RMBI Q3 EPS $0.29, down 6.5% QoQ; loans up 9.9% YTD, NIM falls to 3.39%

Richmond Mutual Bancorporation, Inc.

2022-Q3 EPS reported $0.87

Net income $3.2M ($0.29 diluted EPS) vs $3.5M ($0.31) Q2'22 and $3.1M ($0.27) Q3'21; EPS -6.5% QoQ, +7.4% YoY.
Net interest margin narrowed to 3.39% from 3.45% Q2'22 and 3.42% Q3'21 due to faster liability cost growth.
Loans and leases, net, grew $82.6M (9.9%) YTD to $915.5M; total deposits up $58.5M (6.5%) to $958.6M.
Stockholders' equity fell $55.5M (30.8%) to $125.0M since Dec 2021, driven by $54M AOCI hit and $9.6M buybacks.
Company repurchased 45,689 shares at avg $14.17 in Q3; 1.14M shares remain under repurchase program.

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