Riverview Bancorp Q3 fiscal 2022 net income $5.5M, $0.25 EPS; loan growth 20.9% annualized

RIVERVIEW BANCORP INC

2022-Q3 EPS reported $0.80

Net income $5.5M ($0.25 diluted EPS) vs $6.4M prior quarter and $4.0M year ago.
Net interest income $12.1M, net interest margin 2.96%, down 16 bps sequentially.
Loans increased $47.7M (20.9% annualized) driven by $30.2M organic growth and $35.1M purchased loans.
Recapture of loan losses $1.3M; allowance for loan losses 1.58% of total loans.
Non-performing assets 0.11% of total assets; classified assets down to $6.5M.

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