Fri, May 9, 9:24 PM (8 days ago)
**Richmond Mutual Bancorporation, Inc. (RMBI) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Total interest income increased by 7.0% to $20.9 million, driven by higher loan yields and balances. - **Profit Margins:** Net interest margin improved to 2.79% from 2.74% due to favorable asset yield shifts. - **Cash Flow:** Net cash provided by operating activities remained stable at $2.2 million. - **Earnings Changes:** Net income decreased by 16.9% to $2.0 million, primarily due to increased provision for credit losses and noninterest expenses. **Key Metrics:** - **Total Assets:** Increased by 1.2% to $1.5 billion. - **Loans & Leases:** Grew by 1.5% to $1.2 billion, with increases in multi-family, commercial real estate, and commercial & industrial loans. - **Deposits:** Rose by 1.1% to $1.1 billion, with a shift from noninterest-bearing to interest-bearing deposits. - **Stockholders' Equity:** Decreased by 1.5% to $130.9 million due to dividends and stock repurchases. **Trends & Uncertainties:** - **Economic Outlook:** Persistent inflation, weakening economic growth, and unemployment pose risks. - **Market Regions:** Focus on Columbus, Ohio; Cincinnati/Dayton/Springfield, Ohio; and Indianapolis, Indiana for growth. - **Credit Quality:** Nonperforming loans slightly increased to 0.59% of total loans and leases. **Future Operations Impact:** - **Loan Growth:** Continued focus on commercial real estate, multi-family, and commercial & industrial loans. - **Capital Management:** Stock repurchase program and dividend payments to manage capital. - **Risk Management:** Ongoing stress testing and monitoring of credit metrics amidst economic uncertainties. **Ticker:** RMBI