secwatch.observer — SEC 8-K summary
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Issuer:     RIVERVIEW BANCORP INC (RVSB)
CIK:        0001041368
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0000939057-22-000207
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riverview Bancorp Q1 FY2023 net income $4.7M; NIM expands to 3.11%
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- Net income of $4.7M ($0.21 diluted EPS) vs $4.1M ($0.19) prior quarter and $5.8M ($0.26) year ago.
- Net interest margin expanded to 3.11% from 2.98% prior quarter; cost of deposits fell to 0.07%.
- Total loans increased $22.1M to $1.01B, driven by $26.8M purchase of 1-4 family loans; loan pipeline $66.8M.
- No provision for loan losses; non-performing loans (ex-govt guarantee) $262k, or 0.02% of assets.
- Deposits $1.50B, up 5.8% YoY; checking accounts 52% of deposits; quarterly cash dividend $0.06/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041368/000093905722000207/0000939057-22-000207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041368/000093905722000207/riv8k72822.htm
  HTML page:      https://secwatch.observer/filing/0000939057-22-000207

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