Richmond Mutual Q3 net income $1.9M ($0.19 EPS), down from Q2; net margin falls to 2.66%

Richmond Mutual Bancorporation, Inc.

2023-Q3 EPS reported $0.72

Net income $1.9M ($0.19 diluted EPS) vs $2.7M ($0.26) in Q2 2023 and $3.2M ($0.29) in Q3 2022.
Net interest margin 2.66%, down from 2.77% QoQ and 3.39% YoY; net interest income fell 2.2% QoQ and 13.2% YoY.
Loans grew 10.9% YTD to $1.1B; deposits up 4.8% to $1.1B. Nonperforming loans improved to 0.74% from 0.94%.
Repurchased 148,546 shares at avg $11.39 in Q3; ~959,611 shares remain under buyback program.
Provision for credit losses $50K vs $8K in Q2; credit quality stable with net charge-offs $299K in Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Richmond Mutual Bancorporation, Inc. reported the third quarter of 2023 results: revenue $9.1 million, net income $1.9 million, EPS $0.19 diluted earnings per share.

Period: the third quarter of 2023
Revenue: $9.1 million
Net income: $1.9 million
EPS: $0.19 diluted earnings per share
Result: reported results

Exact text from the filing

30, 2023, and $133.0 million at December 31, 2022. The Company’s equity to assets ratio was 8.34% at September 30, 2023. • Net interest income decreased $206,000, or 2.2%, to $9.1 million for the three months ended September 30, 2023, compared to net interest income of $9.3 million for the prior quarter, and decreased $1.4 million, or 13.2%, from $10.5 million for

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Richmond Mutual Bancorporation, Inc. filing history →

Source: SEC EDGAR

accession 0001767837-23-000020

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.