Richmond Mutual Bancorporation Inc (OQ:RMBI)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 31 N. 9TH STREET RICHMOND IN 47374 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Garry D. Kleer Chairman of the Board, President, Chief Executive Officer | Bradley M. Glover Chief Financial Officer | Dean W. Weinert President and Chief Executive Officer of Mutual Federal Savings Bank | Paul J. Witte Executive Vice President, Chief Lending Officer |
| Business Overview |
| Richmond Mutual Bancorporation, Inc. is a holding company for First Bank Richmond, an Indiana state-chartered commercial bank. The Company's principal business consists of attracting deposits from the general public, as well as brokered deposits, and investing those funds primarily in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one-to four-family residences, a variety of consumer loans, direct financing leases and commercial and industrial loans. It offers a full range of lending products, including multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, including home equity loans and lines of credit, and consumer loans. It also engages in lease financing, which consists of direct financing leases and is used by its commercial customers to finance purchases of equipment. It also provides trust and wealth management services. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Richmond Mutual Bancorporation Inc interest income increased 30% to $67.4M. Net interest income after loan loss provision decreased 10% to $37.1M. Net income decreased 27% to $9.5M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 17% to 2.78%, Net Interest Spread - Total - % decrease of 25% to 2.39%. |
| Employees: | 176 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $122.18M as of Dec 31, 2023 |
| Annual revenue (TTM): | $67.41M as of Dec 31, 2023 |
| EBITDA (TTM): | $19.13M as of Dec 31, 2023 |
| Net annual income (TTM): | $9.49M as of Dec 31, 2023 |
| Free cash flow (TTM): | $5.57M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 11,115,887 as of Mar 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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