Riverview Bancorp Q1 FY2027: Net Income $1.7M, But Delinquencies Jump
RVSB is trading near its 52-week low of $4.74 (12% above the low) on light trading volume (0.2× avg).
Summary
Riverview Bancorp posted Q1 FY2027 net income of $1.7 million, up from $1.2 million a year ago, but saw a sharp increase in delinquent and nonperforming loans.
Key Events · Earnings and Guidance · RVSB
-
Q1 Net Income Rises to $1.7M
Net income was $1.7 million, or $0.08 per diluted share, for the quarter ended June 30, 2026, compared to $1.2 million, or $0.06 per share, a year earlier.
-
Net Interest Margin Expands
Net interest margin increased to 3.34% from 2.78% year-over-year, driven by higher loan yields and lower funding costs.
-
Asset Quality Deteriorates
Nonperforming assets rose to $8.7 million (0.59% of total assets) from $7.8 million, and 30-89 day delinquencies jumped to $15.8 million from $6.5 million, primarily due to three CRE loans totaling $11.4 million.
-
Stock Repurchase Continues
The company repurchased 308,806 shares for $1.7 million during the quarter under its $4.0 million January 2026 repurchase program.
Analysis · RVSB · Finance
Riverview Bancorp reported net income of $1.7 million for the quarter ended June 30, 2026, a solid improvement from $1.2 million a year ago, driven by a wider net interest margin. However, asset quality deteriorated: nonperforming assets rose to $8.7 million and 30-89 day delinquencies more than doubled to $15.8 million, driven by three commercial real estate loans totaling $11.4 million. The bank also repurchased $1.7 million of stock during the quarter. The earnings are positive, but the jump in problem loans is a caution flag for a small community bank.
At the time of this filing, RVSB was trading at $5.32 on NASDAQ in the Finance sector, with a market capitalization of approximately $107.3M. The 52-week trading range was $4.74 to $6.22. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.