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Stock impact report

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

Richmond Mutual Bancorporation, Inc. (RMBI) 
Company Research Source: PR Newswire
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. Diluted earnings per share increased 20.0% and increased 26.3% for the third quarter of 2024 as compared to the second quarter of 2024 and the third quarter of 2023, respectively.President's CommentsGarry Kleer, Chairman, President and Chief Executive Officer, commented, "Our net income increased during the quarter primarily due to an increase in our noninterest income, which resulted from an increase in net gains on loan and lease sales. Additionally, the performance of our loan an Show less Read more
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