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Stock impact report

Richmond Mutual Bancorporation, Inc. Announces First Quarter 2020 Financial Results

Richmond Mutual Bancorporation, Inc. (RMBI) 
Company Research Source: PR Newswire
RICHMOND, Ind., April 27, 2020 /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 $2.5 million, or $0.20 diluted earnings per share, for the first quarter of 2020 compared to net income of $1.4 million for the first quarter of 2019.  There is no comparison of earnings per share to the first quarter of 2019, as the Company's reorganization from the mutual to stock form of ownership and related stock offering was not completed until July 1, 2019.President's Comments Garry Kleer, Chairman, President and Chief Executive Officer, commented, "The first quarter of 2020 was off to a good start with several of the expenses associated with our initial public offering and benefit plan restructuring  behind us. Then, in early March we shifted our focus to helping businesses and individuals in our communities during the ongoing COVID-19 pandemic.  We, as a Com Show less Read more
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