Riverview Bancorp (RVSB) AGM 2025 summary

Opening remarks and agenda

• The 28th Annual Shareholders Meeting was called to order, with introductions of the Board, executive management, and key advisors attending virtually.

• The agenda included the election of directors and an advisory vote on executive compensation.

Board and executive committee updates

• Three director nominees—Patricia W. Eby, Gerald L. Nies, and Valerie Marino—were presented for election to three-year terms.

• Two strategic updates to the finance team were announced: Graham Clancy joined as SVP, Director of Finance, and Phung Le was promoted to SVP and Controller.

• The Board has an active succession plan to ensure strong future leadership.

Financial performance review

• Net income increased to $4.9 million, up from $3.8 million the previous year; capital ratios remain strong at 16.48% total risk-based and 11.1% leverage as of March 31, 2025.

• Fiscal year 2025 net income was $4.0 million, a 29% increase from the prior year; loan portfolio grew by 13% and exceeded $1 billion.

• Deposits were steady at $1.21 billion as of June 2025, with a strong liquidity position of nearly $800 million.

• Asset quality improved, with non-performing assets at their lowest level and minimal net charge-offs.

• Allowance for credit losses held at 1.44% of total loans, reflecting a strong credit culture.