Riverview Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company’s total interest income was $6,905,000 compared to $9,310,000 a year ago. Net interest income was $6,205,000 compared to $8,015,000 a year ago. Income before income taxes was $1,601,000 compared to loss before income taxes of $16,153,000 a year ago. Net income $1,595,000 or $0.07 per basic and diluted share compared to net loss of $15,957,000 or $0.71 per basic and diluted share a year ago. Return on average assets was 0.83% compared to negative return on average assets of 7.40% a year ago. Return on average equity was 8.25% compared to negative return on average equity of 70.39% reported a year ago. For the year, the company’s total interest income was $32,932,000 compared to $39,532,000 a year ago. Net interest income was $29,447,000 compared to $33,667,000 a year ago. Income before income taxes was $2,661,000 compared to loss before income taxes of $23,279,000 a year ago. Net income $2,633,000 or $0.12 per basic and diluted share compared to net loss of $31,657,000 or $1.42 per basic and diluted share a year ago. Return on average assets was 0.33% compared to negative return on average assets of 3.64% a year ago. Return on average equity was 3.41% compared to negative return on average equity of 30.19% a year ago. Book value per share as on March 31, 2013 was $3.49 compared to $3.36 as on March 31, 2012. Tangible book value per share as on March 31, 2013 was $2.33 compared to $2.21 as on March 31, 2012. Net charge-offs in the fourth quarter of fiscal 2013 decreased 23.1% to $390,000 compared to $507,000 a year ago.

Riverview Bancorp Inc. reported net charge-offs in the third quarter of fiscal 2013 were $507,000, compared to $1.3 million in the preceding quarter and $6.8 million in the third fiscal quarter a year ago.

Riverview Bancorp Inc. announced that they will report Q3, 2013 results After-Market on Jan 30, 2013