RIVERVIEW BANCORP Navigates Equity Shifts in Q1 2026

TL;DR

**RVSB is showing dynamic equity movements, suggesting active capital management and diverse fee income streams, but watch AOCI for interest rate sensitivity.**

AI Summary

RIVERVIEW BANCORP INC reported its Q1 2026 results for the period ending June 30, 2025. While specific revenue and net income figures are not provided in the excerpt, the filing details changes in equity components. Retained Earnings stood at a certain value on June 30, 2025, compared to March 31, 2025, and June 30, 2024, indicating shifts in profitability or dividend distributions. Additional Paid-In Capital also saw changes, reflecting potential capital raises or share-based compensation impacts. Accumulated Other Comprehensive Income (AOCI) balances are reported, which can be influenced by unrealized gains or losses on available-for-sale securities. The company's common stock and various equity incentive plans, including Employee Stock Options, Performance Shares, and Time-Based Restricted Stock, show activity during the quarter. The weighted average for restricted stock was reported for the periods ending June 30, 2025, and June 30, 2024. Non-interest income streams such as Product and Service Other, Deposit Account fees, Debit Card fees, Bank Servicing fees, Trust Company Asset Management fees, and Loan Related Fees are listed, indicating the diverse revenue sources for the bank.

Why It Matters

For investors, understanding the shifts in Retained Earnings and Additional Paid-In Capital provides insight into RIVERVIEW BANCORP's capital management and profitability trends, crucial for dividend policy and future growth. Changes in Accumulated Other Comprehensive Income (AOCI) can signal interest rate sensitivity or credit quality issues within the bank's investment portfolio, directly impacting shareholder equity. The competitive landscape for regional banks like RIVERVIEW BANCORP is intense, and diversified fee income from Deposit Accounts, Debit Cards, and Trust Company Asset Management is vital for stability against fluctuating interest margins. Employees' compensation structures, particularly those tied to Employee Stock Options and Restricted Stock, are also detailed, linking their incentives to company performance.

Risk Assessment

Risk Level: medium — The filing indicates changes in Accumulated Other Comprehensive Income (AOCI) for RIVERVIEW BANCORP INC, which can be volatile due to unrealized gains or losses on available-for-sale securities, posing a risk to equity if interest rates move unfavorably. While specific numbers are not provided in the excerpt, the presence of AOCI as a fluctuating component of equity suggests exposure to market rate changes. Additionally, the reliance on various fee incomes like 'Product and Service Other' and 'Loan Related Fees' introduces business model risk if these revenue streams decline.

Analyst Insight

Investors should scrutinize RIVERVIEW BANCORP's full financial statements to understand the magnitude of changes in Retained Earnings, Additional Paid-In Capital, and AOCI. Pay close attention to the detailed breakdown of non-interest income to assess the stability and growth potential of these diversified revenue streams. A deeper dive into the loan portfolio's credit quality and interest rate sensitivity is warranted.

Revenue Breakdown

Key Numbers

• 2025-06-30 — Reporting Period End Date (The current quarter being reported for RIVERVIEW BANCORP INC.)
• 2025-03-31 — Previous Fiscal Year End (Comparison date for equity components like Retained Earnings and Additional Paid-In Capital.)
• 2024-06-30 — Prior Year Comparable Period (Comparison date for equity components and weighted average restricted stock.)
• 0001041368 — Central Index Key (CIK) (Unique identifier for RIVERVIEW BANCORP INC with the SEC.)

Key Players & Entities

• RIVERVIEW BANCORP INC (company) — filer of the 10-Q
• June 30, 2025 (date) — end of the reporting period
• March 31, 2025 (date) — previous fiscal year-end
• June 30, 2024 (date) — prior year comparable period
• Retained Earnings (dollar_amount) — equity component
• Additional Paid-In Capital (dollar_amount) — equity component
• Accumulated Other Comprehensive Income (dollar_amount) — equity component
• Employee Stock Option (person) — equity incentive plan
• Performance Shares (person) — equity incentive plan
• Time-Based Restricted Stock (person) — equity incentive plan

FAQ

Industry Context

Riverview Bancorp operates within the savings institution sector, which is characterized by a focus on deposit gathering and lending. The industry is highly competitive, with traditional banks, credit unions, and increasingly, fintech companies vying for market share. Key trends include digital transformation, evolving customer expectations for seamless online and mobile banking experiences, and a dynamic interest rate environment that impacts net interest margins.

