Riverview Bancorp Q3 fiscal 2024 net income down to $1.5M ($0.07 EPS) from $2.5M prior quarter

RIVERVIEW BANCORP INC

2024-Q3 EPS reported $0.32

Net interest income $9.3M vs $9.9M prior qtr and $13.7M year ago; NIM fell to 2.49% from 2.63%.
Net income $1.5M ($0.07 diluted EPS) compared to $2.5M ($0.12) in Q2 and $5.2M ($0.24) year ago.
Total deposits dropped to $1.22B from $1.24B; deposit cost rose to 0.68% from 0.59% sequentially.
Non-performing assets only $186,000 (0.01% of assets); no provision for credit losses recorded.
Efficiency ratio worsened to 85.2% vs 76.1% prior quarter and 59.1% year ago.

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 third fiscal quarter ended December 31, 2023 results: net income $1.5 million, EPS $0.07 per diluted share.

Period: the third fiscal quarter ended December 31, 2023
Net income: $1.5 million
EPS: $0.07 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 $1.5 million, or $0.07 per diluted share, in the third fiscal quarter ended December 31, 2023, compared to $2.5 million, or $0.12 per diluted share, in the second fiscal quarter ended September 30, 2023, and $5.2 million, or $0.24 per diluted share, in the third fiscal quarter a year ago.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RIVERVIEW BANCORP INC reported the first nine months of fiscal 2024 results: net income $6.8 million, EPS $0.32 per diluted share.

Period: the first nine months of fiscal 2024
Net income: $6.8 million
EPS: $0.32 per diluted share
Result: reported results

Exact text from the filing

In the first nine months of fiscal 2024, net income was $6.8 million, or $0.32 per diluted share, compared to $15.1 million, or $0.69 per diluted share, in the first nine months of fiscal 2023.

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Source: SEC EDGAR

accession 0000939057-24-000029

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