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Stock impact report

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2024 FIRST QUARTER FINANCIAL RESULTS

Richmond Mutual Bancorporation, Inc. (RMBI) 
Company Research Source: PR Newswire
RICHMOND, Ind., April 25, 2024 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc., a Maryland corporation (the "Company") (NASDAQ: RMBI), parent company of First Bank Richmond (the "Bank"), today announced net income of $2.4 million, or $0.23 diluted earnings per share, for the first quarter of 2024, compared to net income of $1.9 million, or $0.19 diluted earnings per share, for the fourth quarter of 2023, and net income of $2.9 million, or $0.27 diluted earnings per share, for the first quarter of 2023.President's CommentsGarry Kleer, Chairman, President and Chief Executive Officer, commented, "The first quarter of 2024 saw improvement in our net interest margin compared to the prior quarter, while credit quality continues to remain strong. We are continuing to enhance our customer service while maintaining our focus on improving our earnings compared to the end of 2023."First Quarter Performance Highlights:Assets totaled $1.5 billion at both March 31, 2024 and December 31, 2023.L Show less Read more
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