Share this article
Share this article
RICHMOND, Ind., Jan. 28, 2021 /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 $2.5 million, or $0.21 diluted earnings per share, for the fourth quarter of 2020, compared to net income of $2.5 million, or $0.21 diluted earnings per share, for the third quarter of 2020, and a net loss of $12.5 million, or $(1.01) diluted earnings per share, for the fourth quarter of 2019. Net income was $10.0 million, or $0.82 diluted earnings per share for the year ended December 31, 2020, compared to a net loss of $14.1 million for the year ended December 31, 2019. There is no comparison of earnings per share to the full year of 2019, as the Company s reorganization from the mutual to stock form of ownership and related stock offering was not completed until July 1, 2019.