Riverview Bancorp Reports Net Income of $2.0 Million in Second Quarter 2027
Riverview Bancorp reported fiscal Q2 2027 net income of $2.0 million, or $0.10 per diluted share, up from $1.1 million ($0.05) in the year-ago quarter — its highest net income in 12 quarters. Net interest income rose to $11.8 million from $9.8 million a year ago, with the net interest margin expanding 64 bps YoY to 3.40%, driven by the March 2026 balance sheet optimization and loan repricing. Credit remained stable with NPAs at 0.58% of total assets, no provision, and $374,000 in net recoveries. Loan growth continued with total loans up $14.5 million sequentially to $1.11 billion and a record $139.6 million pipeline; deposits grew to $1.28 billion.
Key figures
- Eps
- 0.1
- Net income
- 2000000
- Total loans
- 1110000000
- Loan pipeline
- 139600000
- Total deposits
- 1280000000
- Efficiency ratio
- 83.74%
- Dividend per share
- 0.02
- Net interest income
- 11800000
- Net interest margin
- 3.40%
- Non interest income
- 3600000
- Nim yoy bps increase
- 64
- Non interest expense
- 12900000
- Nonperforming assets ratio
- 0.58%
- Allowance for credit losses
- 15700000
- Tangible book value per share
- 5.63
AI analysis
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