Riverview Bancorp Appoints Graham Clancy as Finance Director and Elevates Phung Le to Controller
Leadership Changes at Riverview Bancorp: Riverview Bancorp has announced the appointment of Graham Clancy as Senior Vice President and Director of Finance, and the promotion of Phung Le to Senior Vice President and Controller, following Wendy Beck's retirement.
Experience of New Leaders: Graham Clancy brings over 14 years of banking experience, previously working at Heritage Bank and Umpqua Bank, while Phung Le has over 10 years in accounting, having joined Riverview in 2019 from public accounting.
Commitment to Financial Strategy: The leadership updates are part of Riverview's strategy to enhance its financial operations and support its growth objectives, as stated by CEO Nicole Sherman.
Riverview's Community Focus: Riverview Bancorp, headquartered in Vancouver, Washington, emphasizes community banking services and has been recognized as the Best Bank for 11 consecutive years by local publications.
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Riverview Bancorp Reports Q3 2026 Earnings Highlights
- Net Income Growth: Riverview Bancorp reported a net income of $1.4 million for Q3 2026, translating to $0.07 per diluted share, which is an increase from $1.1 million in the previous quarter and $1.2 million in the same quarter last year, indicating sustained improvement in profitability.
- Increase in Net Interest Income: The company achieved net interest income of $10.5 million this quarter, up 11.7% from $9.4 million in Q3 2025, reflecting strong loan demand and rising interest rates, which further enhances financial stability.
- Stable Asset Quality: Non-performing assets remained at 0.07% of total assets, consistent with the previous quarter, demonstrating effective credit quality management, while a $100,000 provision for credit losses was recorded this quarter, indicating a cautious approach to potential future risks.
- Shareholder Return Initiatives: The company paid a cash dividend of $0.02 per share on January 16, 2026, and adopted a $2.0 million stock repurchase plan on April 29, 2025, aimed at enhancing shareholder value and boosting market confidence.

Riverview Bancorp Q3 Earnings Exceed Expectations
- Earnings Beat: Riverview Bancorp reported a Q3 GAAP EPS of $0.07, exceeding expectations by $0.03, indicating robust profitability growth amidst a competitive landscape.
- Significant Revenue Growth: The company achieved revenues of $14.05 million in Q3, reflecting a 10.4% year-over-year increase, surpassing analyst expectations by $0.35 million and demonstrating strong market demand.
- Financial Health Indicators: Riverview Bancorp's financial performance continues to improve, showcasing its ability to maintain solid profitability and revenue growth, which enhances investor confidence in the company.
- Optimistic Outlook: With ongoing operational optimization and market share expansion, the company is expected to sustain strong financial performance in the upcoming quarters, further solidifying its position in the industry.






