---
schema_version: "secwatch.filing_event.v1"
accession: "0001767837-22-000019"
form_type: "8-K/A"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2022-07-25T23:59:59+00:00"
generated_at: "2026-06-24T09:16:07.269457+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Richmond Mutual reports Q2 2022 net income $3.5M ($0.31 EPS), up 29% YoY; authorizes new 10% stock repurchase program

## Summary
- Net income $3.5M ($0.31 diluted EPS) vs $2.8M ($0.24) in Q2 2021, up 29% YoY.
- Net interest margin improved to 3.45% from 3.26% prior quarter; loans grew to $891.9M.
- Deposits increased to $948.3M (+5.3% from Dec 2021); nonperforming loans stable at 0.89%.
- Board authorized repurchase of up to 1,184,649 shares (~10% outstanding) via 10b5-1 plan.
- During Q2, company repurchased 461,891 shares at avg $16.18; prior program ended July 7, 2022.

## SEC filing metadata
- accession: 0001767837-22-000019
- form_type: 8-K/A
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2022-07-25T23:59:59+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/1767837/000176783722000019/0001767837-22-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000176783722000019/rmbi-20220721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767837-22-000019
- JSON: https://secwatch.observer/filing/0001767837-22-000019.json
- Plain text: https://secwatch.observer/filing/0001767837-22-000019.txt

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