Riverview Bancorp Inc. Announces $2 Million Stock Repurchase Program

In a strategic move to enhance shareholder value, Riverview Bancorp Inc., the holding company for Riverview Community Bank, has announced a new stock repurchase program. Approved by its Board of Directors on April 24, 2025, the Vancouver, Washington-based company plans to repurchase up to $2 million of its outstanding common stock. This initiative, which can be executed through open market or private transactions, is set to run for 12 months or until completion, depending on market conditions.

The decision to initiate this program comes as Riverview Bancorp seeks to deploy excess capital effectively. CEO Nicole Sherman emphasized that the repurchase program is designed to enhance shareholder value, reflecting the company’s commitment to its investors. With a market capitalization of $125.02 million and a close price of $5.91 as of April 27, 2025, Riverview Bancorp has demonstrated resilience in the financial sector, particularly within the Thrifts & Mortgage Finance industry.

Riverview Bancorp, which trades on the Nasdaq, has a history of financial stability and growth. The company’s assets stood at $1.51 billion as of March 31, 2025, and it operates 17 branches, including 13 in the Portland-Vancouver area and three lending centers. This expansive network has contributed to Riverview Bank’s recognition as the Best Bank for 11 consecutive years by The Vancouver Business Journal and The Columbian.

The stock repurchase program is a testament to Riverview Bancorp’s strategic financial management and its focus on maximizing shareholder returns. As the company continues to navigate the financial landscape, this initiative underscores its dedication to maintaining a strong financial position and delivering value to its shareholders.

With a price-to-earnings ratio of 158.81, Riverview Bancorp’s decision to repurchase shares may also be seen as a signal of confidence in its future prospects. As the company moves forward with this program, investors and market watchers will be keenly observing its impact on the company’s financial health and stock performance.

In summary, Riverview Bancorp’s $2 million stock repurchase program is a strategic effort to enhance shareholder value by utilizing excess capital. This move reflects the company’s strong financial position and its commitment to delivering sustained value to its investors.