Riverview Financial Corp. has increased the tax cut-related revaluation of its deferred tax asset value, reporting a $3.9 million tax expense adjustment for the quarter ended Dec. 31, 2017.
It previously recorded a $2.5 million adjustment.
The higher figure is expected to negatively impact EPS by about 43 cents. The earlier estimate was projected to result in a hit of 28 cents.
Riverview Financial is the Harrisburg, Pa.-based holding company of Riverview Bank. It had $681.4 million in assets as of Sept. 30, 2017.