Riverview Bancorp (NASDAQ:RVSB) Third Quarter 2023 Results
Key financial results
Revenue: USD 16.7 million (up 1.3% from Q3 2022).
Net profit: USD 5.24 million (down 4.9% from Q3 2022).
Margin: 31% (down from 34% in Q3 2022). The decrease in margin was due to an increase in expenses.
EPS: USD 0.24 (down from USD 0.25 in Q3 2022).
All numbers shown in the chart above are for the last 12 months (TTM) period.
Revenue Insights for Riverview Bancorp
Revenues are projected to grow at an average annual rate of 3.9% over the next two years, compared to a 6.5% growth forecast for the US banking industry.
performance of American banking industry.
The company’s stock is up 2.5% from a week ago.
Remember, there are still risks. for example, Riverview Bancorp Two Warning Signs (1 is a little disgusting) Caution is required.
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This article by Simply Wall St is general in nature. We provide comments based on historical data and analyst projections using only unbiased methodologies and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. We aim to deliver long-term focused analysis based on fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Is not …
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