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Richmond Mutual Bancorporation Inc - RMBI STOCK NEWS

Welcome to our dedicated news page for Richmond Mutual Bancorporation (Ticker: RMBI), a resource for investors and traders seeking the latest updates and insights on Richmond Mutual Bancorporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Richmond Mutual Bancorporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Richmond Mutual Bancorporation's position in the market.

Rhea-AI Summary
Richmond Mutual Bancorporation, Inc. reported a net income of $2.4 million for the first quarter of 2024, showing improvement in net interest margin and strong credit quality. Assets remained at $1.5 billion, loans and leases at $1.1 billion, and nonperforming loans at 0.61% of total loans. Deposits increased to $1.1 billion, while stockholders' equity decreased to $132.4 million. Net interest income rose to $9.8 million, with an annualized net interest margin of 2.74%. The company repurchased 92,613 shares of common stock. Interest income on loans and leases and investment securities increased, while interest expense also rose. The provision for credit losses was $183,000. Uncertainties regarding the allowance for credit losses persist.
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Rhea-AI Summary
Richmond Mutual Bancorporation, Inc. (RMBI) declares a cash dividend of $0.14 per share, payable on March 14, 2024, to stockholders of record as of March 4, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
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dividends
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Rhea-AI Summary
Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) has scheduled its annual meeting of shareholders for May 15, 2024. The voting record date for shareholders entitled to vote at the annual meeting will be March 28, 2024.
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End-of-Day
-2.1%
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Rhea-AI Summary
Richmond Mutual Bancorporation, Inc. announced net income of $1.9 million for Q4 2023, compared to $1.9 million in Q3 2023 and $3.3 million in Q4 2022. Annual net income was $9.5 million for 2023, down from $13.0 million in 2022. Assets totaled $1.5 billion, nonperforming loans and leases were 0.72% of total loans and leases, and deposits totaled $1.0 billion at the end of 2023.
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Rhea-AI Sentiment
End-of-Day
2.27%
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Rhea-AI Summary
Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) Declares $0.14 Cash Dividend Per Share
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Rhea-AI Summary
Richmond Mutual Bancorporation reports net income of $1.9 million for Q3 2023
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Rhea-AI Sentiment
End-of-Day
-0.62%
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Rhea-AI Summary
Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) has declared a cash dividend of $0.14 per share on its common stock. The dividend will be payable on September 14, 2023, to stockholders of record as of August 31, 2023.
Rhea-AI Impact
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End-of-Day
-1.22%
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dividends
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-1.09%
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-0.61%
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buyback
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Rhea-AI Sentiment
End-of-Day
-0.8%
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dividends
Richmond Mutual Bancorporation Inc

Nasdaq:RMBI

RMBI Rankings

RMBI Stock Data

124.50M
8.44M
14.69%
17.3%
1.48%
Commercial Banking
Finance and Insurance
Link
United States
Richmond

About RMBI

first bank richmond is a full-service community bank headquartered in richmond, indiana. we are a national mutual bank with 8 branches located in richmond, cambridge city, centerville and shelbyville, indiana.