RIVERVIEW BANCORP INC (RVSB) FY2026 10-K Annual Report
RIVERVIEW BANCORP INC (RVSB) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Jun 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
RIVERVIEW BANCORP INC FY2026 10-K Analysis
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
RIVERVIEW BANCORP INC FY2026 Key Financial MetricsXBRL
Revenue
$62M
▲ +5.2% YoY
Net Income
-$4M
▼ -188.5% YoY
Net Margin
-7.0%
▼ -1532bp YoY
ROE
-3.0%
▼ -604bp YoY
Total Assets
$1.5B
▼ -3.3% YoY
EPS (Diluted)
$-0.21
▼ -191.3% YoY
Operating Cash Flow
$12M
▲ +45.6% YoY
Source: XBRL data from RIVERVIEW BANCORP INC FY2026 10-K filing on SEC EDGAR. All figures in USD.
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