Filing Analysis
Riverview Bancorp, Inc. announced that its Board of Directors has authorized a share repurchase program of up to $4.0 million of its common stock.
📋 Key Facts
- Board of Directors authorized a share repurchase program on August 26, 2026.
- Total authorization amount is up to $4.0 million.
- The program involves the repurchase of the Company's common stock.
Riverview Bancorp, Inc. announced the upcoming retirement of Michael Sventek, Executive Vice President and Chief Lending Officer, effective October 30, 2026. The departure is characterized as a planned retirement without disagreement with the company.
🚩 Red Flags
- None identified; the departure is described as a standard retirement without disagreement.
📋 Key Facts
- Michael Sventek to retire as EVP and Chief Lending Officer on October 30, 2026.
- The announcement was made on August 4, 2026, but reported via 8-K on August 10, 2026.
- The company is utilizing an executive search firm to find a successor.
- Management states no disruption to operations is anticipated due to existing management depth.
Riverview Bancorp, Inc. filed an 8-K to announce the release of its earnings for the quarter ended June 30, 2026. The filing serves as a formal notification that financial results have been made public via a press release.
📋 Key Facts
- Earnings release issued on July 28, 2026, for the quarter ending June 30, 2026.
- The report was signed by David Lam, Chief Financial Officer.
- Financial results are attached as Exhibit 99.1.
Riverview Bancorp, Inc. announced its financial results for the fourth quarter and fiscal year ended March 31, 2026. The disclosure was made via a press release attached as Exhibit 99.1.
📋 Key Facts
- Earnings release issued on April 28, 2026.
- Covers the fiscal quarter and year ended March 31, 2026.
- Filed under Item 2.02 (Results of Operations and Financial Condition).
- The company is listed on NASDAQ under the symbol RVSB.
Director Bradley J. Carlson notified Riverview Bancorp that he will not stand for re-election at the 2026 Annual Meeting, concluding over a decade of service on the board. He will continue to serve as a director for the company's subsidiary, Riverview Trust Company.
📋 Key Facts
- Director Bradley J. Carlson will not stand for re-election at the 2026 Annual Meeting.
- Mr. Carlson has served on the Boards of the Company and the Bank since December 17, 2014.
- The departure is not the result of any disagreement with the Company regarding operations, policies, or practices.
- Mr. Carlson will remain a director on the board of Riverview Trust Company, a wholly-owned subsidiary of the Bank.
Riverview Bancorp expanded its Board of Directors from eight to ten members and appointed Jon Girod and Kourosh Zamanizadeh to fill the new seats, effective March 30, 2026. The company concurrently amended its bylaws to accommodate the increased board size.
📋 Key Facts
- Appointed Jon Girod and Kourosh Zamanizadeh to the Board of Directors of the Company and Riverview Bank effective March 30, 2026.
- Amended the Company’s Bylaws to increase the size of the Board from eight (8) to ten (10) members.
- The appointments were made upon the recommendation of the Nominating and Governance Committee.
- No related-party transactions or family relationships were reported for the new directors.
- The new directors have not yet been appointed to any specific board committees.
Riverview Bancorp, Inc. announced the implementation of a balance sheet optimization strategy specifically targeting its investment securities portfolio. This strategic move typically involves selling lower-yielding securities to reinvest in higher-yielding assets, which often results in a one-time realized loss.
🚩 Red Flags
- Balance sheet optimization in the banking sector frequently involves realizing losses on 'underwater' securities to improve future yields.
- Potential for a significant one-time hit to earnings and capital ratios in the reporting period the strategy is executed.
📋 Key Facts
- The announcement was made on March 25, 2026.
- The strategy focuses on the company's investment securities portfolio.
- The company issued a press release (Exhibit 99.1) to provide further details on the optimization.
- The filing was signed by David Lam, Chief Financial Officer.
Riverview Bancorp, Inc. filed an 8-K to announce the release of its earnings for the quarter ended December 31, 2025.
📋 Key Facts
- Earnings release issued on January 27, 2026, for the fiscal quarter ending December 31, 2025.
- The filing includes a press release as Exhibit 99.1.
Riverview Bancorp, Inc. announced that its Board of Directors has authorized a share repurchase program totaling up to $4.0 million of its common stock.
