RICHMOND, Ind., May 17, 2023
/PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI)
announced today that its Board of Directors has declared a cash
dividend on Richmond Mutual Bancorporation common stock of
$0.14 per share. The cash dividend
will be payable on June 15, 2023, to
stockholders of record as of the close of business on June 1, 2023.
About Richmond Mutual Bancorporation, Inc.
Richmond Mutual Bancorporation, Inc., headquartered in
Richmond, Indiana, is the holding
company for First Bank Richmond, a community-oriented financial
institution offering traditional financial and trust services
within its local communities through its eight locations in
Richmond, Centerville, Cambridge City and Shelbyville, Indiana, its five locations in
Sidney, Piqua and Troy,
Ohio and its loan production office in Columbus, Ohio.
Forward-Looking Statements
Statements in this press release that are not historical
facts may constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of
1995. These statements relate to Richmond Mutual
Bancorporation, Inc.'s (the "Company") financial condition, results
of operations, plans, objectives, future performance or business
and ability to continue paying dividends. Such statements often
include words such as "believe," "expect," "anticipate,"
"estimate," and "intend" or future or conditional verbs such as
"will," "would," "should," "could," or "may." Forward-looking
statements, by their nature, are subject to risks and uncertainties
that could cause actual results to differ materially from the
results anticipated in such statements, including potential adverse
impacts to economic conditions in our local market areas, other
markets where the Company has lending relationships, or other
aspects of the Company's business operations or financial markets,
including, without limitation, as a result of employment levels,
labor shortages and the effects of inflation, a potential
recession, the failure of the U.S. Congress to increase the debt
ceiling or slowed economic growth caused by increasing political
instability from acts of war including Russia's invasion of Ukraine, as well as increased prices and
supply chain disruptions; significant short-term interest rate
increases by the Federal Reserve; legislative changes; changes in
policies by regulatory agencies; fluctuations in interest rates;
the risks of lending and investing activities, including changes in
the level and direction of loan delinquencies and write-offs and
changes in estimates of the adequacy of the allowance for credit
losses; the Company's ability to access cost-effective funding
including maintaining the confidence of depositors; unexpected
outflows of uninsured deposits that may require us to sell
investment securities at a loss; fluctuations in real estate
values, and residential, commercial and multifamily real estate
market conditions; demand for loans and deposits in the Company's
market area; the future earnings and capital levels of First Bank
Richmond, which could affect the ability of the Company to pay
dividends in accordance with its dividend policies; changes in
management's business strategies; changes in the regulatory and tax
environments in which the Company operates; and other factors
described in the Company's latest Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q and other documents filed with or
furnished to the Securities and Exchange Commission, which are
available at www.firstbankrichmond.com and on the SEC's website at
www.sec.gov. These forward-looking statements represent the
Company's judgment as of the date of this release. The Company does
not undertake—and specifically disclaims any obligation—to revise
any forward-looking statement to reflect the occurrence of
anticipated or unanticipated events or circumstances after the date
of such statement.
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SOURCE Richmond Mutual Bancorporation, Inc.