---
schema_version: "secwatch.filing_event.v1"
accession: "0001767837-24-000014"
form_type: "8-K"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2024-07-26T23:59:59+00:00"
generated_at: "2026-05-31T15:59:06.525112+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 $2.1M, EPS $0.20; NIM compresses to 2.64%

## Summary
- Diluted EPS of $0.20 vs $0.23 in Q1'24 and $0.26 in Q2'23; net income $2.1M down 12.5% QoQ.
- Net interest margin 2.64% from 2.74% QoQ and 2.77% YoY; interest expense rose 8.6% QoQ.
- Provision for credit losses $270K vs $183K QoQ; net charge-offs $450K in Q2.
- Nonperforming loans $7.7M (0.67% of loans) vs $8.0M at Dec'23; deposit base grew 5.7% since Dec'23.
- Repurchased 97,315 shares at avg $11.68 in Q2; additional 16,034 shares repurchased post-quarter.

## SEC filing metadata
- accession: 0001767837-24-000014
- form_type: 8-K
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2024-07-26T23:59:59+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/1767837/000176783724000014/0001767837-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000176783724000014/rmbi-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767837-24-000014
- JSON: https://secwatch.observer/filing/0001767837-24-000014.json
- Plain text: https://secwatch.observer/filing/0001767837-24-000014.txt

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