Riverview Bancorp Inc. reported a $4.2 million profit for its fourth quarter that ended March 31 compared with a $4.4 million profit for the same period a year earlier, the Vancouver-based bank announced Tuesday.
For the fiscal year, which ended on March 31, Riverview reported a $17.3 million profit — a 69 percent increase over the prior year.
“The fourth quarter was a healthy finish to a successful year for Riverview”, said Kevin Lycklama, president and chief executive officer. “Our team finished the year strong achieving record earnings driven by high-quality loan growth, solid revenue generation, expense management and a focus on continuous improvement. As we head into the next fiscal year, we have positive momentum, a strong team of seasoned bankers and are well-positioned to generate solid operating results.”
