Riverview Bancorp Earns $3.0 Million in Fourth Fiscal Quarter 2023 and $18.1 Million for Fiscal Year 2023
VANCOUVER, Wash., April 27, 2023 (GLOBE NEWSWIRE) — Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today reported earnings of $3.0 million, or $0.14 per diluted share, in the fourth fiscal quarter ended March 31, 2023, compared to $5.2 million, or $0.24 per diluted share, in the third fiscal quarter ended December 31, 2022, and $4.1 million, or $0.19 per diluted share, in the fourth fiscal quarter a year ago. The fourth fiscal quarter of 2023 included a $750,000 provision for loan losses. This compared to no provision for loan losses in the preceding quarter, and a $650,000 recapture of a provision for loan losses in the fourth fiscal quarter a year ago.
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