Overview

• Riverview Bancorp's Q2 net income fell to $1.1 mln from $1.6 mln a year ago

• Net interest income increased to $9.8 mln from $8.9 mln in fiscal Q2 2025

• Company adopted a $2.0 mln stock repurchase plan in April 2025

Outlook

• Riverview expects strong loan demand to support growth

• Riverview aims to pursue growth in commercial, industrial, and treasury management sectors

Result Drivers

• HIGHER ASSET YIELDS - Increase in net interest income driven by higher asset yields and loan repricing

• STRONG LOAN PIPELINE - Loan demand remains strong, supported by expansion of lending teams and digital platforms

• CREDIT QUALITY - Maintained strong credit quality with non-performing assets at 0.05% of total assets and no provision for credit losses

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Riverview Bancorp Inc is $7.00, about 26% above its October 27 closing price of $5.18

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nGNX5rS4VS

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)