In the Q1, Riverview Bancorp Inc's corporate clients experienced a decline by -12.13 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.46 %. During the corresponding time, Riverview Bancorp Inc recorded a revenue increase by 13.17 % year on year, sequentially revenue grew by 1413.51 %. While revenue at the Riverview Bancorp Inc's corporate clients recorded rose by 3.13 % year on year, sequentially revenue grew by 17.83 %.
Customers of Riverview Bancorp Inc saw their costs of revenue decline by -12.13 % in Q1 compare to a year ago, sequentially costs of revenue grew by 1.46 %, for the same period Riverview Bancorp Inc recorded revenue increase by 13.17 % year on year, sequentially revenue grew by 1413.51 %.
Riverview Bancorp Inc's Comment on Sales, Marketing and Customers
The Company conducts operations from its home office in Vancouver and 17 branch
offices located in Camas, Washougal, Stevenson, White Salmon, Battle Ground, Goldendale,
Vancouver (seven branch offices) and Longview, Washington and Portland, Gresham
and Aumsville, Oregon. We believe we are well positioned to attract new customers
and to increase our market share through our branch network. RAMCorp is located
in downtown Vancouver, Washington, and provides full-service brokerage activities,
trust and asset management services. Riverview Mortgage, a mortgage broker division
of the Bank, originates mortgage loans for various mortgage companies predominantly
in the Vancouver/Portland metropolitan areas, as well as for the Bank. The Banks
Business and Professional Banking Division, with two lending offices in Vancouver
and one lending office in Portland, Oregon offers commercial and business banking
services. The Bank also operates a lending office for mortgage banking activities
in Vancouver.
Vancouver is located in Clark County, Washington, which is just north of Portland,
Oregon. Many businesses are located in the Vancouver area because of the favorable
tax structure and lower energy costs in Washington as compared to Oregon. Companies
located in the Vancouver area include Sharp Microelectronics, Hewlett Packard,
Georgia Pacific, Underwriters Laboratory, Wafer Tech, Nautilus, Barrett Business
Services, PeaceHealth and Fisher Investments, as well as several support industries.
In addition to this industry base, the Columbia River Gorge Scenic Area and
the Portland metropolitan area are sources of tourism, which has helped to transform
the area from its past dependence on the timber industry.
Riverview Bancorp Inc’s Comment on Sales, Marketing and Customers
The Company conducts operations from its home office in Vancouver and 17 branch
offices located in Camas, Washougal, Stevenson, White Salmon, Battle Ground, Goldendale,
Vancouver (seven branch offices) and Longview, Washington and Portland, Gresham
and Aumsville, Oregon. We believe we are well positioned to attract new customers
and to increase our market share through our branch network. RAMCorp is located
in downtown Vancouver, Washington, and provides full-service brokerage activities,
trust and asset management services. Riverview Mortgage, a mortgage broker division
of the Bank, originates mortgage loans for various mortgage companies predominantly
in the Vancouver/Portland metropolitan areas, as well as for the Bank. The Banks
Business and Professional Banking Division, with two lending offices in Vancouver
and one lending office in Portland, Oregon offers commercial and business banking
services. The Bank also operates a lending office for mortgage banking activities
in Vancouver.
Vancouver is located in Clark County, Washington, which is just north of Portland,
Oregon. Many businesses are located in the Vancouver area because of the favorable
tax structure and lower energy costs in Washington as compared to Oregon. Companies
located in the Vancouver area include Sharp Microelectronics, Hewlett Packard,
Georgia Pacific, Underwriters Laboratory, Wafer Tech, Nautilus, Barrett Business
Services, PeaceHealth and Fisher Investments, as well as several support industries.
In addition to this industry base, the Columbia River Gorge Scenic Area and
the Portland metropolitan area are sources of tourism, which has helped to transform
the area from its past dependence on the timber industry.
Sources:
Riverview Bancorp Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Riverview Bancorp Inc’s corporate clients.
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