Riverview Bancorp Q4 EPS $0.14 vs $0.24 prior quarter; NIM 3.16%, provision $750K

RIVERVIEW BANCORP INC

2023-FY EPS reported $0.83

Net income $3.0M ($0.14 diluted EPS) vs $5.2M ($0.24) in Q3 and $4.1M ($0.19) a year ago.
Net interest margin 3.16% vs 3.48% prior quarter; net interest income $11.8M, down from $13.7M.
Recorded $750K provision for loan losses vs no provision prior quarter; non-performing loans remain low at $265K.
Deposits fell to $1.27B from $1.37B; uninsured deposit ratio 18.0%; strong liquidity $249M available.
Loan pipeline doubled to $54.5M from $27.3M; tangible book value per share $6.02.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RIVERVIEW BANCORP INC reported the quarter and year ended March 31, 2023 results: net income $3.0 million, or $0.14 per diluted share, EPS $0.14 per diluted share.

Period: the quarter and year ended March 31, 2023
Net income: $3.0 million, or $0.14 per diluted share
EPS: $0.14 per diluted share
Result: reported results

Exact text from the filing

On April 27, 2023, Riverview Bancorp, Inc. issued its earnings release for the quarter and year ended March 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RIVERVIEW BANCORP INC reported fiscal 2023 results: net income $18.1 million, or $0.83 per diluted share, EPS $0.83 per diluted share.

Period: fiscal 2023
Net income: $18.1 million, or $0.83 per diluted share
EPS: $0.83 per diluted share
Result: reported results

Exact text from the filing

For fiscal 2023, net income was $18.1 million, or $0.83 per diluted share, compared to $21.8 million, or $0.98 per diluted share, in fiscal 2022.

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Source: SEC EDGAR

accession 0000939057-23-000124

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