---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-002282"
form_type: "8-K"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:37:57.954752+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-002282
- form_type: 8-K
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767837/000162828024002282/0001628280-24-002282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000162828024002282/rmbi-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-002282
- JSON: https://secwatch.observer/filing/0001628280-24-002282.json
- Plain text: https://secwatch.observer/filing/0001628280-24-002282.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767837/000162828024002282/0001628280-24-002282-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767837/000162828024002282/0001628280-24-002282-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.