secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K/A
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001767837-22-000019
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 reports Q2 2022 net income $3.5M ($0.31 EPS), up 29% YoY; authorizes new 10% stock repurchase program
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000176783722000019/0001767837-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000176783722000019/rmbi-20220721.htm
  HTML page:      https://secwatch.observer/filing/0001767837-22-000019

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