Riverview Bancorp reported fiscal second-quarter net income of $2.0 million, or $0.10 per diluted share, for the three months ended Sept. 30, 2026. Earnings rose from $1.7 million in the previous quarter and $1.1 million a year earlier. The bank said the results reflect benefits from a balance-sheet repositioning completed about six months ago, alongside continued expense discipline and investment in technology.
Net interest income and margin improved from both comparison periods. Riverview also reported low levels of nonperforming assets and no loan-loss provision for the quarter, while announcing a recent dividend payment and a $4 million share-repurchase authorization.
Key details
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Earnings increased: Net income was $2.0 million, or $0.10 per diluted share, compared with $1.7 million, or $0.08 per share, in fiscal first-quarter 2027 and $1.1 million, or $0.05 per share, in fiscal second-quarter 2026. The company called this its highest quarterly net income in 12 quarters.
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Net interest income and margin strengthened: Net interest income was $11.8 million, up from $11.4 million in the prior quarter and $9.8 million a year earlier. Net interest margin—the spread between what the bank earns on assets and pays for funding—rose to 3.40%, from 3.34% in the prior quarter and 2.76% a year earlier.
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What drove the improvement: Riverview attributed higher interest income to better yields on new loans and repricing of existing loans. Interest on loans rose $512,000 from the prior quarter. Lower interest expense on borrowings also contributed to the year-over-year improvement: borrowing costs were down $609,000 for the quarter and $1.8 million for the first six months of fiscal 2027 versus the comparable year-earlier periods.
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Other income and expenses moved in opposite directions: Non-interest income was $3.6 million, compared with $3.8 million a year earlier. Non-interest expense increased to $12.9 million from $12.2 million. The CEO said the company continued to improve its efficiency ratio while investing in technology, but the release did not provide the ratio’s figure.
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Credit quality indicators: Nonperforming assets were 0.58% of total assets, and nonperforming loans were 0.77% of total loans. Riverview recorded no provision for credit losses during the quarter and reported net loan recoveries of $374,000.
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Capital returned to shareholders: The company paid a cash dividend of $0.02 per share on Oct. 20. It also approved a program on Aug. 20 to repurchase up to $4.0 million of its outstanding common stock. The authorization sets a potential amount for purchases; it does not establish how many shares, if any, have been bought.
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Tangible book value: Tangible book value was $5.63 per share, a non-GAAP measure.
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Management’s outlook on activity: Riverview said its loan pipeline was among the strongest in its history. It described Vancouver and Clark County as its core growth market, with Northwest Oregon as a complementary area for relationship growth.
Plain-English implications
The quarter’s higher net interest margin and lower borrowing costs support the improvement in earnings, while higher non-interest expenses partly offset stronger interest income. The dividend and repurchase authorization represent two forms of potential capital return; the filing confirms the dividend was paid but does not report repurchases under the new program.