Riverview Bancorp Announces $4.0M Share Repurchase Program

What Happened
Riverview Bancorp, Inc. (RVSB) announced that its Board of Directors authorized a share repurchase program to buy up to $4.0 million of the company’s common stock. The company filed the 8-K on August 27, 2026, and attached a news release dated August 26, 2026 as Exhibit 99.1.

Key Details

• Board authorization: repurchase program of up to $4.0 million of common stock.
• Filing date: Form 8-K filed August 27, 2026; news release dated August 26, 2026 (Exhibit 99.1).
• The 8-K does not specify timing, purchase method (open-market or other), maximum share count, or expiration date for the program.

Why It Matters
A board-authorized buyback gives the company flexibility to repurchase shares, which can reduce outstanding shares and potentially affect per-share metrics (like earnings per share) or return excess capital to shareholders. Because the filing provides only the authorization amount and no timing or method details, the immediate impact on Riverview’s share count and financials is unclear until the company discloses actual repurchases.