What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2021-06-21 compared with 2020-06-17 · 29 added, 25 removed, 72 unchanged (43% of the section changed)

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

The Company's common stock is traded on the Nasdaq Global Market under the symbol “RVSB.” At March 31, 2020, the number of shares of Company common stock issued and outstanding were 22,748,385 and

22,544,285, respectively, 565 stockholders of record and an estimated 2,913 holders in nominee or “street name”.

The Company's common stock is traded on the Nasdaq Global Market under the symbol “RVSB.” At March 31, 2021, the number of shares of Company common stock issued and outstanding were 22,351,235, there were 596

stockholders of record and an estimated 2,762 holders in nominee or “street name”.

Stock Repurchase

The Company may repurchase shares of its common stock from time-to-time in open market transactions.

The timing, volume and price of purchases are made at our discretion and are also contingent

upon our overall financial condition, as well as general market conditions.

The timing, volume and price of purchases are made at our discretion and are also contingent upon our overall

financial condition, as well as general market conditions.

On February 27, 2020, the Company announced that its Board of Directors adopted a stock repurchase program.

Under the repurchase program, the Company may repurchase up to 500,000 shares of the

Company’s outstanding shares of common stock, in the open market, based on prevailing market prices, or in private negotiated transactions, over a period beginning March 12, 2020 continuing until the earlier of the completion of the repurchase or the

next six months, depending on market conditions.

As of March 31, 2020, the Company had repurchased 204,100 shares under the stock repurchase program at an average price of $4.94 per share.

As of April 17, 2020, the Company had repurchased the

remaining 295,900 shares at an average price of $4.85 per share.

The Company did not repurchase any shares of its common stock during the years ended March 31, 2019 or 2018.

The following table sets forth the Company’s repurchases of its outstanding common stock during the fourth quarter of the year ended March 31, 2020:

Under this repurchase program, the Company was authorized to repurchase up to 500,000 shares of the Company’s

outstanding shares of common stock.

The Company repurchased 204,100 shares under the stock repurchase program at an average price of $4.94 per share during the year ended March 31, 2020.

As of March 31, 2021, the Company had repurchased the remaining

295,900 shares under the stock repurchase program at an average price of $4.85 per share.

The following table sets forth the Company’s repurchases of its outstanding common stock during the first quarter of the fiscal year ended March 31, 2021:

Total Number of

Shares Purchased

as Part of Publicly Announced Stock Repurchase

Maximum Number (or Approximate Dollar

as Part of Publicly

Announced Stock

Repurchase Program

Maximum Number (or

Approximate Dollar

Value) of Shares that

2 unchanged sentences

Repurchase Program

March 12, 2020

March 12, 2020 – March 31, 2020

April 1, 2020

April 1, 2020 – March 31, 2021

Securities for Equity Compensation Plans

2 unchanged sentences

The following graph compares the cumulative total shareholder return on our common stock with the cumulative total return on the Standard & Poor's 500 Stock Index and The NASDAQ Bank Index.

The graph assumes that total return includes the reinvestment of all dividends and that the value of the investment in Riverview’s common stock and each index was $100 on March 31, 2015, and is the base amount used in the graph.

The closing price of

Riverview’s common stock on March 31, 2020 was $5.01.

The graph assumes that

total return includes the reinvestment of all dividends and that the value of the investment in Riverview’s common stock and each index was $100 on March 31, 2016, and is the base amount used in the graph.

The closing price of Riverview’s common

stock on March 31, 2021 was $6.93.

Riverview Bancorp, Inc.

S & P 500 Index

NASDAQ Bank Index

*$100 invested on 3/31/16 in stock or index-including reinvestment of dividends.

3 unchanged sentences

Selected Financial Data

The following condensed consolidated statements of operations and financial condition and selected performance ratios as of March 31, 2020, 2019, 2018, 2017 and 2016 and for the years then ended

have been derived from the Company’s audited Consolidated Financial Statements.

The following condensed consolidated statements of operations and financial condition and selected performance ratios as of March 31, 2021, 2020, 2019, 2018 and 2017 and for the years then ended have been derived from

the Company’s audited Consolidated Financial Statements.

The information below is qualified in its entirety by the detailed information included elsewhere herein and should be read along with Item 7.

“Management’s Discussion

and Analysis of Financial Condition and Results of Operations” and Item 8.

“Management’s Discussion and Analysis of Financial

Condition and Results of Operations” and Item 8.

“Financial Statements and Supplementary Data” included in this Form 10-K.

13 unchanged sentences

Net interest income

Provision for (recapture of) loan losses

Net interest income after provision for (recapture of) loan losses

Provision for loan losses

Net interest income after provision for loan losses

Gains from sales of loans, securities and real estate owned

35 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity