Richmond Mutual Bancorporation Inc

Richmond Mutual Bancorporation, Inc. operates as the holding company of First Bank Richmond. It aims to own all of the outstanding shares of capital stock of First Bank Richmond The bank company was founded in 1887 and the bank holding was formed in February 2019 and is headquartered in Richmond, IN.

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Richmond Mutual Bancorporation's dividend yield has decreased to 3.8% due to a 30% share price increase, making it less attractive to long-term investors. The bank's financial performance has been underwhelming, with low ROE and overvaluation based on its price to book value multiple. Richmond's net interest margin has declined due to rising deposit costs, and its earnings growth is pressured by weak net interest income.

Richmond Mutual Bancorporation: Risk-Return Profile Not Attractive For Long-Term Investors

RICHMOND, Ind. , Nov. 20, 2024 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) announced today that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.14 per share.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES QUARTERLY DIVIDEND

RICHMOND, Ind. , Oct. 24, 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 $2.5 million, or $0.24 diluted earnings per share, for the third quarter of 2024, compared to net income of $2.1 million, or $0.20 diluted earnings per share, for the second quarter of 2024, and net income of $1.9 million, or $0.19 diluted earnings per share, for the third quarter of 2023.

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

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Richmond Mutual Bancorporation, Inc. offers a high dividend yield, but deteriorating fundamentals make it a less attractive income pick in the banking sector. Recent financial performance shows declining net interest income, low non-interest income, and increasing operating expenses, leading to lower profitability and questionable dividend sustainability. With weak growth prospects and potential issues with its dividend, Richmond's stock valuation near book value may not be justified, making it a less favorable investment option.

Richmond Mutual Bancorporation: Time To Take Profits

RICHMOND, Ind. , July 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 $2.1 million, or $0.20 diluted earnings per share, for the second quarter of 2024, compared to net income of $2.4 million, or $0.23 diluted earnings per share, for the first quarter of 2024, and net income of $2.7 million, or $0.26 diluted earnings per share, for the second quarter of 2023.

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

RICHMOND, Ind., May 16, 2024 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) (the "Company"), the parent company of First Bank Richmond, today announced that its Board of Directors (the "Board") extended the Company's current stock repurchase program, scheduled to expire on June 6, 2024, for an additional year, now set to expire on June 6, 2025.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES EXTENSION OF STOCK REPURCHASE PROGRAM

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.

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

Richmond Mutual Bancorporation's investment case relies on its above-average dividend yield compared to other regional banks. The bank's growth prospects and business diversification could be improved. Richmond's financial performance was negatively impacted by the regional banking turmoil, but its credit quality remained strong.

Richmond Mutual Bancorporation: A Great Income Play Due To Its 4.9% Dividend Yield

RICHMOND, Ind. , Feb. 5, 2024 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) (the "Company") announced today that the Company's annual meeting of shareholders will be held on Wednesday, May 15, 2024.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES ANNUAL SHAREHOLDERS' MEETING DATE

RICHMOND, Ind. , Jan. 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 $1.9 million, or $0.19 diluted earnings per share, for the fourth quarter of 2023, compared to net income of $1.9 million, or $0.19 diluted earnings per share, for the third quarter of 2023, and net income of $3.3 million, or $0.31 diluted earnings per share, for the fourth quarter of 2022.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2023 FOURTH QUARTER FINANCIAL RESULTS

Richmond Mutual Bancorporation offers a dividend yield above 5%, making it an attractive investment option. The bank operates in Indiana and Ohio, primarily focusing on attracting deposits and making loans. Richmond's financial performance has been stable, with strong growth in revenues and net interest income.

