Riverview Bancorp, Inc. reported net income of $2.0 million, or $0.10 per diluted share, for the second fiscal quarter ended September 30, 2026. This figure represents the highest net income the company has recorded in 12 quarters. The results were compared to net income of $1.7 million, or $0.08 per diluted share, in the first fiscal quarter of 2026, and $1.1 million, or $0.05 per diluted share, in the same quarter a year ago.
The company reported net interest income of $11.8 million for the quarter, an increase from $9.8 million in the second fiscal quarter of 2026. This growth was accompanied by a net interest margin of 3.40%, a 64 basis point increase compared to the same period last year. The yield on loans was reported at 5.30% for the quarter.
On the balance sheet, total loans increased by $14.5 million to $1.11 billion as of September 30, 2026. The company also noted a loan pipeline of $139.6 million at the end of the quarter. Total deposits increased by $20.3 million during the quarter.
In terms of credit quality, non-performing assets (NPAs) were 0.58% of total assets and 0.77% of total loans. The company booked no provision for credit losses during the quarter and recorded net loan recoveries of $374,000.
Non-interest income was reported at $3.6 million, while non-interest expense remained flat at $12.9 million. The efficiency ratio for the quarter was 83.74%. Riverview Bancorp paid a cash dividend of $0.02 per share on October 20, 2026.
