Richmond Mutual Bancorporation Management
Management criteria checks 4/4
We currently do not have sufficient information about the CEO.
Key information
Garry Kleer
Chief executive officer
US$768.5k
Total compensation
| CEO salary percentage | 62.4% |
| CEO tenure | 19yrs |
| CEO ownership | 1.2% |
| Management average tenure | 5.5yrs |
| Board average tenure | 9yrs |
Recent management updates
Recent updates
Richmond Mutual Bancorporation (NASDAQ:RMBI) Has Announced A Dividend Of $0.14
Nov 26
Richmond Mutual Bancorporation (NASDAQ:RMBI) Has Announced A Dividend Of $0.14
May 21Do Richmond Mutual Bancorporation's (NASDAQ:RMBI) Earnings Warrant Your Attention?
Jul 25Richmond Mutual GAAP EPS of $0.31, revenue of $11.73M
Jul 22Richmond Mutual Bancorporation (NASDAQ:RMBI) Is Increasing Its Dividend To US$0.10
Feb 21Should You Buy Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) For Its Upcoming Dividend?
Feb 27Is Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Popular Amongst Insiders?
Jan 20
If You Had Bought Richmond Mutual Bancorporation's (NASDAQ:RMBI) Shares A Year Ago You Would Be Down 11%
Dec 24Income Investors Should Know That Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Goes Ex-Dividend Soon
Nov 28Richmond Mutual declares $0.05 dividend
Nov 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$9m |
| Jun 30 2024 | n/a | n/a | US$8m |
| Mar 31 2024 | n/a | n/a | US$9m |
| Dec 31 2023 | US$769k | US$479k | US$9m |
| Sep 30 2023 | n/a | n/a | US$11m |
| Jun 30 2023 | n/a | n/a | US$12m |
| Mar 31 2023 | n/a | n/a | US$13m |
| Dec 31 2022 | US$674k | US$461k | US$13m |
| Sep 30 2022 | n/a | n/a | US$12m |
| Jun 30 2022 | n/a | n/a | US$12m |
| Mar 31 2022 | n/a | n/a | US$12m |
| Dec 31 2021 | US$642k | US$443k | US$11m |
| Sep 30 2021 | n/a | n/a | US$11m |
| Jun 30 2021 | n/a | n/a | US$10m |
| Mar 31 2021 | n/a | n/a | US$10m |
| Dec 31 2020 | US$2m | US$422k | US$10m |
| Sep 30 2020 | n/a | n/a | -US$7m |
| Jun 30 2020 | n/a | n/a | -US$13m |
| Mar 31 2020 | n/a | n/a | -US$15m |
| Dec 31 2019 | US$512k | US$409k | -US$16m |
| Sep 30 2019 | n/a | n/a | -US$72k |
| Jun 30 2019 | n/a | n/a | US$5m |
| Mar 31 2019 | n/a | n/a | US$6m |
| Dec 31 2018 | US$474k | US$395k | US$6m |
Compensation vs Market: Garry's total compensation ($USD768.53K) is about average for companies of similar size in the US market ($USD645.47K).
Compensation vs Earnings: Garry's compensation has been consistent with company performance over the past year.
CEO
Garry Kleer (68 yo)
19yrs
Tenure
US$768,531
Compensation
Mr. Garry D. Kleer serves as Chairman of the Board of First Bank Richmond since 2019 and First Mutual of Richmond-MHC (collectively, the “First Bank Richmond Entities”). He serves as Chairman at Richmond M...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19yrs | US$768.53k | 1.24% $ 1.6m | |
| President & CEO of Mutual Federal Savings Bank | 9yrs | US$293.25k | 0.84% $ 1.1m | |
| President & COO of First Bank Richmond | 2yrs | US$283.85k | 0.37% $ 479.0k | |
| SVP & CFO | 1.7yrs | no data | 0.14% $ 179.1k | |
| Senior Vice President of Compliance | no data | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Senior VP & Corporate Secretary of First Bank Richmond | no data | no data | no data | |
| Senior VP | 11.8yrs | no data | no data | |
| Senior VP & Chief Wealth Management Officer | no data | no data | no data | |
| Senior Vice President of Operations & Retail Banking of First Bank Richmond | no data | no data | no data | |
| Senior VP & Retail Lending Manager of First Bank Richmond | no data | no data | no data | |
| Senior Vice President of Risk Management & Credit Review | less than a year | no data | no data |
5.5yrs
Average Tenure
60yo
Average Age
Experienced Management: RMBI's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 23yrs | US$768.53k | 1.24% $ 1.6m | |
| Independent Director | 5.3yrs | US$50.02k | 0.60% $ 773.1k | |
| Independent Director | 32yrs | US$47.87k | 0.39% $ 493.6k | |
| Director Emeritus | 1.7yrs | US$30.27k | no data | |
| Independent Director | 9yrs | US$49.12k | 0.53% $ 683.7k | |
| Independent Director | 9yrs | US$47.97k | 0.62% $ 792.1k | |
| Independent Director | 7yrs | US$47.62k | 0.64% $ 824.6k |
9.0yrs
Average Tenure
68yo
Average Age
Experienced Board: RMBI's board of directors are considered experienced (9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 02:38 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Richmond Mutual Bancorporation, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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