secwatch.observer — SEC 8-K summary
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Issuer:     RIVERVIEW BANCORP INC (RVSB)
CIK:        0001041368
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000939057-24-000196
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041368/000093905724000196/0000939057-24-000196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041368/000093905724000196/riv8k72624.htm
  HTML page:      https://secwatch.observer/filing/0000939057-24-000196

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