Riverview Bancorp Inc 8-K, filed Mar 26, 2026
Riverview Bancorp Inc (RVSB)
8-K
2026-03-26
For: 2026-03-25
View Original
Added on
April 10, 2026
About this 8-K
Riverview Bancorp Inc filed this 8-K on March 26, 2026, reporting on events of March 25, 2026.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 25, 2026
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (360 ) 693-6650
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions.
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 8.01. Other Events.
On March 25, 2026, Riverview Bancorp, Inc. issued a press release regarding the implementation of a balance sheet optimization strategy
related to its investment securities portfolio. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
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RIVERVIEW BANCORP, INC.
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Date: March 25, 2026
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/s/ David Lam
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David Lam
Chief Financial Officer
(Principal Financial Officer) |
Exhibit 99.1
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Contacts:
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Nicole Sherman and David Lam
Riverview Bancorp, Inc. 360-693-6650 |
Riverview Bank Announces Strategic Balance Sheet Optimization
Vancouver, WA – March 25, 2026 - Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”), parent company of Riverview Bank (the
“Bank”) implemented a strategic balance sheet optimization. This included the reclassification of its entire held-to-maturity (“HTM”) securities to available-for-sale (“AFS”) securities. After the reclassification, Riverview sold $149.3 million in
lower-yielding book value investment securities, with an average yield of 1.62%, for an estimated pre-tax loss of $11.4 million. A targeted approach was used to identify lower-yielding bonds, balancing the respective loss in relation to its book
value. The goal was to minimize the loss while maximizing proceeds from the sale. Reclassifying the bonds from HTM to AFS will reduce overall equity. The reclassified bonds
will be measured at fair value, with the impact recorded in accumulated other comprehensive income. Given Riverview’s strong capital levels, no additional capital was needed to support the strategic optimization, and Riverview remains
well-capitalized for regulatory purposes.
Riverview is taking a strategic and thoughtful approach to the use of excess capital in the reinvestment of the proceeds from the above-mentioned
investment securities sale. Riverview expects to reinvest the proceeds into a combination of higher-yielding bonds, which will be classified as available for sale at the time of purchase, support loan originations, pay down its Federal Home Loan Bank
borrowings, or hold in cash. Deploying these funds into higher-yielding earning assets or paying down borrowings will inherently increase the net interest income of the Bank on a go-forward basis. Dependent upon the combination of redeployment of
funds, Riverview expects the estimated earn-back will be less than 3.5 years. The strategic optimization is expected to add approximately 25 basis points to net interest margin and approximately $0.13 to earnings per share annually, once fully
realized.
This strategic optimization is not expected to impact Riverview’s ability to continue with its existing active stock buyback.
“Over the past 20 months since joining Riverview as CEO, it's been energizing to experience our teams consistently delivering on our five strategic
priorities. This balance sheet optimization is part of our profitable growth priority. The repositioning of the securities portfolio during the fourth fiscal quarter ending March 31 reflects a prudent deployment of excess capital aimed at enhancing
our net interest margin. We expect this strategic optimization to enhance future earnings benefit and strengthen the value of our company,” said Nicole Sherman, CEO and President.
Riverview Bank Strategic Balance Sheet Optimization
March 25, 2026
Page 2
About Riverview
Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington – just north of Portland, Oregon, on the I-5 corridor.
With assets of $1.51 billion at December 31, 2025, it is the parent company of Riverview Bank, as well as Riverview Trust Company. The Bank offers true community banking services, focusing on providing the highest quality service and financial
products to commercial, business and retail clients through 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. For the past 11 years, Riverview has been named Best Bank by the readers of The Vancouver Business Journal and The Columbian.
This press release contains statements that the Company believes are “forward-looking
statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and
uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make including those described in 1A (Risk Factors) of the Company’s Form
10-K for the fiscal year ended March 31, 2025. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.