secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001767837-24-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richmond Mutual Q3 net income $2.5M ($0.24 EPS); up 32% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000176783724000017/0001767837-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000176783724000017/rmbi-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001767837-24-000017

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