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Stock impact report

Riverview Bancorp Reports Net Income of $1.6 Million in Second Fiscal Quarter 2025

Riverview Bancorp Inc (RVSB) 
Last riverview bancorp inc earnings: 1/23 04:14 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.riverviewbank.com
Company Research Source: GlobeNewswire
VANCOUVER, Wash., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today reported earnings of $1.6 million, or $0.07 per diluted share, in the second fiscal quarter ended September 30, 2024, compared to $2.5 million, or $0.12 per diluted share, in the second fiscal quarter a year ago. In the first six months of fiscal 2025, net income was $2.5 million, or $0.12 per diluted share, compared to $5.3 million, or $0.25 per diluted share, in the first six months of fiscal 2024. “While our second quarter operating results were an improvement compared to the preceding quarter, we still have work to do,” stated Nicole Sherman, President and Chief Executive Officer. “We remain focused on improving our performance metrics and profitability in the second half of fiscal year 2025. We were particularly encouraged by the increase in deposit balances during the quarter, as our team is doing a great job of deepening client relationships an Show less Read more
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