Richmond Mutual Bancorporation, Inc. (RMBI)

RMBI Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	72.95	71.6	58.79	44.59	40.58	38.3
Interest Income on Investments	8.93	8.93	8.62	7.26	5.35	4.56
Total Interest Income	81.88	80.53	67.41	51.86	45.93	42.86
Interest Paid on Deposits	32.68	31.75	22.81	7.13	4.94	6.38
Interest Paid on Borrowings	10.07	10.07	6.94	3.09	2.75	3.01
Total Interest Expense	42.75	41.82	29.75	10.22	7.68	9.39
Net Interest Income	39.13	38.71	37.66	41.64	38.24	33.47
Net Interest Income Growth (YoY)	4.01%	2.77%	-9.55%	8.88%	14.27%	10.09%
Gain (Loss) on Sale of Investments	0.04	-0.05	-	-	0.06	0.2
Other Non-Interest Income	2.66	3.02	2.98	3.29	2.57	2.36
Total Non-Interest Income	4.79	4.76	4.61	4.98	5.95	6.92
Non-Interest Income Growth (YoY)	3.19%	3.20%	-7.37%	-16.39%	-13.96%	70.36%
Revenues Before Loan Losses	43.92	43.47	42.27	46.62	44.2	40.39
Provision for Loan Losses	1.1	0.55	0.53	0.6	1.43	3.77
Revenue	42.83	42.92	41.74	46.02	42.77	36.62
Revenue Growth (YoY)	2.64%	2.81%	-9.29%	7.60%	16.79%	14.92%
Salaries and Employee Benefits	20.91	16.21	15.2	16.14	15.54	13.32
Occupancy Expenses	1.35	1.35	1.33	1.43	1.24	1.16
Federal Deposit Insurance	1.53	1.53	1.16	0.49	0.3	0.25
Selling, General & Administrative	8.14	9.05	8.86	8.39	7.88	6.11
Other Non-Interest Expense	0.4	3.88	4.12	3.67	3.67	3.16
Total Non-Interest Expense	32.37	32.05	30.74	30.16	28.65	24.01
EBT Excluding Unusual Items	10.46	10.86	11	15.86	14.12	12.61
Asset Writedown	-	-	-	-0.11	-0.54	-0.11
Pretax Income	10.46	10.86	11	15.75	13.58	12.5
Income Tax Expense	1.48	1.49	1.52	2.78	2.44	2.48
Net Income	8.98	9.38	9.49	12.97	11.14	10.02
Net Income to Common	8.98	9.38	9.49	12.97	11.14	10.02
Net Income Growth	0.27%	-1.15%	-26.83%	16.34%	11.25%	-
Basic Shares Outstanding	10	10	10	11	11	12
Diluted Shares Outstanding	10	10	10	11	12	12
Shares Change (YoY)	-1.28%	-2.12%	-5.49%	-4.94%	-5.32%	-1.42%
EPS (Basic)	0.90	0.93	0.91	1.20	0.98	0.82
EPS (Diluted)	0.89	0.92	0.91	1.17	0.96	0.82
EPS Growth	2.54%	1.10%	-22.22%	21.88%	17.53%	-
Dividend Per Share	0.570	0.560	0.560	0.400	0.280	0.150
Dividend Growth	1.79%	-	40.00%	42.86%	86.67%	-
Effective Tax Rate	14.17%	13.68%	13.78%	17.67%	17.93%	19.83%

Updated Mar 27, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q