Riverview Bancorp reports Q2 EPS 7c, consensus 4c

Reports Q2 net interest income was $8.9 million for the quarter, compared to $8.8 million in the preceding quarter and $9.9 million in the second fiscal quarter a year ago.In the first six months of fiscal 2025, net income was $2.5 million, or 12c per diluted share, compared to $5.3 million, or 25c per diluted share, in the first six months of fiscal 2024.”While our second quarter operating results were an improvement compared to the preceding quarter, we still have work to do,” stated Nicole Sherman, President and Chief Executive Officer. “We remain focused on improving our performance metrics and profitability in the second half of fiscal year 2025. We were particularly encouraged by the increase in deposit balances during the quarter, as our team is doing a great job of deepening client relationships and bringing in new business.” “We have made good progress with our operating results since our balance sheet restructuring in March 2024, and we are continuing with that momentum as we look to the future,” said David Lam, EVP and Chief Financial Officer.