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Riverview Financial ups DTA revaluation estimate


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Riverview Financial ups DTA revaluation estimate

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.