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Richmond Mutual Bancorporation Inc   (RMBI)
Other Ticker:  
 
    Sector • Financial    Industry • Regional Banks
   Industry • Regional Banks
   Sector • Financial
 
Price: $12.9500 $-0.05 -0.385%
Day's High: $13.165 Week Perf: -0.38 %
Day's Low: $ 12.90 30 Day Perf: 1.97 %
Volume (M): 11 52 Wk High: $ 13.17
Volume (M$): $ 136 52 Wk Avg: $11.60
Open: $13.00 52 Wk Low: $9.44



 Market Capitalization (Millions $) 133
 Shares Outstanding (Millions) 10
 Employees 265
 Revenues (TTM) (Millions $) 42
 Net Income (TTM) (Millions $) 9
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 1

Richmond Mutual Bancorporation Inc
Richmond Mutual Bancorporation Inc is a financial services holding company based in Richmond, Virginia. The company offers a range of banking products and services through its subsidiary banks, including personal and business banking, loans, mortgages, and wealth management. Richmond Mutual Bancorporation Inc operates primarily in the Richmond metropolitan area, serving customers in Richmond and the surrounding communities. The company is committed to providing high-quality customer service and building long-term relationships with its clients.


   Company Address: 31 North 9th Street Richmond 47374 IN
   Company Phone Number: 962-2581   Stock Exchange / Ticker: NASDAQ RMBI


   

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Richmond Mutual Bancorporation Inc

Regional Banks Struggle: Profits Plummet and Finances Deteriorate in Latest Fiscal Year



In the third quarter of 2023, Regional Banks company experienced a decline in both its top and bottom-line performance. The company reported a 34.48% drop in earnings per share (EPS) and a 10.974% decrease in revenue year on year. These figures paint a concerning picture for the company's financial health. This article will delve into the financial results of Regional Banks, compare it with the broader industry, and provide insights into the company's profitability and future prospects.
Declining Financial Performance:
In the third quarter of 2023, Regional Banks company suffered a significant setback as its revenue fell from $11.50 million to $10.23 million in comparison to the same period the previous year. This marks a proportional decline in EPS from $0.29 to $0.19. The decrease in revenue and EPS indicate a decline in profitability for the company.
Richmond Mutual Bancorporation Inc

Regional Bank, Richmond Mutual Bancorporation Inc, Faces Challenging Period with Decrease in Income and Revenue during Q2 2023

Richmond Mutual Bancorporation Inc, a regional bank, reported a decrease in income for the second quarter of 2023. The income fell by -16.13% to $0.26 per share compared to $0.31 per share in the same quarter of the previous year. Additionally, the income per share decreased by -3.7% from $0.27 per share in the previous quarter. This decline in income can be attributed to various factors affecting the banking sector.
Furthermore, the revenue also saw a decline of -8.867% to $10.50 million from $11.53 million in the corresponding quarter of the previous year. Sequentially, there was a decrease of -2.725% from $10.80 million. This indicates a challenging period for Richmond Mutual Bancorporation Inc, as the revenue decline is not in line with the performance of the rest of the regional banks sector.
Richmond Mutual Bancorporation Inc

Richmond Mutual Bancorporation Inc Defies Decrease in Net Income, Records Modest 3.85% Increase in Earnings per Share for Q1 2023

Richmond Mutual Bancorporation Inc, one of the regional banks, has reported a new high for its return on equity (ROE) of 9.64% in the first quarter of 2023 despite a decrease in net income. Although the company's revenue dropped by -1.564% to $10.80 million year on year, it managed to raise its earnings per share, and profits grew modestly by 3.85% to $0.27 per share.
However, within the regional banks industry, RMBI lags behind 129 companies that had a higher ROE. The total ranking of return on equity also deteriorated from 1555 to 1650 compared to the fourth quarter of 2022. Despite this setback, Richmond Mutual Bancorporation Inc was able to improve its ROE performance from the previous quarter.






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