Riverview Bancorp Inc. has reported that it earned $1.7 million, or $0.08 per diluted share, in the third fiscal quarter ended December 31, 2015 compared to $1.7 million, or $0.07 per diluted share, in the preceding quarter.
Additionally, the Vancouver-based bank said total loans increased $14.8 million during the third quarter. Year-over-year, total loans increased by $31.6 million.
“We continue to successfully execute on our business plan and strategic initiatives,” said Pat Sheaffer, chairman and chief executive officer. “We were able to capitalize on the strength of the economy in the Portland‐Vancouver marketplace with improved profitability, strong capital and continued loan growth.”
