Riverview Financial Corporation Reports Second Quarter 2018 Financial Results
Riverview Financial Corporation (RIVE)
NASDAQ:AMEX Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=4224328
Company Research
Source: PR Newswire
HARRISBURG, Pa., July 18, 2018 /PRNewswire/ -- Riverview Financial Corporation ("Riverview") (OTCQX: RIVE), today reported unaudited financial results at and for the three and six months ended June 30, 2018. Riverview, which completed a merger with CBT Financial Corp. ("CBT") on October 1, 2017, reported net income of $2.8 million, or $0.31 per basic and diluted weighted average common share, for the second quarter of 2018, compared to net income of $179 thousand, or $0.04 per basic and diluted weighted average common share, for the comparable period of 2017. For the six months ended June 30, 2018, Riverview reported net income of $5.6 million, or $0.62 per basic and diluted weighted average common share, compared to a net loss of $388 thousand, or $(0.08) per basic and diluted weighted average common share, for the same period last year. The results for the first six months ended June 30, 2018 include pre-tax merger related costs of $461 thousand. The earning
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