RVSB News & Events

Riverview Bancorp announced that on January 22, its board of directors adopted a stock repurchase program. Under this repurchase program, the company may repurchase up to $4M 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.

Reports Q3 tangible book value per share $6.62. Reports Q3 CET1 capital ratio 15.09%. Reports Q3 net charge-offs .09%. "Our priorities continue to center on delivering value to shareholders through stronger asset returns, new revenue streams, and optimized operations," stated Nicole Sherman, president and CEO. "Strategic investments in talent and technology have driven near-term expense increases, but results are already evident in our commercial and business banking segments. Our loan pipeline has remained strong, fueled by expanded lending teams, enhanced treasury management, and digital platform investments. With robust loan demand across our markets, we're capturing quality, profitable growth while keeping a watchful eye on credit quality metrics. Production is accelerating, net interest margin is expanding, and profitability continues improving."

Reports Q2 tangible book value per share $6.51. Reports Q2 CET1 capital ratio 15.26%. "We remain focused on what matters most to our shareholders: driving return on assets, unlocking revenue opportunities, and improving operational efficiency," stated Nicole Sherman, president and CEO. "While short-term expenses have increased due to targeted investments in talent and technology, we are already seeing meaningful results, particularly within our commercial and business banking segments. We remain focused on providing exceptional services to our clients while building strong banking relationships in our communities. Our loan pipeline is the strongest it has ever been, supported by the strategic expansion of our lending teams, enhanced treasury management capabilities, and continued investment in digital platforms. Loan demand remains strong across the markets we serve, and we are well positioned to meet that demand with quality, profitable growth. As a result, loan production is rising, our net interest margin has increased from a year ago, and we are making steady progress in profitability. Deposit balances have remained stable year over year, capital levels are strong, and our sound credit quality continues to be reflected in low delinquencies and nonperforming loans."

Riverview Bancorp announced it was added to the Russell 3000 Index and Russell 2000 Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 30, 2025.