Stories Related to Riverview Q1 Net Income Up 63%

Riverview Bancorp saw a 63 percent increase in its net income in the first quarter of fiscal year 2019 (March to June 2018), with $4.4 million in net income compared to $2.7 million over the same period the year prior. The Vancouver-based banking company also surpassed its net income for the final quarter of fiscal year 2018, which saw $3 million in profits after expenses. The increase in reported net income equals 20 cents per diluted share. “We started fiscal year 2019 with a record first quarter, and our momentum continues to build,” said Kevin Lycklama, president and chief executive officer, in a news release.