---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-24-000196"
form_type: "8-K"
ticker: "RVSB"
cik: "0001041368"
company_name: "RIVERVIEW BANCORP INC"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T14:48:44.395832+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000939057-24-000196
- form_type: 8-K
- ticker: RVSB
- cik: 0001041368
- company_name: RIVERVIEW BANCORP INC
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041368/000093905724000196/0000939057-24-000196-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041368/000093905724000196/riv8k72624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-24-000196
- JSON: https://secwatch.observer/filing/0000939057-24-000196.json
- Plain text: https://secwatch.observer/filing/0000939057-24-000196.txt

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