Key Highlights

  • Riverview’s $0.02 quarterly Dividend trades ex-dividend October 9, 2026, with payment on October 20 to shareholders of record.
  • Fiscal first-quarter Net Income was $1.7 million, or $0.08 per diluted share, compared with $1.2 million, or $0.06.
  • Net interest Margin was 3.34%, up 56 basis points from 2.78%, and net interest income was $11.4 million.
  • The company announced a $4.0 million stock repurchase program on August 26, 2026, and holds Assets of $1.47 billion.

Riverview Bancorp, Inc. (NASDAQ:RVSB) declared a quarterly Cash Dividend of $0.02 per share, a Yield of 1.37%, payable October 20 to shareholders of record on October 9, 2026. The $0.02 amount equals 25.0% of fiscal first-quarter diluted EPS of $0.08. Net income was $1.7 million ($1,694 thousand).

Dividend Program and Shareholder Returns

The board approved the dividend on September 25, 2026, and the company announced it on September 28, describing it as the 47th consecutive quarterly cash dividend. The $0.02 amount is unchanged from the preceding quarter, payable October 20 to holders of record on October 9. The shares trade ex-dividend on October 9.

The $0.02 quarterly amount equals $0.08 on an annualized basis, a computed figure. On August 26, 2026, the company announced a $4.0 million stock repurchase program. Each dividend remains subject to board approval.

About the Company

Riverview Bancorp, Inc. is a bank Holding Company with assets of $1.47 billion at June 30, 2026. Net loans were $1,077,963 thousand, net of a $15,336 thousand allowance. Nonperforming assets were $8.7 million, or 0.59% of total assets.

Fiscal First-Quarter Earnings and Margin

For the quarter ended June 30, 2026, net income was $1,694 thousand, or $0.08 per diluted share, compared with $1,225 thousand, or $0.06. The prior quarter was a loss of $8.0 million, or $(0.39).

Net interest income was $11,396 thousand, compared with $9,841 thousand, and the net interest margin was 3.34%, compared with 2.78%. Noninterest income was $3,618 thousand, compared with $3,426 thousand, and noninterest expense was $12,885 thousand, compared with $11,720 thousand.

Securities Sale and Credit Metrics

On March 25, 2026, Riverview reclassified its held-to-maturity portfolio to available-for-sale and sold $149.3 million of lower-yielding Book Value Investment securities. The company said the Balance Sheet optimization contributed about 26 basis points of net interest margin and $0.04 of diluted EPS. The prior quarter included an $11,350 thousand pre-tax loss on the sale.

Nonperforming loans were 0.80% of total loans, compared with 0.01% a year earlier. The company recorded no provision for credit losses in the quarter.

Earnings and Dividend Relationships

Net income rose 38.3% and net interest income rose 15.8%, both computed from the reported figures. Noninterest expense rose 9.9%, also computed. Net interest income plus noninterest income less noninterest expense was $2,129 thousand, compared with $1,547 thousand, a computed measure that excludes provisions and taxes.

The $4.0 million repurchase program equals 236% of fiscal first-quarter net income of $1,694 thousand, a computed ratio. The annualized $0.08 dividend equals the fiscal first-quarter diluted EPS of $0.08.

The net interest margin widened 56 basis points, and net income improved by $9,694 thousand from the prior quarter’s $8.0 million loss, both computed. Pre-provision net Revenue of $2,129 thousand rose 37.6% from $1,547 thousand, a computed measure. Net loans of $1,077,963 thousand equal about 73.3% of $1.47 billion in assets, and the $15,336 thousand allowance equals 1.40% of loans before the allowance, both computed, with nonperforming assets at 0.59% of total assets.

Outlook

Riverview’s $0.02 quarterly dividend is payable October 20 to shareholders of record on October 9, 2026. The 3.34% net interest margin, the 0.80% nonperforming Loan ratio, the $4.0 million repurchase program, and the absence of a provision for credit losses are the relevant considerations.