Regulatory Implications

As a federally chartered savings institution, Riverview Bancorp is subject to stringent regulations from bodies like the Office of the Comptroller of the Currency (OCC) and the Federal Reserve. Compliance with capital adequacy requirements, liquidity rules, and consumer protection laws is paramount. Changes in regulatory policy, such as those related to lending standards or capital reserves, can significantly impact operations and profitability.

What Investors Should Do

1. Monitor trends in non-interest income segments.
2. Analyze changes in equity components (Retained Earnings, APIC, AOCI).
3. Track employee equity award activity.

Key Dates

• 2025-06-30: Quarterly Report (10-Q) Filing Period End Date — Marks the end of the reporting period for the Q1 2026 results.
• 2025-03-31: Previous Fiscal Year End / Prior Quarter End — Used as a comparison point for equity components like Retained Earnings and Additional Paid-In Capital.
• 2024-06-30: Prior Year Comparable Period End — Used for year-over-year comparisons of equity components and weighted average restricted stock.
• 2025-08-08: 10-Q Filing Date — Indicates when the company officially submitted its quarterly financial report to the SEC.

Glossary

Retained Earnings

The cumulative amount of net income that a company has retained over time, after paying out dividends. (Changes in retained earnings reflect the company's profitability and dividend policy over the reported periods.)

Additional Paid-In Capital

The amount investors have paid for stock above its par value. (Changes can indicate stock issuance, share repurchases, or the impact of stock-based compensation.)

Accumulated Other Comprehensive Income (AOCI)

A measure of unrealized gains and losses on certain investments and foreign currency translations that have not yet been realized. (Fluctuations in AOCI can impact total equity and are influenced by market conditions for available-for-sale securities.)

Common Stock

Represents ownership in a corporation and typically includes voting rights. (Activity in common stock accounts can reflect share issuances or repurchases.)

Employee Stock Options

The right granted to employees to purchase company stock at a predetermined price within a specified period. (Indicates equity-based compensation plans and potential future dilution.)

Performance Shares

Stock awards granted to employees that vest based on the achievement of specific company performance goals. (Represents a form of incentive compensation tied to company performance.)

Time-Based Restricted Stock

Stock awards granted to employees that vest over a specified period of time, regardless of performance metrics. (Represents a form of incentive compensation tied to employee retention.)

Weighted Average

An average calculated by multiplying each value by its assigned weight and summing the results. (Used here to calculate an average number of shares for equity awards, smoothing out fluctuations during the period.)

Year-Over-Year Comparison

The provided filing details changes in equity components such as Retained Earnings, Additional Paid-In Capital, and Accumulated Other Comprehensive Income (AOCI) between the current quarter (ending June 30, 2025) and prior periods (March 31, 2025, and June 30, 2024). While specific revenue and net income figures are not detailed in this excerpt, the changes in these equity accounts suggest shifts in profitability or dividend distributions. The filing also highlights activity in various employee equity incentive plans and lists several non-interest income streams, indicating a focus on diversified revenue generation compared to the prior year.

Key Financial Figures

• $0.01 — ch registered Common Stock , Par Value $0.01 per share RVSB The NASDAQ Stock Mar

Filing Documents

• rvsb-20250630x10q.htm (10-Q) — 3802KB
• rvsb-20250630xex31d1.htm (EX-31.1) — 14KB
• rvsb-20250630xex31d2.htm (EX-31.2) — 14KB
• rvsb-20250630xex32.htm (EX-32) — 9KB
• 0000939057-25-000203.txt ( ) — 16492KB
• rvsb-20250630.xsd (EX-101.SCH) — 52KB
• rvsb-20250630_cal.xml (EX-101.CAL) — 91KB
• rvsb-20250630_def.xml (EX-101.DEF) — 231KB
• rvsb-20250630_lab.xml (EX-101.LAB) — 512KB
• rvsb-20250630_pre.xml (EX-101.PRE) — 409KB
• rvsb-20250630x10q_htm.xml (XML) — 4815KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 4 Consolidated Balance Sheets as of June 30, 2025 and March 31, 2025 4 Consolidated Statements of Income for the Three Months Ended June 30, 2025 and 2024 5 Consolidated Statements of Comprehensive Income for the Three Months Ended June 30, 2025 and 2024 6 Consolidated Statements of Shareholders' Equity for the Three Months Ended June 30, 2025 and 2024 7 Consolidated Statements of Cash Flows for the Three Months Ended June 30, 2025 and 202 4 8

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 9 Item 2:

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 3:

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 45 Item 4:

Controls and Procedures

Controls and Procedures 45 Part II. Other Information 46 Item 1:

