secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001628280-24-002282
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000162828024002282/0001628280-24-002282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000162828024002282/rmbi-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-002282

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer