Riverview Bancorp, Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2026 Results

Riverview Bancorp, Inc. reported its financial results for the fourth fiscal quarter and fiscal year ended March 31, 2026. The company announced a net loss of $8.0 million, or $0.39 per diluted share, for the fourth quarter, which included a strategic balance sheet optimization resulting in an $11.4 million loss on the sale of securities. Excluding this optimization, net income was $656,000, or $0.03 per diluted share. For the full fiscal year 2026, the net loss was $4.3 million, or $0.21 per diluted share on a non-GAAP basis excluding the optimization. The company highlighted an increase in net interest income to $10.2 million for the quarter and a net interest margin of 2.92%. Non-performing assets were reported at 0.53% of total assets. Riverview also announced a stock repurchase plan and a cash dividend payment. The company detailed its strategic balance sheet optimization, which involved reclassifying and selling lower-yielding securities to enhance future net interest margin and earnings per share. The report also provided an overview of the company's franchise footprint in the Pacific Northwest, income statement and balance sheet reviews, and credit quality metrics. Riverview maintained strong capital levels above regulatory requirements.