Recent Updates — RVSB

Riverview Bancorp reported net income of $2.0 million, or $0.10 per diluted share, for the fiscal second quarter ended September 30, 2026. This represents an increase from $1.7 million in the prior quarter and $1.1 million in the same period last year. Net interest income rose to $11.8 million, driven by higher loan yields and a net interest margin expansion to 3.40%. The company recorded no provision for credit losses and reported non-performing assets at 0.58% of total assets. Riverview Bancorp operates as a community bank in the Pacific Northwest.

Riverview Bancorp held its Annual Meeting on August 27, 2026. Shareholders elected Bess R. Wills and Larry A. Hoff to three-year terms, while Jon L. Girod and Kourosh N. Zamanizadeh were re-elected for one-year terms. The board approved the adoption of the 2026 stock purchase plan with overwhelming support (98.49% in favor) and ratified executive compensation. Additionally, the Board amended its Bylaws to reduce the board size from ten to nine members following Director Carlson's retirement. Riverview Bancorp operates as a bank holding company providing financial services through its subsidiary, Riverview Bank.

Riverview Bancorp announced that Michael Sventek, Executive Vice President and Chief Lending Officer, intends to retire effective October 30, 2026. The departure follows no disagreements with management, and the company is initiating a search for his successor using an executive search firm. Riverview operates as a community bank headquartered in Vancouver, Washington.