Riverview Bancorp returns to FY27 Q1 profit of $1.7 million; net interest margin widens 56 bps to 3.34% vs FY26 Q1
RVSB•Deposits, liquidity and buybacks
Total deposits increased to $1.26 billion. The company had $488.1 million in liquidity and repurchased 438,865 shares for $2.4 million.
Income, expenses and asset quality
Non-interest income was $3.6 million, versus a $8 million loss in fiscal Q4, while non-interest expense climbed to $12.9 million from $11.7 million.
Non-performing assets were 0.59% of total assets, and non-performing loans were 0.80% of loans, with no provision booked and $88,000 in recoveries.
Riverview Bancorp swings to fiscal Q1 profit
Riverview Bancorp swung to a fiscal first-quarter profit of $1.7 million, or $0.08 per diluted share, from a $8 million loss in fiscal Q4.
Net interest income rose to $11.4 million from a year earlier, and net interest margin widened to from .
