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Richmond Mutual Bancorporation Inc   (RMBI)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Richmond Mutual Bancorporation Inc

RMBI's Financial Statements and Analysis



Richmond Mutual Bancorporation Inc reported in the third quarter of 2023 net earnings per share of $0.19 a decrease by -34.48 % year on year from $0.29 and decline of -26.92 % from $0.26 earned in II. Quarter (Jun 30 2023).


third quarter of 2023
Earnings Per Share Revenues
$ 0.19 $  10 Mill
$-0.10     -34.48 % $-1M     -10.97 %



Richmond Mutual Bancorporation Inc 's Revenue fell by -10.97 % in third quarter of 2023 (Sep 30 2023) year on year, to $10 million and declined by -2.56 % sequentially.


Richmond Mutual Bancorporation Inc is Expected to report next financial results on March 30, 2024.

More on RMBI's Income Statement



Richmond Mutual Bancorporation Inc 's net income of $1.949 million in the third quarter of 2023 decreased by -38.3 % from net earnings of $3.158 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -27.61 % from net income of $2.692 million realized in previous quarter.

More on RMBI's Growth

Richmond Mutual Bancorporation Inc Inventories
RMBI's Cash flow In the third quarter of 2023 company's net cash flow was $3 million, capital expenditures fell by -0.03337941.05%, to $0 millions compare to same quarter a year ago

More on RMBI's Cash flow Statement


Richmond Mutual Bancorporation Inc payed out dividend of $0.53 per share in last 52 weeks representing 51.46 % of net earning per share in trailing twelve-month period.

During the same period Richmond Mutual Bancorporation Inc earned $ 1.16 cash per share, on a free-cash flow basis 112.55 % of net earning per share.

Book value fell by -8.46 % sequentially to $11.57 per share.
Tangible Book value fell to $ 11.57 per share from $ 12.64.

Company repurchased 0.10 million shares or 0.94 % in Sep 30 2023.
Interest Coverage Ratio was 1.53. Debt Coverage Ratio was 0.18.

More on RMBI's Dividends

 Market Capitalization (Millions) 122
 Shares Outstanding (Millions) 10
 Total Debt (Millions $) 238
 Revenue (TTM) (Millions $) 43
 Net Income (TTM) (Millions $) 11
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0.53 $
 Dividend Yield TTM (%) 4.78 %
 Employees (TTM) $ -




Richmond Mutual Bancorporation Inc payed out dividend of $0.53 per share in the last 52 weeks representing 51.46 % of net earning per share in trailing twelve-month period.

During the same period Richmond Mutual Bancorporation Inc had $ 1.16 cash flow per share, on a free-cash flow basis 112.55 % of net earning per share.

Book value fell by -8.46 % sequentially to $11.57 per share.
Tangible Book value fell to $ 11.57 per share from $ 12.64.

Company repurchased 0.10 million shares or 0.94 % in Sep 30 2023.
Interest Coverage Ratio was 1.53. Debt Coverage Ratio was 0.18.

More on RMBI's Balance Sheets

 Market Capitalization (Millions) 122
 Shares Outstanding (Millions) 10
 Total Debt (Millions $) 238
 Revenue (TTM) (Millions $) 43
 Net Income (TTM) (Millions $) 11
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0.53 $
 Dividend Yield TTM (%) 4.78 %
 Employees (TTM) $ -
   


  News about Richmond Mutual Bancorporation Inc Earnings

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...

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 th...

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 In...


Date modified: 2023-11-14T17:23:25+00:00





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