Liquidity is under severe pressure, evidenced by the aggressive liquidation of $147.6 million in investment securities during 2026Q4 to offset operating cash outflows.
| Metric | Mar'26 | Mar'25 | Mar'24 | Mar'23 | Mar'22 | Mar'21 | Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 | Mar'08 | Mar'07 | Mar'06 | Mar'05 | Mar'04 | Mar'03 | Mar'02 | Mar'01 | Mar'00 | Mar'99 | Mar'98 |
|---|
| Cash from Operations | 12.04M | 8.27M | 12.75M | 13.57M | 16.46M | 24.17M | 15.92M | 20.15M | 11.94M | 18.06M | 11.08M | 5.56M | 6.53M | 11M | 12M | 18.13M | 9.87M | 13.38M | 12.55M | 13.9M | 15.25M | 7.57M | 10.79M | 8.88M | 6.46M | 5.29M | 7.26M | 8M | 3.6M |
| Operating CF Growth % | 45.61% | -35.16% | -6.05% | -17.54% | -31.88% | 51.83% | -21.02% | 68.81% | -33.89% | 63.02% | 99.17% | -14.84% | -40.64% | -8.33% | -33.81% | 83.63% | -26.21% | 6.6% | -9.72% | -8.82% | 101.57% | -29.89% | 21.5% | 37.46% | 22.02% | -27.11% | -9.2% | 122.22% | - |
| Net Income | -4.34M | 4.9M | 3.8M | 18.07M | 21.82M | 10.47M | 15.75M | 17.27M | 10.24M | 7.4M | 6.36M | 4.49M | 19.42M | 2.63M | -31.66M | 4.32M | -5.44M | -2.65M | 8.64M | 11.61M | 9.74M | 6.53M | 6.55M | 4.36M | 4.87M | 3.56M | 3.88M | 4.5M | 3.9M |
| Depreciation & Amortization | 3.4M | 3.33M | 2.76M | 2.69M | 3.52M | 3.21M | 2.96M | 2.72M | 2.92M | 2.75M | 2.6M | 3.28M | 1.9M | 1.88M | 2.01M | 1.93M | 2.23M | 2.31M | 2.17M | 2.26M | 1.91M | 1.49M | 2.16M | 2.11M | 1.67M | 1.5M | 1.29M | 1.2M | 700K |
| Deferred Taxes | -1.58M | 261K | -165K | -144K | 1.01M | -1.43M | -574K | -11K | 3.67M | 3.1M | 3.17M | 2.14M | -15.1M | 0 | 8.54M | 1.84M | -3.29M | -3.65M | -395K | -436K | -704K | 285K | 421K | -942K | 89K | -487K | 15K | -300K | -100K |
| Other Non-Cash Items | 11.56M | -1.08M | 2.19M | -136K | -9.05M | 8.53M | 1.02M | -1.54M | -621K | -215K | 40K | -1.59M | -2.43M | 4.26M | 33.08M | 4.92M | 22.47M | 17.47M | 2.5M | 663K | 2.65M | 709K | 1.36M | 3.14M | -428K | 957K | 1.7M | 2.4M | -1.5M |
| Working Capital Changes | 2.57M | 472K | 4.14M | -7.3M | -1.15M | 2.99M | -3.59M | 1.68M | -4.5M | 4.88M | -1.2M | -2.89M | 2.59M | 2.19M | -40K | 4.99M | -6.19M | -98K | -364K | -187K | 1.66M | -1.45M | 296K | 213K | 265K | -233K | 384K | 200K | 600K |
| Cash from Investing | 118.33M | 13.33M | 63.56M | -76.25M | -221.66M | -150.25M | -878K | -24.97M | -45.58M | -76.59M | -70.66M | -46.26M | -78.38M | 138.52M | -45.35M | 5.57M | 56.35M | -61.32M | -65.23M | -57.88M | -94.54M | -39.13M | -3.53M | 7.47M | 22.95M | -62.7M | -47.3M | -43.2M | -27.2M |
| Purchase of Investments | -25.49M | 0 | 0 | -81.8M | -224.56M | -160.24M | -18.13M | 0 | -47.49M | -92.42M | -60.68M | -52.2M | -101.51M | -5M | -5M | -10M | -4.99M | -5.54M | 0 | 0 | -5M | -10.01M | -17.73M | -5M | -5.51M | -24.15M | -1.94M | -57.8M | -50.7M |
| Sale/Maturity of Investments | 173.35M | 53.67M | 82.47M | 33.65M | 46.78M | 48.07M | 53M | 36.53M | 29.54M | 37.05M | 21.87M | 42.77M | 6.54M | 5.85M | 5.41M | 10.2M | 8.09M | 2.22M | 13.23M | 7.16M | 9.14M | 17.42M | 14.72M | 26.33M | 61.72M | 11.4M | 21.85M | 43M | 34.2M |
| Net Investment Activity | 147.86M | 53.67M | 82.47M | -48.15M | -177.77M | -112.17M | 34.88M | 36.53M | -17.95M | -55.36M | -38.81M | -9.43M | -94.97M | 850K | 405K | 204K | 3.1M | -3.32M | 13.23M | 7.16M | 4.15M | 7.41M | -3.01M | 21.33M | 56.21M | -12.75M | 19.91M | -14.8M | -16.5M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -27.35M | -37.63M | -13.3M | -23.13M | -40.63M | -34.52M | -32.8M | -60.45M | -26.88M | -35.74M | -31.49M | -36.37M | 17.43M | 139.81M | -43.18M | 6.68M | 53.77M | -57.46M | -76.83M | -60.7M | -75.94M | -45.36M | 339K | -13.6M | -31.19M | -47.45M | -63.49M | -26.3M | -9.9M |
