Riverview Bancorp Reports 26.8% Increase in Net Income to $1.2 Million for Q2 2025

Riverview Bancorp, Inc. reported a net income of $1.2 million, or $0.06 per diluted share, for the three months ended June 30, 2025, marking a 26.8% increase from the $966,000, or $0.05 per diluted share, recorded in the same period last year. This growth was primarily driven by a $976,000 rise in interest and dividend income, attributed to increased interest and fees on loans receivable, alongside a $59,000 increase in non-interest income. However, these gains were partially offset by a $751,000 rise in non-interest expenses and a $69,000 increase in the provision for income taxes.

The company's net interest income rose to $9.8 million for the quarter, up from $8.8 million a year earlier, largely due to higher interest income on loans while maintaining steady interest expenses. The net interest margin improved to 2.78% from 2.47% year-over-year, reflecting an increase in average net loans and interest income. Total interest and dividend income reached $15.4 million, compared to $14.4 million in the prior year, with interest income on loans increasing by $1.3 million, despite a decrease in income from investment securities.

Riverview's total assets increased slightly to $1.52 billion as of June 30, 2025, from $1.51 billion at the end of March 2025. Loans receivable remained stable at approximately $1.05 billion, with a notable increase in commercial real estate loans offset by a decrease in real estate construction loans. The company’s deposits decreased by $22.4 million to $1.21 billion, attributed to competitive pressures and pricing challenges in the market. The decrease was seen across various account types, including non-interest bearing accounts and regular savings accounts, although certificates of deposit saw a slight increase.

In terms of operational developments, Riverview Bancorp continues to focus on enhancing its digital banking capabilities and expanding its product offerings. The company aims to attract new clients and increase market share through its 17 branch locations across Washington and Oregon. The strategic plan emphasizes profitable growth, digital experience, and client engagement, with a commitment to maintaining strong asset quality. The company’s capital position remains robust, categorized as "well capitalized" under regulatory standards, with total capital ratios exceeding required minimums.

Looking ahead, Riverview Bancorp anticipates continued focus on growing its loan portfolio, particularly in commercial and construction loans, while managing credit risk and enhancing profitability. The company remains committed to its strategic priorities, including improving client experiences and leveraging technology to meet evolving customer needs. Management believes that its current strategies will support sustainable growth and shareholder returns in the coming quarters.