---
schema_version: "secwatch.filing_event.v1"
accession: "0001767837-25-000007"
form_type: "8-K"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:10:37.546414+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001767837-25-000007
- form_type: 8-K
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767837/000176783725000007/0001767837-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000176783725000007/rmbi-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767837-25-000007
- JSON: https://secwatch.observer/filing/0001767837-25-000007.json
- Plain text: https://secwatch.observer/filing/0001767837-25-000007.txt

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