secwatch.observer — SEC 8-K summary
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Issuer:     RIVERVIEW BANCORP INC (RVSB)
CIK:        0001041368
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000939057-24-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041368/000093905724000029/0000939057-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041368/000093905724000029/riv8k12524.htm
  HTML page:      https://secwatch.observer/filing/0000939057-24-000029

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