0001041368-26-000003
SEC filingRiverview Bancorp, Inc. (RVSB) reported net income of $1.4 million for the quarter ended December 31, 2025, in its Q3 2026 10-Q filing dated February 13, 2026. Total interest and dividend income reached $16.0 million, driven by $14.3 million from loans receivable, $1.3 million from taxable investment securities, $64K from nontaxable securities, and $241K from other sources. Interest expense totaled $5.4 million, with $4.4 million on deposits and $1.1 million on borrowings, yielding net interest income of $10.5 million. After a $100K provision for credit losses, net interest income after provision was $10.4 million. Non-interest income contributed $3.5 million, including $3.2 million in non-interest income, $231K from BOLI, and $91K other net. Non-interest expenses rose to $12.2 million, led by $7.4 million in salaries and benefits and $1.9 million in occupancy and depreciation. Income before taxes was $1.7 million, with a $363K tax provision. Balance sheet shows total assets of $1.51 billion, deposits at $1.23 billion, loans receivable net at $1.07 billion, and shareholders' equity at $164.2 million. Operating cash flow was strong at $15.6 million, though financing activities used $18.3 million net, resulting in a $773K cash decrease. No prior period comparisons are disclosed in the filing.
Riverview Bancorp, Inc. reported net income of $1.4 million for the period ending December 31, 2025. Key drivers included net interest income of $10.5 million after total interest income of $16.0 million and expense of $5.4 million. Provision for credit losses was $100K. Non-interest income totaled $3.5 million, while non-interest expenses reached $12.2 million, primarily from $7.4 million in salaries and employee benefits and $1.9 million in occupancy and depreciation. Income before taxes was $1.7 million, with provision for income taxes at $363K. Basic and diluted EPS were both $0, with weighted average shares at 20.8 million. Total assets stood at $1.51 billion, with loans receivable net of $1.07 billion. No prior quarter or year comparisons are provided in the XBRL data or document.
Interest and dividend income totaled $16.0 million, with interest and fees on loans receivable contributing $14.3 million, the largest component. Interest on taxable investment securities added $1.3 million, nontaxable securities $64K, and other interest and dividends $241K. No segment breakdowns by product, service, or geography are disclosed. Non-interest income of $3.5 million included $3.2 million in non-interest income, $231K from BOLI, and $91K other net. No growth drivers or changes from prior periods are specified in the filing.
Income before income taxes was $1.7 million on net interest income after provision of $10.4 million and total non-interest income of $3.5 million, offset by $12.2 million in non-interest expenses. No gross margin, operating margin, or prior period margin trends are explicitly calculated or disclosed. Cost structure shows salaries and employee benefits at $7.4 million (60% of non-interest expense), occupancy and depreciation at $1.9 million, data processing at $856K, professional fees at $413K, and other real estate owned expenses at $827K. No changes in cost structure are noted.
Net cash provided by operating activities was $15.6 million, starting from net income of $1.4 million, plus adjustments including $2.5 million depreciation, $474K stock-based compensation, and $9.3 million increase in accrued expenses. Investing activities provided $2.0 million net, with loan originations net $602K offset by $22.2 million purchases, and investment securities activities. Financing used $18.3 million net, including $1.2 million deposit increase, $583.4 million borrowings proceeds offset by $599.3 million repayments, $1.3 million dividends, and $2.0 million stock repurchases. Cash decreased $773K to $29.4 million end balance. Balance sheet: assets $1.51B (loans $1.07B, deposits $1.23B, equity $164.2M, FHLB advances $60.5M).
No management guidance, strategic priorities, or specific risk factors are disclosed in the provided XBRL data or document content. Commitments and contingencies are noted (See Note 13), but details are not included.