Richmond Mutual Bancorporation, Inc. (RMBI)

RMBI Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	80.53	58.79	44.59	40.58	38.3
Interest Income on Investments	-	8.62	7.26	5.35	4.56
Total Interest Income	80.53	67.41	51.86	45.93	42.86
Interest Paid on Deposits	41.82	22.81	7.13	4.94	6.38
Interest Paid on Borrowings	-	6.94	3.09	2.75	3.01
Total Interest Expense	41.82	29.75	10.22	7.68	9.39
Net Interest Income	38.71	37.66	41.64	38.24	33.47
Net Interest Income Growth (YoY)	2.77%	-9.55%	8.88%	14.27%	10.09%
Gain (Loss) on Sale of Investments	-	-	-	0.06	0.2
Other Non-Interest Income	4.76	2.98	3.29	2.57	2.36
Total Non-Interest Income	4.76	4.61	4.98	5.95	6.92
Non-Interest Income Growth (YoY)	3.19%	-7.37%	-16.39%	-13.96%	70.36%
Revenues Before Loan Losses	43.47	42.27	46.62	44.2	40.39
Provision for Loan Losses	0.55	0.53	0.6	1.43	3.77
Revenue	42.92	41.74	46.02	42.77	36.62
Revenue Growth (YoY)	2.81%	-9.29%	7.60%	16.79%	14.92%
Salaries and Employee Benefits	-	15.2	16.14	15.54	13.32
Occupancy Expenses	-	1.33	1.43	1.24	1.16
Federal Deposit Insurance	-	1.16	0.49	0.3	0.25
Selling, General & Administrative	-	8.86	8.39	7.88	6.11
Other Non-Interest Expense	32.05	4.12	3.67	3.67	3.16
Total Non-Interest Expense	32.05	30.74	30.16	28.65	24.01
EBT Excluding Unusual Items	10.86	11	15.86	14.12	12.61
Asset Writedown	-	-	-0.11	-0.54	-0.11
Pretax Income	10.86	11	15.75	13.58	12.5
Income Tax Expense	1.49	1.52	2.78	2.44	2.48
Net Income	9.38	9.49	12.97	11.14	10.02
Net Income to Common	9.38	9.49	12.97	11.14	10.02
Net Income Growth	-1.16%	-26.83%	16.34%	11.25%	-
Basic Shares Outstanding	10	10	11	11	12
Diluted Shares Outstanding	10	10	11	12	12
Shares Change (YoY)	-2.12%	-5.49%	-4.94%	-5.32%	-1.42%
EPS (Basic)	0.93	0.91	1.20	0.98	0.82
EPS (Diluted)	0.92	0.91	1.17	0.96	0.82
EPS Growth	1.10%	-22.22%	21.87%	17.53%	-
Dividend Per Share	0.560	0.560	0.400	0.280	0.150
Dividend Growth	0%	40.00%	42.86%	86.67%	-
Effective Tax Rate	13.68%	13.78%	17.67%	17.93%	19.83%

Source: S&P Capital IQ. Banks template. Financial Sources.