Riverview Bancorp (Riverview Bancorp) Total Assets

: $1,590.62 Mil (As of Dec. 2023)

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Riverview Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $1,590.62 Mil.

Warning Sign:

If a company builds assets at 9.6% a year, faster than its revenue growth rate of 3.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Riverview Bancorp's average Total Assets Growth Rate was -0.40% per year. During the past 3 years, the average Total Assets Growth Rate was 11.00% per year. During the past 5 years, the average Total Assets Growth Rate was 9.60% per year. During the past 10 years, the average Total Assets Growth Rate was 8.40% per year.

During the past 13 years, Riverview Bancorp's highest 3-Year average Total Assets Growth Rate was 26.80%. The lowest was -9.50%. And the median was 6.90%.

Total Assets is connected with ROA %. Riverview Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 was 0.37%. Total Assets is also linked to Revenue through Asset Turnover. Riverview Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Riverview Bancorp Total Assets Historical Data

The historical data trend for Riverview Bancorp's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Riverview Bancorp Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

1,156.92

1,180.81

1,549.16

1,740.10

1,589.71

Riverview Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets																1,598.73	1,589.71	1,582.82	1,583.73	1,590.62

Riverview Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Riverview Bancorp's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	155.239	+	1434.473
	=	1,589.71

Riverview Bancorp's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	158.472	+	1432.151
	=	1,590.62

Riverview Bancorp (NAS:RVSB) Total Assets Explanation

Total Assets is connected with ROA %.

Riverview Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	5.808	/	( (1583.733	+	1590.623)	/ 2 )
	=	5.808	/	1587.178
	=	0.37 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Riverview Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	12.38	/	( (1583.733	+	1590.623)	/ 2 )
=	12.38	/	1587.178
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Riverview Bancorp Total Assets Related Terms

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Riverview Bancorp (Riverview Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Riverview Bancorp Inc (NAS:RVSB) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 Washington Street, Suite 900, Vancouver, WA, USA, 98660

Website

https://www.riverviewbank.com

Riverview Bancorp Inc is an American savings and loan holding company. The company through its subsidiaries engages in the business of attracting deposits and puts it to use in its market area to originate commercial business. It organizes in two operating segments, Banking Operations performed by the bank and trust and Investment Services performed by the Trust company. The company products and services include checking, saving, money market, mortgage, home equity, consumer, online banking, cash management, and others.

Executives

Robert Benke	officer: EVP/CCO	900 WASHINGTON ST, STE 900, VANCOUVER WA 98660
Valerie Moreno	director	900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Michael Sventek	officer: EVP/CLO	900 WASHINGTON ST, SUITE 900, VANCOUVER WA 98660
Stacey Graham	director	900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Bradley Carlson	director	900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Bessie Ross Wills	director	900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Sowers Courtney Evan	officer: President/CEO - Trust Co.	900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Larry Hoff	director	900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Tracie L. Jellison	officer: Chief Retail Banking Officer	900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Patricia Eby	director	900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
John A Karas	officer: Sr. Vice President	900 WASHINGTON ST, SUITE 900, VANCOUVER WA 98660
Martin S. Friedman	10 percent owner, other: See Remarks below	7901 JONES BRANCH DR. SUITE 210, MCLEAN VA 22102
David Nierenberg	director	19605 NE 8TH STREET, CAMAS WA 98607
Kim J Capeloto	officer: Executive Vice President	900 WASHINGTON ST., SUITE 900, VANCOUVER WA 98660
Daniel D Cox	officer: EVP, Chief Credit Officer	900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660