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) declared a cash dividend of $0.10 per share on May 18, 2022. The dividend is payable on June 16, 2022 to shareholders of record by June 2, 2022. This announcement reflects the company's commitment to returning value to its shareholders amidst ongoing market challenges.
Richmond Mutual Bancorporation (NASDAQ: RMBI) reported $3.0 million in net income for Q1 2022, equating to $0.26 diluted EPS. This marks increases of 8.3% and 18.2% from Q4 2021 and Q1 2021, respectively. Total assets stood at $1.3 billion, with net loans and leases growing to $850.0 million. Deposits rose to $909.5 million. However, net interest income saw a slight decline, decreasing by 0.4% from the previous quarter. Stockholders' equity decreased 12.8% to $157.3 million, influenced by market adjustments and share buybacks.
Richmond Mutual Bancorporation (NASDAQ: RMBI) has declared a cash dividend of $0.10 per share, marking a significant 43% increase from the previous $0.07 per share dividend announced in November 2021. This dividend will be payable on March 17, 2022, to stockholders on record as of March 3, 2022. The firm, headquartered in Richmond, Indiana, operates through several locations in Indiana and Ohio, providing community-oriented financial and trust services.
Richmond Mutual Bancorporation (NASDAQ: RMBI) will hold its annual shareholders meeting on May 18, 2022. Shareholders must be on record by March 25, 2022 to vote. The company operates First Bank Richmond, offering financial services across eight locations in Indiana and Ohio. For investors, the meeting is critical as it sets the stage for future governance and decision-making.
Richmond Mutual Bancorporation (NASDAQ: RMBI) reported a fourth-quarter net income of $2.7 million, equivalent to $0.24 diluted earnings per share, a decrease from $3.1 million or $0.27 per share in Q3 2021. For the full year, net income rose to $11.1 million or $0.96 per share, up from $10 million or $0.82 in 2020. Notably, the company incurred a $665,000 one-time pension plan expense in Q4. Excluding this charge, net income was $3.2 million, reflecting ongoing operational strength with total assets reaching $1.3 billion at year-end.
Richmond Mutual Bancorporation has declared a cash dividend of $0.07 per share on its common stock. This dividend will be payable on December 16, 2021, to stockholders who are on record as of December 2, 2021. The announcement highlights the company's ongoing commitment to providing value to its investors amid economic uncertainties.
Richmond Mutual Bancorporation (NASDAQ: RMBI) announced Q3 2021 net income of $3.1 million, or $0.27 per diluted share, reflecting growth from $2.8 million in Q2 2021 and $2.5 million in Q3 2020. Total assets reached $1.2 billion, with loans net of allowance at $795.4 million. Total deposits increased by 3.9% to $824.3 million. Nonperforming loans rose to $8.5 million, or 1.05%. Net interest income increased by 8.4% to $10 million. The company continued stock repurchase activities and aimed to improve shareholder returns amid ongoing pandemic challenges.
Richmond Mutual Bancorporation (NASDAQ: RMBI) declared a cash dividend of $0.07 per share on August 19, 2021. This dividend will be paid on September 16, 2021 to shareholders on record as of September 2, 2021. The company operates multiple banking locations in Indiana and Ohio, offering traditional financial services. The announcement reinforces the company's commitment to return value to its shareholders while navigating potential economic challenges.
Richmond Mutual Bancorporation reported net income of $2.8 million for Q2 2021, translating to $0.24 diluted earnings per share, up from $2.6 million ($0.22) in Q1 2021 and $2.5 million ($0.20) in Q2 2020. The company completed a 5% stock repurchase program and initiated a new 10% program, alongside a $0.50 special dividend. Total assets increased to $1.2 billion and loans and leases rose to $785.3 million. Despite challenges from COVID-19, the bank remains well-capitalized with a Tier I capital ratio of 13.68%.
Richmond Mutual Bancorporation has declared a cash dividend of $0.07 per share, payable on June 17, 2021 to shareholders on record as of June 3, 2021. This announcement reflects the company's commitment to returning value to its investors amidst ongoing uncertainties in the financial market due to the COVID-19 pandemic.
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