Richmond Mutual Q1 2025 net income $2.0M ($0.20 EPS) vs $2.4M ($0.23) YoY; provision for credit losses surges

Richmond Mutual Bancorporation, Inc.

2025-Q1 EPS reported $0.20

Diluted EPS $0.20 vs $0.24 in Q4 2024 and $0.23 in Q1 2024; net income $2.0M, down from $2.5M and $2.4M respectively.
Provision for credit losses $731,000, up from $196,000 in Q4 2024 and $183,000 in Q1 2024, driven by commercial loan growth.
One-time pre-tax expense of $246,000 from core provider contract negotiations reduced EPS by $0.02.
Net interest margin improved to 2.79% from 2.70% in prior quarter; net interest income rose 4.0% sequentially to $10.3M.
Repurchased 324,696 shares at avg $13.04 during quarter; additional 48,258 shares bought after quarter end.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.