Riverview Bancorp Q3 net income rises to $1.4 mln

Riverview Bancorp

27/01/2026 21:12

Overview

U.S. bank's fiscal Q3 net income rose to $1.4 mln, up from $1.2 mln last year

Net interest income increased to $10.5 mln, driven by higher interest earning asset yields

Net interest margin expanded to 2.96% from 2.60% last year

Outlook

Company plans to expand commercial and industrial loans and business banking

Company aims to enhance treasury management platforms

Company says loan pipeline has remained strong, driven by expanded lending teams

Result Drivers

HIGHER ASSET YIELDS - Net interest income increased due to higher asset yields and loan repricing

STRATEGIC INVESTMENTS - Co's investments in talent and technology drove expense increases but supported growth in commercial and business banking

LOAN EXPANSION - Strong loan demand and expanded lending teams contributed to growth in loan portfolio

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$1.40 mln
Q3 Net Interest Income
$10.50 mln
Q3 Allowance for Credit Losses
$15.30 mln
Q3 Net Interest Margin
2.96%


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Riverview Bancorp Inc is $7.00, about 37.3% above its January 26 closing price of $5.10

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX7jShSq

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)