secwatch.observer — SEC 8-K summary
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Issuer:     RIVERVIEW BANCORP INC (RVSB)
CIK:        0001041368
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0000939057-24-000286
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riverview Bancorp Q2 FY2025 net income $1.6M ($0.07 EPS), down from $2.5M YoY
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- Net interest income $8.9M vs $9.9M YoY; NIM contracted to 2.46% from 2.63%.
- Total loans grew $15.9M in the quarter to $1.06B; deposits increased $17.8M to $1.24B.
- Non-performing assets remained low at $450K (0.03% of assets); provision for credit losses $100K.
- Board authorized a $2M stock repurchase program; quarterly dividend maintained at $0.02/share.
- Tangible book value per share improved to $6.33 from $5.90 a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041368/000093905724000286/0000939057-24-000286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041368/000093905724000286/riv8k102424.htm
  HTML page:      https://secwatch.observer/filing/0000939057-24-000286

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