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RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2024 SECOND QUARTER FINANCIAL RESULTS [Yahoo! Finance]

Richmond Mutual Bancorporation, Inc. (RMBI) 
Company Research Source: Yahoo! Finance
company of First Bank Richmond (the "Bank"), today announced net income of $2.1 million , or diluted earnings per share, for the second quarter of 2024, compared to net income of $2.4 million , or diluted earnings per share, for the first quarter of 2024, and net income of $2.7 million , or diluted earnings per share, for the second quarter of 2023. President's Comments Garry Kleer , Chairman, President and Chief Executive Officer, commented, "Our average deposit balances increased during the quarter and with the continued pressure on our net interest margin due to our interest-bearing liabilities being more sensitive to rising rates than our interest earning assets, this impacted our net income. The performance of our loan portfolio continues to be strong and we are looking forward to a moderation in the interest rate environment in the future." Second Quarter Performance Highlights Assets totaled $1.5 billion at June 30, 2024 March 31, 2024 , and December 31, 2023 Loans an Show less Read more
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