secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0001767837-22-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000176783722000023/0001767837-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000176783722000023/rmbi-20221020.htm
  HTML page:      https://secwatch.observer/filing/0001767837-22-000023

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