Riverview Bancorp Q1 EPS $0.05, NIM 2.47%, names Nicole Sherman CEO

RIVERVIEW BANCORP INC

2025-Q1 EPS reported $0.05

Net income fell to $966k ($0.05 diluted EPS) from $2.8M ($0.13) a year ago, reflecting higher deposit costs.
Net interest margin improved to 2.47% from 2.32% prior quarter due to loan growth and balance sheet restructuring.
Total loans grew $21.1M to $1.05B; office building portfolio stable at $113.4M with low LTV (54.7%).
Nicole Sherman appointed President & CEO effective July 1, 2024; Dan Cox resumes COO role.
Asset quality remains strong: non-performing assets $461k (0.03% of assets); no provision for credit losses.

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