secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2022-07-22T23:59:59+00:00
Accession:  0001767837-22-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000176783722000018/0001767837-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000176783722000018/rmbi-20220721.htm
  HTML page:      https://secwatch.observer/filing/0001767837-22-000018

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