secwatch.observer — SEC 8-K summary
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Issuer:     RIVERVIEW BANCORP INC (RVSB)
CIK:        0001041368
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000939057-23-000204
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riverview Bancorp Q1 EPS $0.13, down 38% YoY; NIM contracts to 2.79%
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- Net income $2.8M ($0.13 diluted EPS) vs $4.7M ($0.21) a year ago and $3.0M ($0.14) prior quarter.
- Net interest income $10.4M, down 18% YoY; NIM fell to 2.79% from 3.11% a year ago.
- Deposits decreased to $1.24B from $1.27B prior quarter; FHLB advances $136.1M.
- Recorded no provision for credit losses; allowance for credit losses 1.53% of total loans.
- Efficiency ratio worsened to 73.1% from 61.9% a year ago; dividend maintained at $0.06/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041368/000093905723000204/0000939057-23-000204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041368/000093905723000204/riv8k72723.htm
  HTML page:      https://secwatch.observer/filing/0000939057-23-000204

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