Riverview Bancorp launches $2 million stock buyback plan

VANCOUVER, Wash. - Riverview Bancorp, Inc. (NASDAQ GSM: RVSB), the parent company of Riverview Bank, announced on Monday that its Board of Directors has authorized a new stock repurchase program. The program, effective April 24, 2025, permits the company to buy back up to $2 million of its outstanding common stock. The company’s stock, currently trading at $5.91, has shown remarkable strength with a 60% return over the past year, according to InvestingPro data.

The repurchases can be made over the next 12 months on the open market at prevailing prices or through privately negotiated transactions, depending on market conditions. This strategic move is aimed at deploying excess capital to enhance shareholder value, according to Nicole Sherman, Riverview’s President and CEO.

Riverview Bancorp, with $1.51 billion in assets as of March 31, 2025, operates as the holding company for Riverview Bank and Riverview Trust Company. With a market capitalization of $124.91 million and a consistent track record of maintaining dividend payments for 11 consecutive years, the bank has established a solid footprint in the industry, providing a range of financial services through its 17 branches and 3 lending centers, primarily in the Portland-Vancouver area. InvestingPro analysis reveals 6 additional key insights about the company’s performance and outlook.

The company has been recognized for its commitment to quality service, having been named Best Bank for 11 consecutive years by the readers of local publications The Vancouver Business Journal and The Columbian.

The announcement of the stock repurchase program is considered a forward-looking statement and is subject to market risks and uncertainties. Investors are cautioned not to place undue reliance on these statements, which apply only to the date they were made. For comprehensive analysis and detailed metrics about Riverview Bancorp’s financial health and market position, visit InvestingPro.

This news is based on a press release statement from Riverview Bancorp, Inc.

In other recent news, Riverview Bancorp reported its third fiscal quarter of 2025 results, showing signs of growth acceleration and strategic capital deployment. Raymond James maintained an Outperform rating on Riverview Bancorp and increased the price target to $6.25, reflecting optimism about the bank’s financial results and future growth potential. The bank has demonstrated progress in expanding loan production and improving its client pipeline, while maintaining strong underwriting standards. Riverview Bancorp has enhanced its treasury management offerings and back office processes, which are expected to boost productivity and client acquisition.

The bank’s funding costs decreased by 10 basis points during the quarter, contributing to an anticipated expansion in net interest margin and growth in net interest income and earnings per share. Riverview Bancorp’s Common Equity Tier 1 ratio stands at 15.2%, providing flexibility for capital deployment, including a continued share repurchase program. The bank is also exploring mergers and acquisitions as part of its strategy, despite challenges in deal-making at current valuations. Raymond James highlighted Riverview’s strong asset quality and noted that the bank’s current valuation does not fully reflect its franchise value. The firm views the risk-reward proposition for Riverview Bancorp favorably, given its accelerating loan growth and positive operating leverage.

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