---
schema_version: "secwatch.filing_event.v1"
accession: "0001767837-23-000020"
form_type: "8-K"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T18:43:56.656210+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001767837-23-000020
- form_type: 8-K
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2023-10-20T23:59:59+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/1767837/000176783723000020/0001767837-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000176783723000020/rmbi-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767837-23-000020
- JSON: https://secwatch.observer/filing/0001767837-23-000020.json
- Plain text: https://secwatch.observer/filing/0001767837-23-000020.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767837/000176783723000020/0001767837-23-000020-index.htm

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