secwatch.observer — SEC 8-K summary
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Issuer:     RIVERVIEW BANCORP INC (RVSB)
CIK:        0001041368
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000939057-23-000320
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041368/000093905723000320/0000939057-23-000320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041368/000093905723000320/riv8k102623.htm
  HTML page:      https://secwatch.observer/filing/0000939057-23-000320

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