VANCOUVER, Wash., Oct 28, 2014 (GLOBE NEWSWIRE via COMTEX) -- Riverview Bancorp, Inc. (Nasdaq:RVSB) ("Riverview" or the "Company") today reported that it earned $1.1 million, or $0.05 per diluted share, in the second fiscal quarter ended September 30, 2014, compared to $740,000, or $0.03 per diluted share, in the previous quarter and $341,000, or $0.02 per diluted share, in the second fiscal quarter a year ago.
"In the first half of fiscal 2015, we have generated solid results on virtually every metric with improving profitability, strengthening asset quality, growth in loans and deposits, and better operating efficiencies," stated Pat Sheaffer, Chairman and CEO. "As the regional economic recovery continues to build, we are seeing increasing demand for loans and financial services from business owners and retail customers throughout the greater Vancouver and Portland markets that we serve. We believe that our franchise is starting to generate forward momentum and we are encouraged by the outlook for our business in the next few years."
Second Quarter Highlights (at or for the period ended September 30, 2014)
-- Second quarter net income was $1.1 million, or $0.05 per diluted share.
-- Net loans increased to $540.8 million, compared to $509.4 million a year ago (6.2% increase).
-- Non-interest bearing checking account balances increased to $145.1 million, compared to $118.1 million a year ago (22.9% increase).
-- Classified assets decreased $8.5 million during the quarter to $25.2 million (25.1% decline).
-- Nonperforming assets decreased $3.5 million during the quarter to $15.4 million (18.6% decline).
-- Total risk-based capital ratio was 16.78% and Tier 1 lever
Recent RVSB News
- Riverview Bancorp Reports Fourth Fiscal Quarter 2024 and Fiscal Year 2024 Financial Results; Announces Balance Sheet Restructuring • GlobeNewswire Inc. • 04/25/2024 08:25:26 PM
- Riverview Bancorp Declares Quarterly Cash Dividend of $0.06 Per Share • GlobeNewswire Inc. • 04/01/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:31:22 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 01:07:09 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/24/2024 12:48:30 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/24/2024 12:42:55 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/24/2024 12:34:20 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:06:47 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/13/2024 09:10:48 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/08/2024 08:36:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/31/2024 08:42:00 PM
- Riverview Bancorp Earns $1.5 Million in Third Fiscal Quarter 2024 • GlobeNewswire Inc. • 01/25/2024 09:04:04 PM
- Riverview Bancorp Declares Quarterly Cash Dividend of $0.06 Per Share • GlobeNewswire Inc. • 12/26/2023 09:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 08:27:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/07/2023 11:00:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/31/2023 06:04:34 PM
- Riverview Bancorp Earns $2.5 Million in Second Fiscal Quarter 2024 • GlobeNewswire Inc. • 10/26/2023 08:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/03/2023 06:46:24 PM
- Riverview Bancorp Declares Quarterly Cash Dividend of $0.06 Per Share • GlobeNewswire Inc. • 10/02/2023 08:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2023 08:17:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/07/2023 10:14:50 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/31/2023 09:26:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2023 09:17:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2023 04:46:58 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM