AI Earnings Predictions for Riverview Bancorp Inc (RVSB)

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EX-99.1

2 riv8k42826exh991.htm

Exhibit 99.1

Contact:

Nicole Sherman

David Lam

Riverview Bancorp, Inc. 360-693-6650

Riverview Bancorp Reports Fiscal Fourth Quarter 2026

and Fiscal Year 2026 Results

Fiscal Fourth Quarter 2026 Comparison Highlights

Net Interest Income and Net Interest Margin

• $10.2 million net interest income for the quarter compared to $9.2 million in Fiscal Q4 2025

• Net interest margin at 2.92% for the quarter compared to 2.65% in Fiscal Q4 2025

Credit Quality

• Non-performing assets at 0.53% of total assets and 0.71% of total loans in Fiscal Q4 2026

• $1.2 million provision booked for the quarter and net charge-offs of $1.1 million

Non-Interest Income and Non-Interest Expense

• Non-interest income excluding balance sheet optimization (non-GAAP) of $3.3 million for the quarter, compared to $3.7 million in Fiscal Q4 2025

• Non-interest expense of $11.5 million for the quarter compared to $11.4 million in Fiscal Q4 2025

Shareholder Returns and Stock Activity

• On April 24, 2026, the Company paid a cash dividend of $0.02 per share

• Tangible book value per share was $5.76

• Stock repurchase plan:

• $4.0 million stock repurchase plan adopted by the Board of Directors on January 22, 2026

• Repurchased 130,059 shares during the quarter at an average price of $5.36

Vancouver, Washington – April 28, 2026 - Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today reported net income excluding strategic balance sheet optimization (non-GAAP) of $656,000, or $0.03 per diluted share, in the fourth fiscal quarter ended March 31, 2026. This compared to net income of $1.4 million, or $0.07 per diluted share, in the third fiscal quarter ended December 31, 2025, and $1.1 million, or $0.05 per diluted share, in the fourth fiscal quarter ended March 31, 2025. For the fourth fiscal quarter ended March 31, 2026, net loss was $8.0 million, or $0.39 per diluted share, as reported, which included the strategic balance sheet optimization.

For fiscal 2026, net income excluding balance sheet optimization (non-GAAP) was $4.4 million, or $0.21 per diluted share, compared to $4.9 million, or $0.23 per diluted share, for fiscal 2025. For fiscal 2026, net loss was $4.3 million inclusive of the strategic balance sheet optimization. Net income on a pre-tax, pre-provision basis excluding the balance sheet optimization (non-GAAP) increased to $2.0 million for the fourth fiscal quarter ended March 31, 2026, compared to $1.8 million in the third fiscal quarter ended December 31, 2025, and $1.5 million in the fourth fiscal quarter ended March 31, 2025.

Riverview Fourth Fiscal Quarter 2026 Results

April 28, 2026

Page 2

On March 25, 2026, Riverview implemented a strategic balance sheet optimization that included the reclassification of its entire portfolio of held-to-maturity (“HTM”) securities to available-for-sale (“AFS”) securities. After the reclassification, Riverview sold $149.3 million in lower-yielding book value investment securities, with an average yield of 1.62%, for a pre-tax loss of $11.4 million. The sales generated $137.9 million of cash proceeds. A targeted approach was used to identify lower-yielding bonds, balancing the respective loss in relation to its book value. The goal was to minimize the loss while maximizing proceeds from the sale. Dependent upon the combination of the full redeployment of funds, Riverview expects the estimated earn-back will be less than 3.5 years. Once fully realized, the strategic optimization is expected to add approximately 25 basis points to net interest margin and approximately $0.13 to earnings per share annually.

“The repositioning of our securities portfolio represents a deliberate deployment of excess capital that we expect to meaningfully enhance net interest margin and strengthen long-term earnings power. That expansion is already underway, our loan pipeline remains strong, and profitability is positioned to improve, driven by disciplined growth in our commercial and business banking segments. We are capturing quality opportunities across our markets, and we are confident these combined efforts are building lasting value for our shareholders,” stated Nicole Sherman, President and Chief Executive Officer. “We are now into the second year of our three-year strategic plan, and the momentum is accelerating. The commercial and industrial lending pipeline continues to grow, business banking is gaining traction, and our treasury management platforms have expanded to fit our clients’ needs. Our focus remains disciplined and our direction is clear.”

Franchise Footprint

Riverview holds a unique distinction as the only bank headquartered in Vancouver, Washington — putting us at the heart of one of the Pacific Northwest's most exciting growth stories. Clark County has transformed into a formidable economic center, and Vancouver itself has become a genuine destination, earning the #3 spot on moveBuddha's 2026 Moving Forecast of Most

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 27, 2026

RIVERVIEW BANCORP, INC.

(Exact name of registrant as specified in its charter)

Washington

000-22957

91-1838969

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

900 Washington Street, Suite 900, Vancouver, Washington

98660

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code:  (360) 693-6650

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, Par Value $0.01 per share

RVSB

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Item 2.02 Results of Operations and Financial Condition.

On January 27, 2026, Riverview Bancorp, Inc. issued its earnings release for the quarter ended December 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits.

(d) Exhibits

99.1

News Release of Riverview Bancorp, Inc. dated January 27, 2026.

104     Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

RIVERVIEW BANCORP, INC.

Date: January 28, 2026

/S/ David Lam

David Lam

Chief Financial Officer

(Principal Financial Officer)