Brief: Richmond Mutual Bancorp Reports Q1 EPS Of $0.20

Richmond Mutual Bancorporation

28/04/2020 24:31

April 27 (Reuters) - Richmond Mutual Bancorporation Inc
 RMBI.O :
    * RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES FIRST
QUARTER
2020 FINANCIAL RESULTS
    * Q1 EARNINGS PER SHARE $0.20
    * RICHMOND MUTUAL BANCORPORATION - AS OF APRIL 21 RECEIVED,
APPROVED, FUNDED PPP APPLICATIONS TOTALING $55.6 MILLION,
HELPING 346 SMALL BUSINESS CUSTOMERS
    * TOTAL ASSETS INCREASED $21.6 MILLION, OR 2.2%, TO $1.0
BILLION
AT MARCH 31, 2020, FROM $986.0 MILLION AT DECEMBER 31, 2019
    * RICHMOND MUTUAL BANCORPORATION- NET INTEREST INCOME BEFORE
THE
PROVISION FOR LOAN AND LEASE LOSSES INCREASED $768,000, OR
10.8%, TO $7.9 MILLION IN Q1
    * FIRST QUARTER RESULTS WERE ONLY SLIGHTLY IMPACTED BY THE
COVID-19 PANDEMIC
    * RICHMOND MUTUAL -  EXPECT ADDITIONAL NET INTEREST MARGIN
COMPRESSION IN FUTURE QUARTERS AS THERE WILL BE DECLINING
INTEREST INCOME ON LOANS

Source text for Eikon:  ID:nPnNSDp8a 
Further company coverage:  RMBI.O 

 (Reuters.Briefs@thomsonreuters.com)