Richmond Mutual Q1 2024 net income $2.4M ($0.23 EPS); net interest margin improves to 2.74%

Richmond Mutual Bancorporation, Inc.

2024-Q1 EPS reported $0.23

Net income of $2.4M ($0.23 diluted EPS) vs $1.9M ($0.19) in Q4 2023 and $2.9M ($0.27) in Q1 2023.
Net interest margin 2.74% vs 2.67% prior quarter; net interest income up 5.4% QoQ to $9.8M.
Nonperforming loans improved to 0.61% of total loans from 0.72% at December 31, 2023.
Deposits up $28.5M to $1.1B; brokered time deposits $291.3M (27.2% of total deposits).
Repurchased 92,613 shares at avg $11.58 in Q1; additional 39,878 shares after quarter end.

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 0.95

Richmond Mutual Bancorporation, Inc. reported first quarter of 2024 results: net income $2.4 million, EPS $0.23 diluted earnings per share.

Period: first quarter of 2024
Net income: $2.4 million
EPS: $0.23 diluted earnings per share
Result: reported results

Exact text from the filing

Richmond Mutual Bancorporation, Inc., a Maryland corporation (the “Company”) (NASDAQ: RMBI), parent company of First Bank Richmond (the “Bank”), today announced net income of $2.4 million, or $0.23 diluted earnings per share, for the first quarter of 2024

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Richmond Mutual Bancorporation, Inc. filing history →

Source: SEC EDGAR

accession 0001767837-24-000008

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