Richmond Mut Bancorporation Stock Price, News & Analysis

Richmond Mutual Bancorporation (NASDAQ: RMBI) reported Q1 2025 net income of $2.0 million, or $0.20 diluted EPS, down from $2.5 million ($0.24 EPS) in Q4 2024 and $2.4 million ($0.23 EPS) in Q1 2024.

Key financial metrics include:

• Assets remained stable at $1.5 billion
• Net interest income increased 4.0% to $10.3 million
• Net interest margin improved to 2.79%
• Provision for credit losses increased to $731,000
• Nonperforming loans rose slightly to 0.59% of total loans

The company recorded a one-time pre-tax expense of $246,000 related to core provider contract negotiations, reducing EPS by $0.02. During Q1 2025, RMBI repurchased 324,696 shares at an average price of $13.04 per share.

Richmond Mutual Bancorporation (NASDAQ: RMBI) has announced a 7% increase in its quarterly cash dividend. The Board of Directors has declared a dividend of $0.15 per share, representing a $0.01 increase from the previous quarter's dividend. The dividend will be paid on March 12, 2025, to shareholders of record as of the close of business on February 26, 2025.

Richmond Mutual Bancorporation (NASDAQ: RMBI) has announced its upcoming annual stockholders' meeting, scheduled for Wednesday, May 21, 2025. The company has set March 24, 2025 as the record date for determining stockholders eligible to vote at the annual meeting.

Richmond Mutual Bancorporation (NASDAQ: RMBI) reported Q4 2024 net income of $2.5 million, or $0.24 diluted earnings per share, matching Q3 2024 results and up from $1.9 million ($0.19 per share) in Q4 2023. Net interest income increased 4.6% to $9.9 million compared to Q3 2024, with net interest margin improving to 2.70%.

Total assets remained stable at $1.5 billion, while loans and leases, net of allowance, grew to $1.2 billion. Credit quality showed improvement with nonperforming loans decreasing to 0.58% of total loans. Deposits increased 5.1% year-over-year to $1.1 billion, with uninsured deposits at 22.7% of total deposits.

The company continued its share repurchase program, buying back 133,858 shares at an average price of $13.95 during Q4. Book value per share was $12.29, and the Bank's Tier 1 capital ratio remained strong at 10.75%.

Richmond Mutual Bancorporation (NASDAQ: RMBI) has announced a quarterly cash dividend of $0.14 per share. The dividend will be paid on December 19, 2024 to stockholders of record as of the close of business on December 5, 2024.

Richmond Mutual Bancorporation (NASDAQ: RMBI) reported net income of $2.5 million, or $0.24 diluted earnings per share, for Q3 2024, showing improvements from $2.1 million ($0.20 per share) in Q2 2024 and $1.9 million ($0.19 per share) in Q3 2023. The company's assets remained stable at $1.5 billion, with loans and leases totaling $1.1 billion. Nonperforming loans decreased to $6.7 million (0.58% of total loans) from $7.7 million in Q2. Net interest margin declined to 2.60% from 2.64% in Q2, while deposits increased to $1.1 billion, with noninterest-bearing deposits representing 9.0% of total deposits.

Richmond Mutual Bancorporation (NASDAQ: RMBI) has announced a quarterly cash dividend of $0.14 per share on its common stock. The dividend will be payable on September 18, 2024 to stockholders of record at the close of business on September 4, 2024. This announcement demonstrates the company's commitment to returning value to shareholders and may indicate confidence in its financial stability. The dividend declaration by the Board of Directors suggests a positive outlook for the company's near-term financial performance.

Richmond Mutual Bancorporation (NASDAQ: RMBI) reported net income of $2.1 million, or $0.20 diluted earnings per share, for Q2 2024. This represents a decrease from $2.4 million in Q1 2024 and $2.7 million in Q2 2023. Key highlights include:

- Assets remained stable at $1.5 billion
- Loans and leases, net of allowance, totaled $1.1 billion
- Deposits increased to $1.1 billion
- Net interest income decreased 2.6% to $9.6 million
- Net interest margin declined to 2.64%
- Nonperforming loans increased to 0.67% of total loans

The company faced pressure on its net interest margin due to rising interest rates affecting liabilities more than assets. However, loan portfolio performance remained strong, and average deposit balances increased during the quarter.

Richmond Mutual Bancorporation announced a quarterly cash dividend of $0.14 per share, payable on June 13, 2024, to shareholders of record by May 30, 2024. This announcement reflects the company's continued commitment to returning value to its shareholders.