Business
RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2025 THIRD QUARTER FINANCIAL RESULTS
Richmond Mutual Bancorporation, Inc., a Maryland corporation (the "Company") (NASDAQ: RMBI), parent company of First Bank Richmond (the "Bank"), today announced net income of $3.6 million, or $0.37 diluted earnings per share, for the third quarter of 2025. This is compared to net income of $2.6 million, or $0.26 diluted earnings per share, for the second quarter of 2025, and net income of $2.5 million, or $0.24 diluted earnings per share, for the third quarter of 2024. The results represent a 42
About this update from Richmond Mutual Bancorporation, Inc.
[{"type":"text","content":"RICHMOND, Ind., Oct. 23, 2025 /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 $3.6 million, or $0.37 diluted earnings per share, for the third quarter of 2025. This is compared to net income of $2.6 million, or $0.26 diluted earnings per share, for the second quarter of 2025, and net income of $2.5 million, or $0.24 diluted earnings per share, for the third quarter of 2024. The results represent a 42% increase in diluted earnings per share compared to the prior quarter, and 54% increase compared to the third quarter of 2024.","length":693,"tagName":"p"},{"type":"text","content":"The growth in net income and diluted earnings per share for the third quarter of 2025 was primarily driven by higher net interest income resulting from an expanded net interest margin.","length":184,"tagName":"p"},{"type":"text","content":"President's Comments","length":24,"tagName":"p"},{"type":"text","content":"Garry Kleer, Chairman, President, and Chief Executive Officer, commented, "We're pleased with our third quarter results, which reflect the strength of our core banking model and the hard work of our team. Net income and earnings per share both grew, thanks to an improved net interest margin and careful management of expenses. While the economic environment continues to be uncertain, with interest rate pressures and inflationary challenges, we stay focused on what we can control: taking care of our customers, supporting our communities, and making thoughtful decisions that build long-term value for our shareholders. That steady approach has guided us for generations, and it will continue to guide us going forward."","length":737,"tagName":"p"},{"type":"text","content":" Third Quarter Performance Highlights :","length":43,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Assets totaled $1.5 billion at September 30, 2025, June 30, 2025, and December 31, 2024.","length":88,"tagName":"p"}]},{"val":[{"type":"text","content":"Loans and leases, net of allowance for credit losses, totaled $1.2 billion at September 30, 2025, June 30, 2025, and December 31, 2024.","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"Nonperforming loans and ...