Riverview Bancorp Inc. (RVSB) on Friday said it expects to record a provision for loan losses in the range of $6.8 million to $7.3 million, or $0.63 to $0.68 per share, during the second quarter.
The company currently expects the year to date provision for loan losses to be between $9.6 million and $10.1 million. The action would lift Riverview's allowance for loan losses to approximately 2.20% of total loans at September 30, 2008.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.