Riverview Bancorp (RVSB) AGM 2026 summary

Opening remarks and agenda

• The meeting was called to order by the board chair, with introductions of directors, executive officers, and key external representatives, including the audit firm, investor relations, and legal counsel.

• Shareholders were informed of the process for submitting questions and the presence of a quorum was confirmed.

• Three items of business were outlined: election of directors, advisory vote on executive compensation, and approval of the 2026 Stock Purchase Plan.

Board and executive committee updates

• Two new board directors with expertise in community, business, technology, and finance were added during the year.

• The leadership team and board members have personally invested in company stock, demonstrating confidence in the company's direction.

Financial performance review

• Strategic balance sheet optimization included selling $149.3 million in lower-yielding securities, resulting in an $11.4 million pre-tax loss but positioning for stronger future earnings.

• Net interest income increased 11% year-over-year and 24% from March 2025 to June 2026, with quarterly net income reaching $1.7 million in June 2026.

• Loan portfolio exceeded $1 billion, growing by $104 million since March 2022, with a strong pipeline and deposit growth to $1.26 billion.

• Liquidity remains strong at nearly $800 million, about 62% of total deposits, and asset quality is high with non-performing assets under 1% of loans.

• The company is well-capitalized with a total capital ratio of 15.64% and a strong allowance for credit losses at 1.4% of loans.