RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2023 FOURTH QUARTER FINANCIAL RESULTS

RICHMOND, Ind., Jan. 25, 2024 /PRNewswire/ — Richmond Mutual Bancorporation, Inc., a Maryland corporation (the “Company”) (NASDAQ: RMBI), parent company of First Bank Richmond (the “Bank”), today announced net income of $1.9 million, or $0.19 diluted earnings per share, for the fourth quarter of 2023, compared to net income of $1.9 million, or $0.19 diluted earnings per share, for the third quarter of 2023, and net income of $3.3 million, or $0.31 diluted earnings per share, for the fourth quarter of 2022. Net income was $9.5 million, or $0.91 diluted earnings per share, for the year ended December 31, 2023, compared to net income of $13.0 million, or $1.17 diluted earnings per share, for the year ended December 31, 2022.

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