Riverview Bancorp, Inc. (RVSB) Market Cap
Riverview Bancorp, Inc. has a market capitalization of $111.6M.
Financials based on reported quarter end 2025-12-31
Price: $5.39
▼ -0.02 (-0.37%)
Market Cap: 111.63M
NASDAQ · time unavailable
CEO: Nicole Sherman
Sector: Financial Services
Industry: Banks - Regional
IPO Date: 1993-10-25
Website: https://www.riverviewbank.com
Riverview Bancorp, Inc. (RVSB) - Company Information
Market Cap: 111.63M · Sector: Financial Services
Riverview Bancorp, Inc., a bank holding company for Riverview Community Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans. The company also provides commercial business, commercial and residential real estate, multi-family real estate, land, real estate construction, and one-to-four family mortgage loans; other consumer loans, such as automobile, boat, motorcycle, recreational vehicle, savings account, and unsecured loans; and home equity lines of credit. In addition, it is involved in the provision of mortgage brokerage and mortgage loan servicing activities, as well as offers asset management services comprising trust, estate planning, and investment management. The company operates through a network of 17 branch offices in Camas, Washougal, Stevenson, White Salmon, Battle Ground, Goldendale, Ridgefield, and Vancouver, Washington; and Portland, Gresham, Tualatin, and Aumsville, Oregon. Riverview Bancorp, Inc. was founded in 1923 and is based in Vancouver, Washington.
Analyst Sentiment
Based on 3 ratings
Analyst 1Y Forecast: $0.00
Average target (based on 1 sources)
Consensus Price Target
Low
$8
Median
$8
High
$8
Average
$8
Potential Upside: 48.4%
Price & Moving Averages
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Fundamentals Overview
Management acknowledged no sugar-coating: a $0.39 quarterly loss driven by a $7.2M loan-loss provision and a $3.4M securities impairment (OTTI). While Ron emphasized balance-sheet strength (well-capitalized, adequate liquidity, NIM holding ~418 bps and flat linked-quarter ~420→418), the Q&A exposed the operating mechanics of the losses. The analyst pressure centered on how fast appraisals are refreshed and how steep valuation declines are: problem credits generally get updated appraisals within four months, with land bulk values down 25%-40% (and retail 20%-30%), and Palm Springs retail down ~35% plus bulk down ~45%-50%, with finalizing steps over the next 2-3 weeks. Revenue resilience was also nuanced: non-interest income fell sequentially mainly due to mortgage broker fee weakness, offset only partially by slightly higher trust fee income. On TARP, management signaled eligibility but hesitance pending terms (“beware of strangers bearing gifts”): capital is desirable, but potential strings are a key unresolved risk.
Growth Catalysts
- Fee income growth from trust company (Ramcorps) and asset management business continuing as an important revenue source
- Loan growth in right segments: commercial and industrial loans and commercial real estate
- Deposit growth supported by branch network and CDARS program; $8M increase during the quarter and $14M increase at Oct 15 vs Sept 30
- Expansion of business cash management/remote deposit products to enhance deposit generation
Business Development
- CDARS program referenced as a driver of deposit growth
- Trust/asset management platform (Ramcorps) referenced as ongoing fee growth engine
Financial Highlights
- Reported $0.39 loss for the quarter; $0.32 loss for six months year-to-date
- Quarter loss driven by elevated loan-loss provisions plus an impairment loss on a security
- Loan-loss provision guidance (pre-tax) for Q2: $6.8M to $7.3M; actual $7.2M (within guidance)
- Loan-loss provision total for six months: $9.95M
- Securities impairment: $3.4M pre-tax against a $5M par value security (backed by trust-preferred debt of 20 other banks)
- Net loss only $3.4M 'despite' $9.95M loan-loss provision and $3.4M securities impairment (management framing: without the provision/write-down, core revenue/earnings on pace with last year)
- Net interest margin: 418 basis points (bps) for the quarter; 54 bps lower than previous year
- NIM compression linked to 325 bps Fed prime rate cuts during the prior year; offset by loan portfolio growth
- Q/Q NIM: ~420 bps as of June vs 418 bps in this quarter (linked quarter basis roughly flat); down ~50 bps since last September
- Non-interest income sequentially down 'primarily' due to lower mortgage broker fees; trust fee income up slightly vs prior periods
Capital Funding
- Considering potential TARP participation; management indicated they would be eligible if they wanted to participate, subject to evaluation of terms/strings
- Mentioned additional $8M of capital at the holding company level that could be pushed down (as referenced in TARP discussion)
- No explicit buyback/debt levels/cash runway amounts stated in the transcript
Strategy & Ops
- Ongoing focus on asset quality; management stated loan-loss allowance is now 208 bps of loans and commitments and believes it is adequately reserved
- Risk management via updated appraisals on problem credits: most updated appraisals within the last four months
- Credit headwinds concentrated in land-related exposures; management indicated land and construction loans have shrunk while other loan growth remains strong
- Branch/customer confidence and liquidity described as intact (bank well-capitalized; adequate liquidity to fund new loans and deposit needs)
Market Outlook
- Management did not provide new quantitative forward guidance in the Q&A beyond TARP eligibility monitoring
- Implied focus on near-term stability of NIM (margin 'holding steady' linked-quarter; 'pretty happy' with margin remained solid despite compression)
Risks & Headwinds
- Elevated loan-loss provisioning (Q2 $7.2M actual vs guided $6.8M-$7.3M) and continued reserve adds
- Security impairment of $3.4M (OTTI) tied to trust-preferred debt exposure to 20 banks
- Land/real estate valuation declines driving charge-offs: bulk values down 25%-40% and retail values down 20%-30% generally
- Specific land project in Palm Springs: retail value down ~35% and bulk value down ~45% to ~50%; project expected to be finalizing in the next 2-3 weeks as to remaining substantial charge-off
- NIM compression vs prior year: down 54 bps YoY; attributed to Fed cuts (325 bps) though partially offset by loan mix/growth
- Mortgage broker fee income pressure: non-interest income down sequentially 'primarily' due to lower mortgage broker fees
- Concentration of problem credits described as largely within the stated market area (Oregon/Washington, right within Clark County) with one in the north Seattle area
Sentiment: CAUTIOUS
Note: This summary was synthesized by AI from the RVSB Q2 2009 (second fiscal quarter ended September 2008, conference dated 2008-10-21) earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.