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Aug. 7, 2022

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Vancouver’s Riverview Bankcorp posts net income of $4.1 million

By , Columbian Innovation Editor

Vancouver-based Riverview Bankcorp earned a net income of $4.1 million, or $0.19 per diluted share, in its most recent fiscal quarter that ended March 31, according to a news release.

It was a better quarter than its last, during which it earned $3.4 million.

“We delivered strong fourth quarter and record fiscal year 2022 results, highlighted by substantial loan growth, strong loan production and solid revenue growth,” said Kevin Lycklama, president and chief executive officer.

Riverview’s net interest income was $11.9 million in the quarter, compared with $12.1 million in the preceding quarter, according to the news release.

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