Riverview Bancorp Inc (RVSB) |
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Price: $4.9000
$0.02
0.410%
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Day's High:
| $5.05
| Week Perf:
| -1.21 %
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Day's Low: |
$ 4.82 |
30 Day Perf: |
0.82 % |
Volume (M): |
65 |
52 Wk High: |
$ 6.57 |
Volume (M$): |
$ 316 |
52 Wk Avg: |
$5.43 |
Open: |
$4.85 |
52 Wk Low: |
$4.17 |
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Market Capitalization (Millions $) |
103 |
Shares
Outstanding (Millions) |
21 |
Employees |
229 |
Revenues (TTM) (Millions $) |
53 |
Net Income (TTM) (Millions $) |
10 |
Cash Flow (TTM) (Millions $) |
13 |
Capital Exp. (TTM) (Millions $) |
4 |
Riverview Bancorp Inc
Riverview Bancorp, Inc., a Washington corporation, is the savings and loan holding
company of Riverview Community Bank (the "Bank"). The Companys executive
offices are located in Vancouver, Washington.
The Company is subject to regulation by the Board of Governors of the Federal
Reserve Systems ("Federal Reserve"). Substantially all of the Companys
business is conducted through the Bank which is regulated by the Office of the
Comptroller of the Currency ("OCC"), its primary regulator, and by
the Federal Deposit Insurance Corporation ("FDIC"), the insurer of
its deposits. The Banks deposits are insured by the FDIC up to applicable legal
limits under the Deposit Insurance Fund ("DIF"). The Bank has been
a member of the Federal Home Loan Bank System ("FHLB") of Des Moines,
which is one of the 11 regional banks in the Federal Home Loan Bank System ("FHLB
System").
As a progressive, community-oriented financial services company, the Company
emphasizes local, personal service to residents of its primary market area.
The Company considers Clark, Cowlitz, Klickitat and Skamania counties of Washington
and Multnomah and Marion counties of Oregon as its primary market area. The
counties of Multnomah, Clark and Skamania are part of the Portland metropolitan
area as defined by the U.S. Census Bureau. The Company is engaged predominantly
in the business of attracting deposits from the general public and using such
funds in its primary market area to originate commercial business, commercial
real estate, multi-family real estate, land, real estate construction, residential
real estate and other consumer loans.
The Companys strategic plan includes targeting the commercial banking customer
base in its primary market area for loan originations and deposit growth, specifically
small and medium size businesses, professionals and wealth building individuals.
In pursuit of these goals, the Company will seek to increase the loan portfolio
consistent with its strategic plan and asset/liability and regulatory capital
objectives, which includes maintaining a significant amount of commercial and
commercial real estate loans in its loan portfolio. Significant portions of
our new loan originations – which are mainly concentrated in commercial
business, commercial real estate and multifamily loans – carry adjustable
rates, higher yields or shorter terms and higher credit risk than traditional
fixed-rate consumer real estate one-to-four family mortgages.
The Companys lending activities are subject to the written, non-discriminatory,
underwriting standards and loan origination procedures established by the Banks
Board of Directors ("Board") and management. The customary sources
of loan originations are realtors, walk-in customers, referrals and existing
customers. The Bank also uses commissioned loan brokers and print advertising
to market its products and services. Loans are approved at various levels of
management, depending upon the amount of the loan.
The Board sets the investment policy of the Company. The Companys investment
objectives are: to provide and maintain liquidity within regulatory guidelines;
to maintain a balance of high quality, diversified investments to minimize risk;
to provide collateral for pledging requirements; to serve as a balance to earnings;
and to optimize returns. The policy permits investment in various types of liquid
assets permissible under OCC regulation, which includes U.S. Treasury obligations,
securities of various federal agencies, "bank qualified" municipal
bonds, certain certificates of deposit of insured banks, repurchase agreements,
federal funds and mortgage-backed securities ("MBS"), but does not
permit investment in non-investment grade bonds. The policy also dictates the
criteria for classifying securities into one of three categories: held to maturity,
available for sale or trading.
Deposits, loan repayments and loan sales are the major sources of the Companys
funds for lending and other investment purposes. Loan repayments are a relatively
stable source of funds, while deposit inflows and outflows and loan prepayments
are significantly influenced by general interest rates and money market conditions.
Borrowings may be used on a short-term basis to compensate for reductions in
the availability of funds from other sources. They may also be used on a longer-term
basis for general business purposes.
The Company attracts deposits from within its primary market area by offering
a broad selection of deposit instruments, including demand deposits, negotiable
order of withdrawal ("NOW") accounts, money market accounts, regular
savings accounts, certificates of deposit and retirement savings plans. The
Company has focused on building customer relationship deposits which includes
both business and consumer depositors. Deposit account terms vary according
to the minimum balance required, the time periods the funds must remain on deposit
and the interest rate, among other factors. In determining the terms of its
deposit accounts, the Company considers the rates offered by its competition,
profitability to the Company, matching deposit and loan products and customer
preferences and concerns.
