earnings
confidence high
sentiment neutral
materiality 0.65
Richmond Mutual Q3 net income $2.5M ($0.24 EPS); up 32% YoY
Richmond Mutual Bancorporation, Inc.
2024-Q3 EPS reported
$0.68
- Net income $2.5M vs $1.9M in Q3 2023; diluted EPS $0.24 vs $0.19 YoY.
- Net interest income $9.4M, down 1.5% QoQ but up 3.3% YoY; margin 2.60%.
- Noninterest income rose 14.5% YoY to $1.3M on higher loan sale gains.
- Nonperforming loans improved to 0.58% of total loans vs 0.72% at Dec 2023.
- Repurchased 71,306 shares at avg $12.42 during Q3; 22,084 shares post-quarter.