RIVERVIEW BANCORP INC 10-K

Item 5. 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 June 15, 2022, the number of shares of Company common stock issued and outstanding were 22,157,147 and 22,128,907, and there were 573 stockholders of record (not including the number of persons or entities holding stock in nominee or street name through various brokerage firms) and an estimated 3,314 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. During fiscal year 2022, the Company announced that its Board of Directors authorized two stock repurchase programs (the “June 2021 repurchase program” and “March 2022 repurchase program”). Under both the June 2021 repurchase program and March 2022 repurchase program, the Company was authorized to repurchase up to $5.0 million of the Company’s outstanding shares of common stock, in the open market or in privately negotiated transactions. The June 2021 repurchase program was effective from June 21, 2021 continuing until the earlier of the completion of the repurchase or December 21, 2021. As of the December 21, 2021, the termination date for the June 2021 repurchase program, the Company had repurchased $1.7 million worth of the Company’s outstanding shares at an average price of $6.89 per share. The March 2022 repurchase program is effective from March 21, 2022 continuing until the earlier of the completion of the repurchase or September 9, 2022. As of March 31, 2022, the Company repurchased $216,000 worth of the Company’s outstanding shares at an average price of $7.63 per share under this stock repurchase program. ​ The following table sets forth the Company’s repurchases of its outstanding common stock under the March 2022 repurchase program during the three months ended March 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Dollar ​ Maximum Dollar Value ​ ​ Total ​ Average ​ Value Purchased ​ of Shares that ​ ​ Number of ​ Price ​ as Part of Publicly ​ May Yet Be Purchased ​ ​ Shares ​ Paid per ​ Announced Stock ​ Under the Stock Period ​ Purchased ​ Share ​ Repurchase Program ​ Repurchase Program January 1, 2022 - January 31, 2022 ​ — ​ $ — ​ $ — ​ $ — February 1, 2022 - February 28, 2022 ​ — ​ ​ — ​ ​ — ​ ​ — March 1, 2022 - March 31, 2022 ​ 28,240 ​ ​ 7.63 ​ ​ 215,552 ​ ​ 4,784,448 Total 28,240 ​ $ 7.63 $ 215,552 $ 4,784,448 ​ ​ Securities for Equity Compensation Plans Please refer to Item 12 in this Form 10-K for a listing of securities authorized for issuance under equity compensation plans. Five-Year Stock Performance Graph 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, 2017, and is the base amount used in the graph. The closing price of Riverview’s common stock on March 31, 2022 was $7.55. 44 Table of Contents ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3/31/17* 3/31/18 3/31/19 3/31/20 3/31/21 3/31/22 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Riverview Bancorp, Inc. 100.00 132.18 105.20 73.80 106.24 119.16 S & P 500 Index 100.00 113.99 124.82 116.11 181.54 209.94 NASDAQ Bank Index 100.00 118.95 93.66 62.57 117.30 123.98 *$100 invested on 3/31/17 in stock or index-including reinvestment of dividends. Copyright © 2022, Standard & Poor’s, a division of S&P Global. All rights reserved. www.researchdatagroup.com/S&P.htm ​ ​ ​ Item 6. [Reserved] ​ ​ ​ 45 Table of Contents