📋 Key Facts
- Board authorization date: January 28, 2026
- Total repurchase amount: Up to $4.0 million
- Security type: Common Stock
Riverview Bancorp, Inc. announced a change in its independent registered public accounting firm following the merger of its previous auditor, Delap LLP, with Aprio, LLP. The company has appointed Aprio as the successor auditor effective January 1, 2026.
🚩 Red Flags
- None identified; change is due to a corporate merger of the audit firm rather than internal disputes.
📋 Key Facts
- Effective date of auditor change: January 1, 2026
- Previous Auditor: Delap LLP (resigned due to merger)
- Successor Auditor: Aprio, LLP
- The resignation was triggered by the merger of Delap LLP with Aprio, LLP.
- No disagreements with the former auditor regarding accounting principles or auditing scope were reported for fiscal years 204 and 2025.
Riverview Bancorp, Inc. filed an 8-K to announce the release of its quarterly earnings for the period ending September 30, 2025. The filing serves as a formal notification that financial results have been made public via press release.
📋 Key Facts
- Earnings release issued on October 28, 2025, for the quarter ended September 30, 2025.
- The report was signed by David Lam, Chief Financial Officer, on October 30, 2025.
- Financial results are provided in Exhibit 99.1.
Riverview Bancorp, Inc. held its Annual Meeting of Stockholders on August 28, 2025. The meeting resulted in the election of three directors and an advisory approval of executive compensation.
📋 Key Facts
- Annual Meeting held on August 28, 2025.
- Quorum was present with 15,076,904 shares represented out of 20,976,198 total outstanding shares.
- Patricia W. Eby elected to the Board (94.36% of votes present).
- Gerald L. Nies elected to the Board (95.14% of votes present).
- Valerie Moreno elected to the Board (92.83% of votes present).
- Elected directors will serve three-year terms expiring in 2028.
- Advisory vote on executive compensation passed with 60.47% 'For' votes.
Riverview Bancorp, Inc. announced that its executive leadership team will provide information updates at the Raymond James 2025 U.S Bank and Banking on Tech Conference on September 4, 2025.
📋 Key Facts
- Nicole Sherman (President and CEO), David Lam (CFO), and Dan Cox (COO) to attend the conference.
- The event is the Raymond James 2025 U.S Bank and Banking on Tech Conference.
- Date of meeting: September 4, 2025.
- Investor materials were provided as Exhibit 99.1.
Riverview Bancorp, Inc. filed an 8-K to announce the release of its earnings for the quarter ended June 30, 2025.
📋 Key Facts
- Earnings release issued on July 29, 2025, for the second quarter ended June 30, 2025.
- The filing serves to incorporate the press release as Exhibit 99.1.
- Signed by David Lam, Chief Financial Officer.
Riverview Bancorp, Inc. filed an 8-K to announce the release of its earnings for the quarter and fiscal year ended March 31, 2025.
📋 Key Facts
- Earnings release issued on April 29, 2025, covering the period ending March 31, 2025.
- The filing includes a press release as Exhibit 99.1.
- Reported by David Lam, Chief Financial Officer.
Riverview Bancorp, Inc. announced that its Board of Directors has authorized a share repurchase program totaling up to $2.0 million of its common stock.
📋 Key Facts
- Board authorization date: April 29, 2025
- Total repurchase amount: Up to $2.0 million
- Security type: Common Stock
Riverview Bancorp, Inc. announced that its executive leadership team will participate in investor meetings facilitated by Raymond James on March 18 and 19, 2025, to provide information updates.
📋 Key Facts
- CEO Nicole Sherman, CFO David Lam, and COO Dan Cox will attend the Raymond James Small Cap Day III Investor Meetings in New York City on March 18, 2025.
- Executive team will hold one-on-one meetings with current and prospective investors in Boston, Massachusetts on March 19, 2025.
- The company provided investor materials as Exhibit 99.1.
Riverview Bancorp, Inc. filed an 8-K to announce the release of its earnings for the quarter ended December 31, 2024. The filing serves as a formal notification of the results of operations and financial condition.
📋 Key Facts
- Earnings release issued on January 30, 2025, for the quarter ending December 31, 2024.
- The report was signed by David Lam, Chief Financial Officer, on January 31, 2025.
- Financial results are provided via a press release attached as Exhibit 99.1.
