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Riverview Financial (NASDAQ:RIVE) shares have given back plenty of recent gains in the last month, dropping . Looking...
HARRISBURG, Pa. , July 26, 2019 /PRNewswire/ -- Riverview Financial Corporation (the "Company" or " Riverview ") (NASDAQ: RIVE), today reported unaudited financial results at and for ...
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Riverview Financial (NASDAQ:RIVE) shares have retraced a considerable in the last month. The recent drop has...
CEO and President of Riverview Financial Corp (30-Year Financial, Insider Trades) Brett D Fulk (insider trades) bought 5,000 shares of RIVE on 08/29/2019 at an average price of $10.25 a share. Continue reading...
Riverview Financial Corporation (the "Company" or "Riverview") (NASDAQ: RIVE), today reported unaudited financial results at and for the three months ended March 31, 2020. Riverview reported net income of $633 thousand, or $0.07 per basic and diluted weighted average common share, for the first quarter of 2020, compared to a net loss of $687 thousand, or $(0.08) per basic and diluted weighted average common share, for the first quarter of 2019. The major factor impacting earnings in the first quarter of 2020 was the recognition of a $1.8 million provision for loan losses. The increase in the provision for loan losses was a result of loan growth and increases in historical loss factors primarily due to the charge-off of one unsecured credit associated with a fraudulent borrower and in qualitative factors related to the reserve build associated with the effects of COVID-19 as of the balance sheet date. As the Company weighs additional information on the potential impact of this event on our overall economic prospects, coupled with our loan officers' further assessments of the impact on individual borrowers, our delinquencies and loss estimates will be revised as needed. These revisions could have a material impact on future provisions to the allowance for loan losses and results of operations. Another major factor influencing the level of earnings in the first quarter of 2020 was the recognition of $315 thousand less of net accretion on acquired assets and assumed liabilities comparing the first quarters of 2020 and 2019. Partially offsetting the impact of these reductions to income was the recognition of a $815 thousand net gain on the sale of investment securities in order to provide liquidity to fund loan demand and limit exposure to falling rates through the disposition of adjustable rate securities. The results for the first three months of 2019 included the recognition of a nonrecurring executive separation pre-tax expense totaling $2.2 million, which primarily contributed to the first quarter net loss.
HARRISBURG, Pa., Aug. 22, 2019 /PRNewswire/ -- The Board of Directors of Riverview Financial Corporation (RIVE) today declared a cash dividend of $0.075 per share for the third quarter of 2019. The dividend is payable September 30, 2019 to shareholders of record as of September 13, 2019. Brett D. Fulk, President and Chief Executive Officer stated, "We are pleased to declare a dividend for the third quarter of 2019, which represents an annualized yield of 2.9% based on the closing price of our stock on the dividend declaration date.
HARRISBURG, Pa. , Sept. 18, 2019 /PRNewswire/ -- Riverview Financial Corporation (" Riverview ") (NASDAQ: RIVE), Riverview Bank is pleased to announce the opening of its newest community office ...
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HARRISBURG, Pa., Oct. 28, 2019 /PRNewswire/ -- Riverview Financial Corporation ("Riverview") (RIVE), Riverview Bank continues to deliver on the promised 2019 expansion into growth markets throughout Pennsylvania, with its newest office opening today, October 28, 2019, in the Lehigh Valley market. "We are excited to enter the Allentown market, offering the community a broad array of attractive products, services, and technology that today's customers expect and deserve, delivered with the kind of relationship-oriented service that only a local community bank can provide." said Brett Fulk, President and CEO, "Our newly formed Allentown team possesses the industry knowledge and community banking minded philosophy needed to establish a meaningful presence in the market.
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The Board of Directors of Riverview Financial Corporation (NASDAQ: RIVE) today declared a cash dividend of $0.075 per share for the first quarter of 2020. The dividend is payable March 31, 2020 to shareholders of record as of March 13, 2020.
HARRISBURG, Pa. , Oct. 22, 2019 /PRNewswire/ -- Riverview Financial Corporation (the "Company" or " Riverview ") (NASDAQ: RIVE), today reported unaudited financial results at and for ...
Riverview Financial Corporation (Nasdaq: RIVE), parent company of Riverview Bank and its operating divisions, CBT Bank and Citizens Neighborhood Bank (Collectively referred to as "Riverview Bank"), provides guidance as COVID-19 continues to evolve. Riverview Bank is committed to taking actions deemed necessary to help ensure that our customers, employees, and community neighbors remain safe and well positioned to bounce back as quickly as possible following the present Pandemic crisis. Riverview Bank has launched several initiatives and precautionary measures intended to mitigate the impact of the COVID-19 virus pandemic which are detailed in this press release. We are providing relief in all aspects of our business to support our customers and neighbors impacted by the pandemic throughout the communities we serve, while remaining flexible in our ongoing efforts to balance customer service needs with operational changes required as we react to environmental changes and governmental mandates.
Organic loan growth activity throughout 2017 led to a significant increase in interest income in 2018, and a strategic merger with CBT Corp, headquartered in Clearfield County, PA was completed in the fourth quarter of 2017, propelling Riverview Financial to over $1 billion in assets. "Being a community bank throughout rural Pennsylvania markets, it is critical we deliver convenience and accessibility while maintaining a true hometown experience throughout the process of serving our valued customers. Our employees are the voice and face of our bank, they follow these principles day in and day out with their actions and dedication. Riverview Financial Corporation, headquartered in Harrisburg, Pennsylvania, the parent company of Riverview Bank and Its Operating Divisions, a full-service community bank that has been serving customers since 1900.
Riverview Financial Corporation (the "Company" or "Riverview") (NASDAQ: RIVE), today reported unaudited financial results at and for the three months and year ended December 31, 2019. Riverview reported net income of $1.3 million, or $0.14 per basic and diluted weighted average common share, for the fourth quarter of 2019, compared to net income of $2.5 million, or $0.27 per basic and diluted weighted average common share, for the fourth quarter of 2018. The decrease in results was caused primarily by recognizing $704 thousand less of net accretion on acquired assets and assumed liabilities along with lower average loan volumes comparing the fourth quarters of 2019 and 2018.
HARRISBURG, Pa., Nov. 21, 2019 /PRNewswire/ -- The Board of Directors of Riverview Financial Corporation (RIVE) today declared a cash dividend of $0.075 per share for the fourth quarter of 2019. Riverview Financial Corporation is the parent company of Riverview Bank. An independent community bank, Riverview Bank serves the Pennsylvania market areas of Berks, Blair, Bucks, Centre, Clearfield, Cumberland, Dauphin, Huntingdon, Lebanon, Lehigh, Lycoming, Perry, Schuylkill and Somerset Counties through 27 community banking offices and four limited purpose offices.