secwatch.observer — SEC 8-K summary
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Issuer:     RIVERVIEW BANCORP INC (RVSB)
CIK:        0001041368
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000939057-22-000133
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Riverview Bancorp reports record FY2022 net income $21.8M; Q4 EPS $0.19 down from $0.25 prior quarter
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- Net income for fiscal 2022 more than doubled to $21.8M ($0.98 diluted EPS) vs $10.5M ($0.47) in fiscal 2021.
- Q4 net income $4.1M ($0.19 diluted EPS) vs $5.5M ($0.25) prior quarter; net interest margin 2.98%.
- Total loans increased $28.2M (11.9% annualized) during Q4, with organic growth of $28.5M; loan pipeline $101.4M.
- Non-performing assets rose to $22.1M (1.27% of assets) from $1.8M (0.11%) due to SBA guaranteed loan servicing transfer; company expects resolution.
- Recorded a $650,000 recapture of loan losses; total risk-based capital ratio 16.38%; Tier 1 leverage 9.19%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041368/000093905722000133/0000939057-22-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041368/000093905722000133/riv8k42822.htm
  HTML page:      https://secwatch.observer/filing/0000939057-22-000133

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