Short answer
RIVERVIEW BANCORP INC (RVSB) filed its fiscal 2026 10-K annual report with the SEC on Jun 12, 2026. It reported revenue of $62M (+5.2% year over year) and net income of −$4M.
- Top risk flagged: Regulatory risk: FDIC, Federal Reserve, OCC scrutiny on commercial real estate concentration at 350% of risk-based capital at 3/31/26
FY2026 key financial metrics · XBRL
- Revenue
- $62M
- +5.2% YoY
- Net income
- −$4M
- −188.5% YoY
- EPS (diluted)
- −$0.21
- −191.3% YoY
- ROE
- -3.0%
- −6.0 pp YoY
- Operating cash flow
- $12M
- +45.6% YoY
Source: XBRL data from the RIVERVIEW BANCORP INC (RVSB) FY2026 10-K on SEC EDGAR. USD.
RIVERVIEW BANCORP INC FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Community-focused bank holding company offering commercial, real estate, and consumer lending plus trust and asset management services primarily in Southwest Washington and Northwest Oregon
- Strategic emphasis on digital experience, data analytics, and client service to drive profitable growth and deepen local relationships
- Loan portfolio growth to $1.08B net loans (3.0% YoY), with commercial real estate composing 56.0% of loans and increased nonperforming loans to $7.8M (0.53% assets) due to specific hospitality borrower issue
- Investment portfolio reclassification: shifted entire held-to-maturity securities to available-for-sale in Q4 2026 as part of balance sheet repositioning
- Employee base steady at 243 FTEs; new CEO Nicole Sherman appointed July 2024, bringing 30+ years banking leadership and merger experience
Management Discussion & Analysis
- Revenue: Interest and dividend income $62.0M in 2026, up $3.0M YoY from $59.0M in 2025; net interest income $40.3M, up $4.0M or 11.0% YoY
- Profitability: Net loss of $4.3M in 2026 vs net income $4.9M in 2025; net interest margin improved to 2.86% from 2.54%; efficiency ratio worsened to 110.63% from 87.47%
- Segment performance: Commercial and construction loans 88.6% of loans with $19.4M increase in CRE loans; nonperforming loans rose to 0.71% of total loans from 0.01%
- Capital allocation: Repurchased 514,009 shares for $2.7M; paid $1.7M dividends; capex expected at ~$2.2M in 2027; FHLB advances down $60.3M to $16.1M
- Outlook and risks: Management expects sufficient liquidity; focused on core deposit growth, loan portfolio expansion; key risks include credit losses and goodwill impairment if adverse conditions occur
Risk Factors
- Regulatory risk: FDIC, Federal Reserve, OCC scrutiny on commercial real estate concentration at 350% of risk-based capital at 3/31/26
- Macroeconomic risk: Loan portfolio concentrated in southwest Washington/northwest Oregon, sensitive to tariffs and inflation impacting borrowers’ credit quality
- Operational risk: Construction and land loans $33.2M (3.0% of portfolio) exposed to cost overruns and liquidations amid volatile real estate market
- Market disruption risk: Competition pressure from larger banks and industry consolidation could reduce margins and loan/deposit growth
- Financial risk: High concentration of commercial real estate loans with balloon payments heightens refinancing risk amid elevated interest rates
Generated from the filing text; verify against the original. How to read a 10-K
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