earnings
confidence high
sentiment positive
materiality 0.75
Riverview Bancorp Q2 FY2022 net income $6.4M, EPS $0.29; dividend raised 10% to $0.055
RIVERVIEW BANCORP INC
2022-Q2 EPS reported
$0.55
- Net income $6.4M ($0.29 diluted EPS) vs $5.8M ($0.26) prior quarter and $2.5M ($0.11) year ago.
- Net interest income $12.4M; NIM 3.12%. Total loans +$25.1M (11.2% annualized); non-PPP loans +$47.9M.
- Deposits +$93.7M to $1.51B; deposit cost 0.11%. Recapture of loan losses $1.1M; NPAs 0.03% of assets.
- Quarterly dividend raised 10% to $0.055/share. Stock buyback: 249,908 shares at avg $6.89 under $5M plan.