Richmond Mutual Q4 net income $1.9M ($0.19 EPS), down 42% YoY; NIM 2.67%

Richmond Mutual Bancorporation, Inc.

2023-FY EPS reported $0.91

EPS $0.19 flat QoQ, down from $0.31 in Q4 2022; full-year EPS $0.91 vs $1.17.
Net interest margin 2.67% vs 2.66% Q3 2023 and 3.33% a year ago; higher funding costs offset asset yields.
Loans and leases net of allowance $1.1B, up 13.5% YoY; deposits $1.0B up 3.7%.
Nonperforming loans 0.72% of total loans (down from 0.94%); provision for credit losses $304K.
Book value per share $12.03; repurchased 91,575 shares at avg $10.66 in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Richmond Mutual Bancorporation, Inc. reported the year ended December 31, 2023 results: net income Net income was $9.5 million, or $0.91 diluted earnings per share, for the year ended December 31, 2023, EPS $0.91 diluted earnings per share.

Period: the year ended December 31, 2023
Net income: Net income was $9.5 million, or $0.91 diluted earnings per share, for the year ended December 31, 2023
EPS: $0.91 diluted earnings per share
Result: reported results

Exact text from the filing

Net income was $9.5 million, or $0.91 diluted earnings per share, for the year ended December 31, 2023, compared to net income of $13.0 million, or $1.17 diluted earnings per share, for the year ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Richmond Mutual Bancorporation, Inc. reported fourth quarter of 2023 results: net income net income of $1.9 million, or $0.19 diluted earnings per share, EPS $0.19 diluted earnings per share.

Period: fourth quarter of 2023
Net income: net income of $1.9 million, or $0.19 diluted earnings per share
EPS: $0.19 diluted earnings per share
Result: reported results

Exact text from the filing

Richmond Mutual Bancorporation, Inc., a Maryland corporation (the “Company”) (NASDAQ: RMBI), parent company of First Bank Richmond (the “Bank”), today announced net income of $1.9 million, or $0.19 diluted earnings per share, for the fourth quarter of 2023

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Richmond Mutual Bancorporation, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-002282

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