida busca aumentar el valor para los accionistas utilizando capital excedente.
Riverview Bank, con activos por 1,51 mil millones de dólares al 31 de marzo de 2025, opera 17 sucursales, incluidas 13 en el área de Portland-Vancouver, y 3 centros de préstamos. El banco ha sido reconocido como el Mejor Banco durante 11 años consecutivos por The Vancouver Business Journal y The Columbian.
Riverview Bancorp는 2025년 4월 24일 이사회에서 승인한 새로운 주식 재매입 프로그램을 발표했습니다. 워싱턴주 밴쿠버에 본사를 둔 이 회사는 공개 시장 또는 비공개 거래를 통해 최대 200만 달러 상당의 보통주를 재매입할 계획입니다.
이 프로그램은 12개월 동안 또는 완료 시까지 진행되며, 시기는 시장 상황에 따라 결정됩니다. CEO 니콜 셔먼은 이번 조치가 초과 자본을 활용하여 주주 가치를 높이기 위한 것이라고 밝혔습니다.
2025년 3월 31일 기준 자산 15억 1천만 달러를 보유한 Riverview Bank는 포틀랜드-밴쿠버 지역에 13개를 포함해 총 17개의 지점과 3개의 대출 센터를 운영하고 있습니다. 이 은행은 The Vancouver Business Journal과 The Columbian이 선정한 11년 연속 최고의 은행으로 인정받았습니다.
Riverview Bancorp a annoncé un nouveau programme de rachat d’actions approuvé par son conseil d’administration le 24 avril 2025. La société basée à Vancouver, dans l’État de Washington, prévoit de racheter jusqu’à 2,0 millions de dollars d’actions ordinaires en circulation par le biais de transactions sur le marché ouvert ou privées.
Le programme s’étendra sur 12 mois ou jusqu’à son achèvement, le calendrier dépendant des conditions du marché. La PDG Nicole Sherman déclare que cette initiative vise à accroître la valeur pour les actionnaires en utilisant le capital excédentaire.
Riverview Bank, avec des actifs de 1,51 milliard de dollars au 31 mars 2025, exploite 17 agences, dont 13 dans la région de Portland-Vancouver, ainsi que 3 centres de prêts. La banque a été reconnue comme la meilleure banque pendant 11 années consécutives par The Vancouver Business Journal et The Columbian.
Riverview Bancorp hat ein neues Aktienrückkaufprogramm angekündigt, das am 24. April 2025 vom Vorstand genehmigt wurde. Das Unternehmen mit Sitz in Vancouver, Washington, plant den Rückkauf von bis zu 2,0 Millionen US-Dollar an ausstehenden Stammaktien über den offenen Markt oder private Transaktionen.
Das Programm läuft 12 Monate oder bis zur Vollendung, wobei das Timing von den Marktbedingungen abhängt. CEO Nicole Sherman erklärt, dass dieser Schritt darauf abzielt, den Aktionärswert durch den Einsatz von überschüssigem Kapital zu steigern.
Die Riverview Bank verfügt über Vermögenswerte in Höhe von 1,51 Milliarden US-Dollar zum 31. März 2025, betreibt 17 Filialen, darunter 13 im Raum Portland-Vancouver, sowie 3 Kreditcenter. Die Bank wurde vom The Vancouver Business Journal und The Columbian 11 Jahre in Folge als beste Bank ausgezeichnet.
- $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
- Limited repurchase program size relative to total assets
- Program duration limited to 12 months
- Geographic concentration risk in Portland-Vancouver area
Insights
Riverview Bancorp's $2M stock repurchase program signals confidence and aims to enhance shareholder value by deploying excess capital effectively.
Riverview Bancorp's announcement of a
The repurchase program offers two key benefits: First, it provides a mechanism to reduce the number of outstanding shares, which can improve per-share metrics even without underlying business growth. Second, it gives management flexibility to acquire shares opportunistically when they believe the stock represents good value.
CEO Nicole Sherman's statement that this is a "prudent way of deploying excess capital" suggests the bank maintains strong capital levels beyond what's needed for immediate operational and regulatory requirements. This is particularly noteworthy in the banking sector, where capital adequacy is closely scrutinized.
The 12-month timeframe allows management to be strategic about execution timing rather than forcing immediate deployment. For a community bank operating in the Portland-Vancouver market, this measured approach to capital management aligns with the conservative financial posture typically expected in regional banking institutions.
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
“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
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?
What is the market impact of RVSB's $2 million stock buyback program?
When does Riverview's (RVSB) 2025 stock repurchase program end?
How big is Riverview Bank (RVSB) in 2025?
Where are RVSB's bank branches located?