| Cash from Financing | -42.91M | -15.82M | -74.71M | -156.71M | 181.21M | 349.52M | 3.98M | -17M | 13.8M | 67.75M | 56.32M | 30.77M | 25.01M | -80.5M | 27.99M | 14.46M | -71.84M | 30.7M | 57.7M | 44.06M | 48.92M | 45.38M | -20.21M | 22.02M | -45.86M | 80.56M | 38.62M | 24.9M | 44.2M |
| Dividends Paid | -1.67M | -2.53M | -5.08M | -5.12M | -4.67M | -4.48M | -4.08M | -3.16M | -2.14M | -1.8M | -1.26M | 0 | 0 | 0 | 0 | 0 | 0 | -2.4M | -4.74M | -4.29M | -3.63M | -2.9M | -2.49M | -2.13M | -2.01M | -1.86M | -1.83M | -1.2M | -300K |
| Share Repurchases | -2.72M | -2M | -577K | -6.71M | -1.94M | -1.45M | -1.02M | -179K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 0 | 36K | 4K | 16K | 0 | 0 | 179K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.77M | 0 | 0 | 0 | 880K | 0 | 536K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | -2.72M | -2M | -541K | -6.7M | -1.92M | -1.45M | -1.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.77M | 0 | 0 | -12.64M | 880K | 0 | 536K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | -1000K | -1000K | -1000K | 1000K | -46K | -40K | -1000K | 1000K | -23K | -21K | -42K | -85K | -79K | -73K | -54K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 0 | 0 | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | 21.85M | 682K | -33.55M | -268.59M | 187.87M | 355.49M | 65.69M | -70.39M | 15.96M | 69.56M | 57.63M | 30.86M | 25.09M | -80.42M | 28.05M | 28.73M | 17.98M | 3.14M | 2.28M | 58.55M | 70.38M | 47.75M | -16.7M | 61.11M | -35.82M | 63.25M | 32.14M | 20.5M | 10.4M |
| Net Change in Cash | 87.45M | 5.77M | 1.6M | -219.38M | -23.98M | 223.44M | 19.02M | -21.82M | -19.85M | 9.21M | -3.26M | -9.92M | -46.84M | 69.02M | -5.36M | 38.16M | -5.61M | -17.24M | 5.02M | 77K | -30.37M | 13.81M | -12.95M | 38.37M | -16.44M | 23.15M | -1.42M | -10.3M | -7M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 29.41M | 23.64M | 22.04M | 241.42M | 265.41M | 41.97M | 22.95M | 44.77M | 64.61M | 55.4M | 58.66M | 68.58M | 115.42M | 46.39M | 51.75M | 13.59M | 19.2M | 36.44M | 31.42M | 31.35M | 61.72M | 47.91M | 60.86M | 22.49M | 38.94M | 15.79M | 17.21M | 27.5M | 7M |
| Cash at End | 116.87M | 29.41M | 23.64M | 22.04M | 241.42M | 265.41M | 41.97M | 22.95M | 44.77M | 64.61M | 55.4M | 58.66M | 68.58M | 115.42M | 46.39M | 51.75M | 13.59M | 19.2M | 36.44M | 31.42M | 31.35M | 61.72M | 47.91M | 60.86M | 22.49M | 38.94M | 15.79M | 17.2M | 27.6M |
| Interest Paid | 0 | 21.63M | 17.24M | 3.74M | 1.95M | 3.25M | 4.58M | 2.69M | 2.18M | 1.66M | 1.57M | 5.46M | 1.97M | 2.69M | 4.4M | 6.69M | 11.34M | 19.37M | 25.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 97K | 1.87M | 6.24M | 5.41M | 4.74M | 4.44M | 6.88M | 3.28M | 285K | 239K | 15K | 31K | 4K | 830K | 387K | 1.32M | 1.54M | 4.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 11.25M | 5.56M | 7.14M | 8.61M | 13.21M | 20.61M | 12.96M | 19.11M | 11.19M | 17.46M | 10.71M | 5.1M | 5.7M | 8.79M | 9.22M | 16.77M | 9.35M | 12.84M | 10.92M | 9.57M | 7.16M | 6.38M | 9.94M | 8.63M | 4.4M | 2.79M | 3.54M | 5.9M | 2.8M |
