Riverview Bancorp Reports FY26 Net Loss of $4.3M, EPS $(0.21) on Strategic Securities Sale
Summary
Riverview Bancorp reported a full-year 2026 net loss of $4.3 million, or $(0.21) per diluted share, on $62 million in revenue. This marks a significant swing from the prior year's $4.9 million net income. The annual loss follows the Q4 2026 net loss of $8.0 million ($0.39 EPS) reported in April. The company attributes the full-year loss primarily to an $11.4 million pre-tax loss from a strategic sale of lower-yielding securities, as detailed in the 10-K filed today. While net interest income grew 11% and the company repositioned its loan portfolio towards higher-yield assets, the significant net loss for the year is a material negative financial outcome.
At the time of this announcement, RVSB was trading at $6.00 on NASDAQ in the Finance sector, with a market capitalization of approximately $124.2M. The 52-week trading range was $4.74 to $6.22. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.