---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-24-000029"
form_type: "8-K"
ticker: "RVSB"
cik: "0001041368"
company_name: "RIVERVIEW BANCORP INC"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T12:43:34.180856+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000939057-24-000029
- form_type: 8-K
- ticker: RVSB
- cik: 0001041368
- company_name: RIVERVIEW BANCORP INC
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041368/000093905724000029/0000939057-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041368/000093905724000029/riv8k12524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-24-000029
- JSON: https://secwatch.observer/filing/0000939057-24-000029.json
- Plain text: https://secwatch.observer/filing/0000939057-24-000029.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041368/000093905724000029/0000939057-24-000029-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041368/000093905724000029/0000939057-24-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.