| FCF Growth % | 102.5% | -22.19% | -17.06% | -34.81% | -35.93% | 59.02% | -32.15% | 70.82% | -35.94% | 63% | 110.12% | -10.5% | -35.19% | -4.64% | -45.05% | 79.35% | -27.15% | 17.51% | 14.15% | 33.62% | 12.2% | -35.77% | 15.21% | 96.11% | 57.75% | -21.24% | -40% | 110.71% | - |
Regional CRE Concentration Risk
According to recent financial disclosures, RVSB reported a net loss of $8.0 million in 2026Q4, which effectively eliminated the bank's ability to generate organic capital, forcing a reliance on existing balance sheet liquidity to sustain operations and meet regulatory capital requirements during this period of significant stress.
The transition from consistent quarterly net income to a substantial loss suggests that the bank's internal capital generation engine has stalled. Investors should monitor whether this negative earnings trajectory necessitates a capital raise or further balance sheet contraction to maintain adequate regulatory ratios.
As reported in quarterly cash flow statements, RVSB liquidated $147.6 million in investment securities during 2026Q4, a sharp departure from historical trends that suggests management is aggressively harvesting liquidity to offset operating cash outflows and address the mounting pressures within the bank's core lending franchise.
This significant divestment indicates that the bank is utilizing its available-for-sale securities as a primary liquidity buffer. Such activity warrants further investigation into the potential for realized losses on these sales and the long-term impact on the bank's future interest income generation capacity.
Based on reported figures, RVSB continued to distribute dividends and execute share buybacks through 2026Q4 despite a net loss of $8.0 million, a practice that appears increasingly difficult to justify given the current deterioration in the bank's core profitability and overall cash flow generation capabilities.
The persistence of capital returns in the face of negative earnings suggests a potential misalignment between management's payout policy and the bank's current financial reality. Analysts should consider whether these distributions are sustainable without further eroding the bank's capital base or liquidity position.
Financial statements reveal that RVSB recorded a $1.2 million provision for loan losses in 2026Q4, marking a notable shift from the zero-provision environment observed in previous quarters and suggesting that management is bracing for potential credit quality issues within the regional commercial real estate portfolio.
This sudden increase in provisioning, while necessary under CECL, directly impacts the bank's bottom line and cash flow profile. It appears to reflect a more cautious outlook on the regional economic environment, which may lead to further earnings volatility if credit conditions continue to weaken.
Quick answers to the most common questions about buying RVSB stock.
Riverview Bancorp, Inc. (RVSB) generated $12.0M in net cash from operating activities in 2026. This reflects the cash generated directly from core business operations.
Riverview Bancorp, Inc. (RVSB) generated $11.3M in free cash flow in 2026. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Riverview Bancorp, Inc. (RVSB) spent $2.2M on capital expenditures in 2026. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2026, Riverview Bancorp, Inc. (RVSB) returned $1.7M to shareholders via cash dividends and spent $2.7M on share repurchases. This shows the company's commitment to returning capital to its equity investors.