---
schema_version: "secwatch.filing_event.v1"
accession: "0001767837-23-000017"
form_type: "8-K"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:15:36.997880+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Richmond Mutual Q2 net income falls to $2.7M; net interest margin compresses to 2.77%

## Summary
- Q2 2023 diluted EPS $0.26, down from $0.27 in Q1 2023 and $0.31 in Q2 2022.
- Net interest income decreased 5.4% sequentially to $9.3M; net interest margin fell 27 bps to 2.77%.
- Nonperforming loans improved to 0.81% of total loans ($8.5M) vs 0.94% at Dec 2022.
- Company repurchased 237,072 shares at avg $10.26 during Q2; 1.1M shares remain under program.
- Adopted CECL on Jan 1, 2023, adding $3.8M net-of-tax to allowance; allowance now 1.45% of loans.

## SEC filing metadata
- accession: 0001767837-23-000017
- form_type: 8-K
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767837/000176783723000017/0001767837-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000176783723000017/rmbi-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767837-23-000017
- JSON: https://secwatch.observer/filing/0001767837-23-000017.json
- Plain text: https://secwatch.observer/filing/0001767837-23-000017.txt

## Key facts
- Earnings Releases
  Richmond Mutual Bancorporation, Inc. reported second quarter of 2023 results: net income $2.7 million, EPS $0.26 diluted earnings per share.
  - Period: second quarter of 2023
  - Net income: $2.7 million
  - EPS: $0.26 diluted earnings per share
  - Result: reported results
  source text: Richmond Mutual Bancorporation, Inc., a Maryland corporation (the "Company") (NASDAQ: RMBI), parent company of First Bank Richmond (the "Bank"), today announced net income of $2.7 million, or $0.26 diluted earnings per share, for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767837/000176783723000017/0001767837-23-000017-index.htm

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