Riverview Bancorp Q3 fiscal 2023 net income $5.2M ($0.24 EPS); NIM expands to 3.48%

RIVERVIEW BANCORP INC

2023-Q3 EPS reported $0.69

Net income $5.2M ($0.24 diluted) vs $5.5M ($0.25) year ago; no provision for loan losses.
Net interest margin expanded to 3.48% from 2.96% YoY; net interest income rose to $13.7M.
Total deposits fell $123M to $1.37B; FHLB advances of $32.3M partially offset decline.
Non-performing loans ex-govt guaranteed were $236,000 (0.01% assets); allowance 1.43%.
Declared $0.06 quarterly dividend; board authorized $2.5M share repurchase program.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RIVERVIEW BANCORP INC reported third fiscal quarter ended December 31, 2022 results: net income $5.2 million, EPS $0.24 per diluted share.

Period: third fiscal quarter ended December 31, 2022
Net income: $5.2 million
EPS: $0.24 per diluted share
Result: reported results

Exact text from the filing

Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today reported earnings of $5.2 million, or $0.24 per diluted share, in the third fiscal quarter ended December 31, 2022

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Source: SEC EDGAR

accession 0000939057-23-000023

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