Riverview Bancorp, Inc. reported a net loss of $4.3 million for the fiscal year ending March 31, 2026, compared to a net income of $4.9 million in the previous year. This loss translates to a loss per diluted share of $0.21, down from earnings of $0.23 per share in fiscal 2025. The decline in profitability was primarily attributed to an $11.4 million loss on the sale of investment securities, which was part of a strategic portfolio repositioning. Despite this setback, the company experienced an increase in net interest income, which rose by $4 million to $40.3 million, driven by higher interest and fees on loans receivable.
Total assets for Riverview Bancorp decreased to $1.46 billion as of March 31, 2026, down from $1.51 billion a year earlier. The company's loan portfolio grew to $1.08 billion, an increase from $1.05 billion, with notable growth in commercial real estate loans and other installment loans. However, the company also faced challenges, as nonperforming loans increased to $7.8 million, representing 0.53% of total assets, compared to just $155,000, or 0.01%, in the prior year. The allowance for credit losses stood at $15.2 million, or 1.40% of total loans, slightly down from 1.45% the previous year.
In terms of strategic developments, Riverview Bancorp has focused on expanding its commercial and construction loan portfolios while ceasing the origination of one-to-four family residential loans. The company aims to enhance its market position through a relationship-based banking model, which emphasizes client loyalty and cross-selling opportunities. As of March 31, 2026, the company operated 17 branches across southwest Washington and northwest Oregon, with plans for further expansion.
Operationally, Riverview Bancorp reported a total of 243 full-time equivalent employees as of March 31, 2026, with a workforce composition of approximately 61% women. The company has emphasized the importance of recruiting and retaining talent, particularly in commercial lending, to support its growth objectives. Additionally, the company has been actively managing its nonperforming assets and has implemented measures to improve its asset quality.
Looking ahead, Riverview Bancorp anticipates continued challenges from economic conditions, including rising interest rates and inflation, which could impact loan demand and credit quality. The company remains committed to maintaining a strong capital position and is focused on enhancing its digital banking capabilities to improve client engagement. Management believes that its strategic initiatives will position the company for sustainable growth in the future, despite the current economic uncertainties.
About RIVERVIEW BANCORP INC
Riverview Bancorp, Inc. is a community-focused bank holding company based in Washington. It operates Riverview Bank, offering commercial, real estate, and consumer loans, along with trust and asset management services. The company emphasizes local service, digital banking, and deposit growth, serving primarily the Pacific Northwest markets. Its core business model centers on deposit attraction, loan origination, and investment in high-quality securities.
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