Buy Richmond Mutual Bancorporation For Its 5% Yield

RICHMOND, Ind. , Oct. 19, 2023 /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 $1.9 million, or $0.19 diluted earnings per share, for the third quarter of 2023, compared to net income of $2.7 million, or $0.26 diluted earnings per share, for the second quarter of 2023, and net income of $3.2 million, or $0.29 diluted earnings per share, for the third quarter of 2022.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2023 THIRD QUARTER FINANCIAL RESULTS

RICHMOND, Ind. , July 25, 2023 /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 $2.7 million, or $0.26 diluted earnings per share, for the second quarter of 2023, compared to net income of $2.9 million, or $0.27 diluted earnings per share, for the first quarter of 2023, and net income of $3.5 million, or $0.31 diluted earnings per share, for the second quarter of 2022.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2023 SECOND QUARTER FINANCIAL RESULTS

RICHMOND, Ind. , June 6, 2023 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) (the "Company"), the parent holding company of First Bank Richmond, today announced that its Board of Directors approved an amendment to the Company's existing stock repurchase program by authorizing the purchase of up to 321,386 shares of the Company's issued and outstanding common stock in addition to the remaining 827,554 shares available for repurchase under the existing program as of June 06, 2023, and extending the stock repurchase program's expiration date to June 06, 2024.

Richmond Mutual Bancorporation, Inc. Announces Increase and Extension of Stock Repurchase Program

RICHMOND, Ind. , April 27, 2023 /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 $2.9 million, or $0.27 diluted earnings per share, for the first quarter of 2023, compared to net income of $3.3 million, or $0.31 diluted earnings per share, for the fourth quarter of 2022, and net income of $3.0 million, or $0.26 diluted earnings per share, for the first quarter of 2022.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2023 FIRST QUARTER FINANCIAL RESULTS

RICHMOND, Ind. , Feb. 22, 2023 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) announced today that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.14 per share, which represents a 40% increase over the $0.10 per share quarterly dividend declared in November 2022.

RICHMOND MUTUAL BANCORPORATION, INC. INCREASES QUARTERLY DIVIDEND 40% TO $0.14 PER SHARE

RICHMOND, Ind. , Jan. 26, 2023 /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 $3.3 million, or $0.31 diluted earnings per share, for the fourth quarter of 2022, compared to net income of $3.2 million, or $0.29 diluted earnings per share, for the third quarter of 2022, and net income of $2.7 million, or $0.24 diluted earnings per share, for the fourth quarter of 2021.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2022 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

RICHMOND, Ind. , Oct. 20, 2022 /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 $3.2 million, or $0.29 diluted earnings per share, for the third quarter of 2022, compared to net income of $3.5 million, or $0.31 diluted earnings per share, for the second quarter of 2022, and net income of $3.1 million, or $0.27 diluted earnings per share, for the third quarter of 2021.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2022 THIRD QUARTER FINANCIAL RESULTS

RICHMOND, Ind. , July 21, 2022 /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 $3.5 million, or $0.31 diluted earnings per share, for the second quarter of 2022, compared to net income of $3.0 million, or $0.26 diluted earnings per share, for the first quarter of 2022, and net income of $2.8 million, or $0.24 diluted earnings per share, for the second quarter of 2021.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2022 SECOND QUARTER FINANCIAL RESULTS

RICHMOND, Ind. , July 21, 2022 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) (the "Company"), the parent company of First Bank Richmond, today announced that its Board of Directors (the "Board") approved a fourth stock repurchase program under which the Company may repurchase up to 1,184,649 shares or approximately 10% of its outstanding shares through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES FOURTH STOCK REPURCHASE PROGRAM

RICHMOND, Ind. , April 21, 2022 /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 $3.0 million, or $0.26 diluted earnings per share, for the first quarter of 2022, compared to net income of $2.7 million, or $0.24 diluted earnings per share, for the fourth quarter of 2021, and net income of $2.6 million, or $0.22 diluted earnings per share, for the first quarter of 2021.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2022 FIRST QUARTER FINANCIAL RESULTS

RICHMOND, Ind., Feb. 16, 2022 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) announced today that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.10 per share, which represents a 43% increase over the $0.07 per share quarterly dividend declared in November 2021.

RICHMOND MUTUAL BANCORPORATION, INC. INCREASES QUARTERLY DIVIDEND 43% TO $0.10 PER SHARE

RICHMOND, Ind., Jan. 27, 2022 /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 $2.7 million, or $0.24 diluted earnings per share, for the fourth quarter of 2021, compared to net income of $3.1 million, or $0.27 diluted earnings per share, for the third quarter of 2021, and net income of $2.5 million, or $0.21 diluted earnings per share, for the fourth quarter of 2020.

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2021 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

RICHMOND, Ind., Nov. 17, 2021 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) announced today that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.07 per share.

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