Riverview Bancorp Reports Net Income of $2.0 Million in Second Quarter 2027

Nicole Sherman, President and Chief Executive Officer of Riverview Bancorp

“Our second fiscal quarter results show we are delivering on the milestones we set out to achieve”

Nicole Sherman, President and Chief Executive Officer of Riverview Bancorp

“Six months after completing our strategic balance sheet optimization, we are seeing the benefits come through our earnings.”

Nicole Sherman, President and Chief Executive Officer of Riverview Bancorp

“We reported our highest net income in 12 quarters, and our loan pipeline is one of the strongest in our history.”

Nicole Sherman, President and Chief Executive Officer of Riverview Bancorp

“At the same time, we continued to improve our efficiency ratio, even as we invest in our technology while monitoring and being mindful of expenses.”

Nicole Sherman, President and Chief Executive Officer of Riverview Bancorp

“That combination of growth, profitability and discipline, positions us well heading into the second half of our fiscal year as we continue making meaningful progress towards normalized profitability metrics compared to our peers.”

David Lam, EVP and Chief Financial Officer of Riverview Bancorp

“The meaningful expansion in net interest margin during the quarter demonstrates the cumulative benefit of our balance sheet repositioning and sustained cost discipline. Together these initiatives have established a durable foundation for long-term growth.”

Mike Sventek, EVP and Chief Lending Officer of Riverview Bancorp

“Sustained progress in repricing existing loans, pricing new originations, and consistently improving the overall composition of our loan portfolio has driven loan yield margin expansion this quarter as we continue to see growth in each line of business.”

Mike Sventek, EVP and Chief Lending Officer of Riverview Bancorp

“Our loan yield for the quarter increased by six basis points relative to the prior quarter and increased 19 basis points compared to the second fiscal quarter of 2026.”

Dan Cox, EVP and Chief Operating Officer of Riverview Bancorp

“Non-interest expenses remained essentially flat during the quarter, reflecting our continued focus on disciplined expense management.”

Dan Cox, EVP and Chief Operating Officer of Riverview Bancorp

“Annual compensation increases and stock-related expenses tied to the Company’s annual meeting were largely offset by lower advertising and sponsorship costs, as well as a decrease in legal fees.”

Dan Cox, EVP and Chief Operating Officer of Riverview Bancorp

“Going forward, we will continue to invest in our people and key infrastructure while managing costs carefully.”

Dan Cox, EVP and Chief Operating Officer of Riverview Bancorp

“These investments strengthen our business operations and improve our ability to deliver stronger performance, efficiency and stability, in line with our goal of maximizing shareholder returns.”

Robert Benke, EVP and Chief Credit Officer of Riverview Bancorp

“Disciplined underwriting and close portfolio monitoring remains at the core of how we manage credit, particularly as interest rates trend upward.”

Robert Benke, EVP and Chief Credit Officer of Riverview Bancorp

“Our asset quality held up well this quarter, and the proactive communication our bankers maintain with clients allows us to identify and mitigate emerging issues early, including any strain from higher borrowing costs.”