Riverview Bancorp, Inc. announced the promotion of Charmaine Lightheart to Executive Vice President and Chief Retail and Digital Engagement Officer, effective January 9, 2025.
📋 Key Facts
- Charmaine Lightheart promoted to EVP and Chief Retail and Digital Engagement Officer on January 9, 2025.
- Role involves overseeing retail banking and digital engagement at Riverview Bank.
- The company confirmed no family relationships exist between the officer and directors/executives.
- The promotion was not part of any prior arrangement or understanding with a third party.
Riverview Bancorp, Inc. filed an 8-K to announce the release of its earnings for the quarter ended September 30, 2024.
📋 Key Facts
- Earnings release issued on October 24, 2024, for the quarter ending September 30, 2024.
- The filing serves as a formal announcement of the company's quarterly financial results via press release (Exhibit 99.1).
Riverview Bancorp, Inc. announced that its executive leadership team will provide an information update at the Raymond James 2024 U.S Bank and Banking on Tech Conference on September 5, 2024.
📋 Key Facts
- Nicole Sherman (President and CEO), David Lam (CFO), and Dan Cox (COO) to attend the conference.
- The meeting is scheduled for September 5, 2024.
- The information provided is being shared on a one-on-one basis at the Raymond James 2024 U.S Bank and Banking on Tech Conference.
- Investor materials were attached as Exhibit 99.1.
Riverview Bancorp, Inc. held its annual meeting of stockholders on August 28, 2024. The filing reports the results of director elections and an advisory vote on executive compensation.
📋 Key Facts
- Annual Meeting held on August 28, 2024.
- Quorum was present with 15,660,249 shares represented out of 21,111,041 outstanding shares.
- Stacey A. Graham elected to the Board (93.39% in favor).
- B. Nicole Sherman elected to the Board (97.30% in favor).
- Director terms for newly elected members expire in 2027.
- Executive compensation advisory vote approved with 87.1% 'For' votes.
Riverview Bancorp, Inc. filed an 8-K to announce the release of its earnings for the second quarter ended June 30, 2024.
📋 Key Facts
- Earnings release issued on July 25, 2024, for the quarter ending June 30, 2024.
- The filing serves as a formal announcement of quarterly financial results via Exhibit 99.1.
Riverview Bancorp, Inc. announced an amendment to its Bylaws to increase the size of its Board of Directors from seven to eight members, effective July 1, 2024.
📋 Key Facts
- Effective date of Bylaw amendment: July 1, 2024.
- Board size increased from seven (7) to eight (8) members.
- Amendment applies to both the Company (Riverview Bancorp, Inc.) and the Bank (Riverview Bank).
- The change was approved by the Boards of Directors on June 26, 2024.
Riverview Bancorp, Inc. announced the appointment of Nicole Sherman as President and Chief Executive Officer, effective July 1, 2024. The filing details her extensive banking background and outlines the terms of her employment and change in control agreements.
🚩 Red Flags
- Significant change in control severance obligations (three years of salary/incentives) if triggered by a merger or acquisition.
📋 Key Facts
- Nicole Sherman appointed as President and CEO effective July 1, 2024.
- Sherman will also join the Company's and the Bank's Boards of Directors.
- Annual base salary is set at $425,000 with a three-year initial term.
- Signing bonus of $100,000 (subject to 12-month pro-rata repayment if terminated early).
- Restricted stock award of 125,130 shares with a five-year cliff vest.
- Change in control agreement includes 'double trigger' severance provisions covering three years of base salary and target incentive compensation.
Riverview Bancorp, Inc. filed an 8-K to announce the release of its earnings for the quarter and fiscal year ended March 31, 2024.
📋 Key Facts
- Earnings release issued on April 25, 2024, covering the period ending March 31, 2024.
- The filing serves to incorporate the press release (Exhibit 99.1) by reference.
- Report date of earliest event is April 25, 2024.
Riverview Bancorp, Inc. filed an 8-K to announce the release of its earnings for the quarter ended December 31, 2023. The filing serves as a formal notification that financial results were made public via a press release.
📋 Key Facts
- Earnings release issued on January 25, 2024, for the period ending December 31, 2023.
- The company is listed on NASDAQ under the ticker RVSB.
- Financial results were provided via a press release attached as Exhibit 99.1.