Legal Proceedings

Legal Proceedings 46 Item 1A:

Risk Factors

Risk Factors 46 Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 46 Item 3: Defaults Upon Senior Securities 46 Item 4: Mine Safety Disclosures 46 Item 5: Other Information 46 Item 6: Exhibits 47

SIGNATURES

SIGNATURES 48 Certifications Exhibit 31.1 Exhibit 31.2 Exhibit 32 Table of Contents

Forward-Looking Statements

Forward-Looking Statements As used in this Form 10-Q, the terms "we," "our," "us," "Riverview" and "Company" refer to Riverview Bancorp, Inc. and its consolidated subsidiaries, including its wholly-owned subsidiary, Riverview Bank (the "Bank"), unless the context indicates otherwise. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995 ("PSLRA"): When used in this Form 10-Q, the words "believes," "expects," "anticipates," "estimates," "forecasts," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook," or similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could," or similar expressions are intended to identify "forward-looking statements" within the meaning of the PSLRA. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, assumptions, future economic performance and projections of financial items. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by our forward-looking statements, including, but not limited to: Adverse impacts on economic conditions in our local markets or, other markets where we have lending relationships. Effects of employment levels, labor shortages, persistent inflation, recessionary pressures, or slowing economic growth. Changes in interest rate levels and the duration of such changes, including actions by the Board of Governors of the Federal Reserve System ("Federal Reserve"). The impact of inflation and monetary and fiscal policy responses thereto. Effects of a federal government shutdown, debt ceiling standoff, or other fiscal uncertainty. Bank failures or adverse developments at other banks, and any governmental or societal responses. Credit risks of lending activities, including loan delinquencies, write-offs, changes in

Financial Information

Part I. Financial Information

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2025 AND MARCH 31, 2025 June 30, March 31, (In thousands, except share and per share data) (Unaudited) 2025 2025 ASSETS Cash and cash equivalents (including interest earning deposits in other banks of $ 15,192 and $ 14,375 ) $ 34,172 $ 29,414 Investment securities: Available for sale, at estimated fair value 118,777 119,436 Held to maturity, at amortized cost (estimated fair value of $ 171,776 and $ 175,392 ) 197,478 203,079 Loans receivable (net of allowance for credit losses of $ 15,426 and $ 15,374 ) 1,052,654 1,047,086 Prepaid expenses and other assets 12,455 12,523 Accrued interest receivable 4,493 4,525 Federal Home Loan Bank ("FHLB") stock, at cost 5,516 4,342 Premises and equipment, net 21,867 22,304 Financing lease right-of-use ("ROU") asset 1,106 1,125 Deferred income taxes, net 8,286 8,625 Goodwill 27,076 27,076 Core deposit intangible ("CDI"), net 147 171 Bank owned life insurance ("BOLI") 32,616 33,617 TOTAL ASSETS $ 1,516,643 $ 1,513,323 LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES: Deposits $ 1,209,893 $ 1,232,328 Accrued expenses and other liabilities 12,498 14,777 Advance payments by borrowers for taxes and insurance 558 614 FHLB advances 102,500 76,400 Junior subordinated debentures 27,113 27,091 Finance lease liability 2,080 2,099 Total liabilities 1,354,642 1,353,309 COMMITMENTS AND CONTINGENCIES (See Note 13) SHAREHOLDERS' EQUITY: Serial preferred stock, $ .01 par value; 250,000 shares authorized; issued and outstanding: none — — Common stock, $ .01 par value; 50,000,000 shares authorized June 30, 2025 – 20,976,200 shares issued and outstanding 208 208 March 31, 2025 – 20,976,200 shares issued and outstanding Additional paid-in capital 53,501 53,392 Retained earnings

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements (Unaudited) 1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Quarterly Reports on Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of financial condition, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America ("generally accepted accounting principles" or "GAAP"). However, all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim unaudited consolidated financial statements have been included. All such adjustments are of a normal recurring nature. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Riverview Bancorp, Inc. Annual Report on Form 10-K for the year ended March 31, 2025 ("2025 Form 10-K"). The unaudited consolidated results of operations for the three months ended June 30, 2025 are not necessarily indicative of the results which may be expected for the entire fiscal year ending March 31, 2026. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the current period presentation; such reclassifications had no effect on previously reported net income or total shareholders' equity. 2. PRINCIPLES OF CONSOLIDATION The accompanying consolidated financial statements include the accounts of Riverview Bancorp, Inc.; its wholly-owned s

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