Company Address: 900 Washington St. Vancouver 98660 WA
Company Phone Number: 693-6650 Stock Exchange / Ticker: NASDAQ RVSB
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Customers Net Income fell by |
RVSB's Customers Net Profit Margin fell to |
-1.85 % |
8.27 %
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Stock Performances by Major Competitors |
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Riverview Bancorp Inc
As a Wall Street journalist, it is crucial to analyze and interpret the financial results of Riverview Bancorp Inc (RVSB) in the context of the broader market trends and the company's historical performance. The recently released numbers for the financial third quarter of 2024 indicate a concerning revenue contraction of -25.704%, which has led to a significant decline in earnings by -70.83%. RVSB reported revenue of $12.38 million, compared to $16.66 million in the prior year, and an earnings per share of $0.07, down from $0.24 in the previous year. In contrast to RVSB, the rest of the Savings Banks sector posted top-line growth in the third quarter of 2024. This discrepancy highlights the challenges that RVSB is currently facing in terms of revenue generation and profitability. The net income for the October to December 31, 2023 fiscal period plummeted by -72.29% from the corresponding period a year before, indicating a significant decline in profitability.
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Riverview Bancorp Inc
Riverview Bancorp Inc, a leading savings bank company, recently released their financial results for the period of July to September 2023. The report indicates a significant decline in both top and bottom-line figures, with earnings per share (EPS) dropping by 50% and revenue decreasing by 19.964% year on year. This article will analyze the implications of these results and discuss the potential impact on the company's future prospects. Revenue and Earnings Per Share Plummet: During the period ending September 30, 2023, Riverview Bancorp Inc's revenue amounted to $13.26 million compared to $16.57 million in the previous year, reflecting a decline of 19.964%. Similarly, earnings per share dropped to $0.12 from $0.24, representing a decrease of 50%. These figures indicate a significant softening of the company's financial performance during the specified period.
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Dividend
Published Mon, Oct 2 2023 8:00 PM UTC
VANCOUVER, Wash., Oct. 02, 2023 - Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) revealed today that its Board of Directors has approved a quarterly cash dividend of $0.06 per share, maintaining consistency with the previous quarter. Shareholders can expect this dividend to be payable on October 23, 2023, to those recorded on October 12, 2023. With the current stock pr...
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Riverview Bancorp Inc
Riverview Bancorp Inc, a publicly traded financial institution, recently announced disappointing financial results in its June 2023 report. This comes as a setback for the company, as it reported a decline in both top and bottom-line figures. These results have raised concerns among investors about the company's future performance and its ability to navigate challenging market conditions. 1. Declining EPS and revenue: RVSB reported a significant decline in EPS of -38.1% and a drop in revenue of -13.574% year-on-year in the June 30, 2023 report. The revenue decreased to $13.64 million from $15.79 million, while EPS fell from $0.21 to $0.13 in comparison to the same financial interval ending in June 30, 2022. Moreover, EPS decreased by -6.77% compared to the previous quarter, and revenue decreased by -2.786% reaching $14.04 million.
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Riverview Bancorp Inc
Riverview Bancorp Inc's financial results for the fiscal time-frame ending March 31 2023 are a mixed bag, with some negative and positive indicators. The negative aspect is the -25.05 % drop in income per share to $0.14 per share due to a Revenue decrease of -9.58 % to $14.04 million compared to the prior financial reporting period. That means the company's profitability took a hit, as operating margin fell to 29.11%, and net margin shrank to 21.25%. Operating earnings also fell -24.45% to $4.085 million, squeezing Riverview Bancorp Inc's operating margin to 29.11%, from 34.83% in the fourth quarter of 2022. However, analysts pointed out that within the operating results for the fiscal period 2023, the company reported revenue of $63.05 million and bottom-line of $18.07 million, which indicate a considerable improvement. Additionally, the company's revenue was $2.94 million higher than the corresponding period a year before. It suggests that the company is making efforts to bounce back from the revenue decline and regain its profitability.
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Per Share |
Current |
Earnings (TTM) |
0.46 $ |
Revenues (TTM) |
2.53 $
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Cash Flow (TTM) |
0.63 $ |
Cash |
1.78 $
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Book Value |
7.51 $
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Dividend (TTM) |
0.24 $ |
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Per Share |
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Earnings (TTM) |
0.46 $
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Revenues (TTM) |
2.53 $ |
Cash Flow (TTM) |
0.63 $ |
Cash |
1.78 $
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Book Value |
7.51 $ |
Dividend (TTM) |
0.24 $ |
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