Welcome to our dedicated page for Richmond Mut Bancorporation news (Ticker: RMBI), a resource for investors and traders seeking the latest updates and insights on Richmond Mut Bancorporation stock.
Richmond Mutual Bancorporation (RMBI) delivers community-focused banking services through its First Bank Richmond subsidiary across Indiana and Ohio. This page aggregates official announcements, financial disclosures, and strategic developments essential for understanding the company's position in regional banking.
Investors and stakeholders will find timely updates on earnings reports, regulatory filings, and leadership changes. Our curated collection includes press releases about loan portfolio expansions, risk management strategies, and community reinvestment initiatives that shape RMBI's operations.
The repository features three primary content types: quarterly financial results detailing net interest margins, corporate announcements regarding branch network developments, and regulatory disclosures about capital adequacy ratios. Supplementary materials cover trust service enhancements and commercial real estate financing updates.
Bookmark this page for streamlined access to RMBI's latest communications. Regularly updated content ensures informed decision-making about this community banking institution's financial trajectory and market positioning.
Richmond Mutual Bancorporation (NASDAQ: RMBI) announced an extension of its stock repurchase program, originally set to expire on June 6, 2024, to June 6, 2025. As of May 15, 2024, 723,195 shares remain available for repurchase.
Since the program's inception, the company has repurchased 782,840 shares, costing $8.8 million. The Board also authorized a Rule 10b5-1 trading plan with Keefe, Bruyette & Woods to facilitate stock repurchases during blackout periods. The plan will be subject to market conditions and pricing constraints.
CEO Garry Kleer emphasized the Board's confidence in the company's future, citing strong liquidity, capital position, and a high-quality loan and lease portfolio despite current industry uncertainties.
FAQ
What is the current stock price of Richmond Mut Bancorporation (RMBI)?
What is the market cap of Richmond Mut Bancorporation (RMBI)?
