Riverview Bancorp Q2 FY2024 EPS $0.12, net income $2.5M, NIM 2.63%

RIVERVIEW BANCORP INC

2024-Q2 EPS reported $0.25

Net income $2.5M ($0.12 diluted EPS) vs $5.2M ($0.24) a year ago; net interest income $9.9M vs $13.4M.
Net interest margin (NIM) 2.63% vs 3.30% a year ago, down 67 bps; loan growth 1.1% annualized 4.5%.
Deposits flat at $1.24B QoQ but down from $1.49B a year ago; FHLB borrowings $143.2M.
Credit quality stable: non-performing assets ex-gov't guaranteed $198K (0.01% total assets); ACL 1.51% of loans.
Cash dividend $0.06/share paid Oct 23; total risk-based capital ratio 16.91%, well above well capitalized.

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