secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001767837-24-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000176783724000008/0001767837-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000176783724000008/rmbi-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001767837-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer