---
schema_version: "secwatch.filing_event.v1"
accession: "0001767837-22-000018"
form_type: "8-K"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2022-07-22T23:59:59+00:00"
generated_at: "2026-06-24T09:38:15.846989+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Richmond Mutual Q2 net income $3.5M, EPS $0.31; announces new 10% stock buyback program

## Summary
- Net income $3.5M ($0.31 diluted EPS) vs $3.0M ($0.26) Q1'22 and $2.8M ($0.24) Q2'21; YoY EPS +29%.
- Net interest margin 3.45%, up 19 bps QoQ; net interest income $10.5M (+4.9% QoQ).
- Loans and leases net $891.9M (+7.1% from Dec'21); deposits $948.3M (+5.3%).
- Board authorized repurchase of up to 1,184,649 shares (~10% outstanding) via open market or 10b5-1 plan.
- During Q2 repurchased 461,891 shares at avg $16.18; previous program ended July 7 with 817,984 shares bought.

## SEC filing metadata
- accession: 0001767837-22-000018
- form_type: 8-K
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2022-07-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767837/000176783722000018/0001767837-22-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000176783722000018/rmbi-20220721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767837-22-000018
- JSON: https://secwatch.observer/filing/0001767837-22-000018.json
- Plain text: https://secwatch.observer/filing/0001767837-22-000018.txt

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