Riverview Bancorp Reports Q3 Net Income Increase to $1.4 Million

Riverview Bancorp, Inc. reported its financial results for the third quarter and nine months ended December 31, 2025, showing a net income of $1.4 million, or $0.07 per diluted share, compared to $1.2 million, or $0.06 per diluted share, for the same period in 2024. For the nine months, net income was $3.7 million, consistent with the prior year. The increase in quarterly net income was primarily driven by a rise in net interest income, which reached $10.6 million, up from $9.4 million in the previous year, while non-interest expenses also increased, totaling $12.2 million for the quarter.

The company's total interest and dividend income for the three months ended December 31, 2025, was $16.0 million, an increase from $15.1 million in the same period last year. This growth was attributed to higher interest income from loans, which rose by $1.1 million, reflecting an increase in the average balance of net loans and improved yields. The average yield on loans increased to 5.26% from 4.97% year-over-year. However, interest earned on investment securities decreased due to lower average balances and yields.

Riverview Bancorp's total loans receivable, net, increased to $1.07 billion as of December 31, 2025, compared to $1.05 billion at the end of the previous fiscal year. This growth was primarily driven by increases in other installment loans and commercial real estate loans. The company maintained stable deposit levels at $1.23 billion, with a shift in composition towards interest-bearing accounts, reflecting broader industry trends. Core branch deposits accounted for 98.0% of total deposits, consistent with the previous quarter.

The company also reported an increase in accrued expenses and other liabilities, which rose to $24.6 million, primarily due to an outstanding balance in Trust sweep funds. Riverview Bancorp's shareholders' equity increased to $164.2 million, supported by net income and a decrease in accumulated other comprehensive loss related to unrealized holding losses on securities. The company remains well-capitalized, meeting all regulatory capital requirements, with a total capital ratio of 16.35% as of December 31, 2025.

Looking ahead, Riverview Bancorp aims to continue its focus on profitable growth, enhancing its digital experience, and improving client engagement. The company plans to expand its loan portfolio, particularly in commercial and construction loans, while maintaining strong asset quality. Management believes that its strategic initiatives will support long-term financial health and market competitiveness, despite potential economic challenges.