Richmond Mutual Bancorporation, Inc

At the helm, Garry D. Kleer, the Chairman, President, and CEO of RMBI, saw his total compensation increase from $673,835 in 2022 to $728,330 in 2024. This rise reflects a salary boost from $460,962 to $490,385 and a bonus increase from $112,850 to $145,350[^2^]. Notably, stock and option awards remain absent from Kleer's compensation packages, aligning with the company's conservative approach towards equity-based incentives. "All other compensation" contributed significantly as well, forming part of the strategic remuneration framework that offers competitive non-cash benefits[^3^].


In a similar vein, Donald A. Benziger, Executive Vice President and CFO, experienced an uptick in his compensation. In 2022, his total compensation amounted to $315,513, reflecting a steady increase from $305,000 in 2021[^4^]. This trend highlights RMBI's commitment to remunerating key financial executives appropriately, encouraging the stewardship needed to navigate the volatile banking environment. Benziger’s consistent salary and bonus growth underline the value placed on leadership stability and experienced financial governance[^5^].

Amid these developments, RMBI shares trade at around $14.05, with a year-high of $15.15 and a year-low of $11.26[^6^]. The modest price dip of 0.14% reflects both market fluctuations and investor contemplations on the path forward, particularly in light of upcoming earnings announcements scheduled for July 23, 2025[^7^]. RMBI's market capitalization stands at approximately $146 million, offering a big picture of the company's financial stature and its potential for shareholder value creation[^8^].

As RMBI progresses, the clarity in executive compensation practices and their alignment with corporate performance metrics offer a lens through which stakeholders can gauge future outlooks and equities. The focus on aligning executive incentives with long-term shareholder value remains a central theme in upcoming strategic discussions at the annual stockholders' meeting[^9^].

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[^1^]: Richmond Mutual Bancorporation, Inc., "RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES ANNUAL STOCKHOLDERS' MEETING DATE," February 14, 2025. [SEC URL](https://www.sec.gov/Archives/edgar/data/1767837/000114036125014130/0001140361-25-014130-index.htm).

[^2^]: Richmond Mutual Bancorporation, Inc., 2024 Executive Compensation Data. [SEC URL](https://www.sec.gov/Archives/edgar/data/1767837/000114036125014130/0001140361-25-014130-index.htm).

[^3^]: Ibid.

[^4^]: Richmond Mutual Bancorporation, Inc., 2022 Executive Compensation Data. [SEC URL](https://www.sec.gov/Archives/edgar/data/1767837/000114036123018389/0001140361-23-018389-index.htm).

[^5^]: Richmond Mutual Bancorporation, Inc., 2021 Executive Compensation Data. [SEC URL](https://www.sec.gov/Archives/edgar/data/1767837/000114036122014473/0001140361-22-014473-index.htm).

[^6^]: Market Snapshot Data. [Data from Stock Exchange].

[^7^]: Ibid.

[^8^]: Ibid.

[^9^]: Richmond Mutual Bancorporation, Inc., "RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES ANNUAL STOCKHOLDERS' MEETING DATE," February 14, 2025. [SEC URL](https://www.sec.gov/Archives/edgar/data/1767837/000114036125014130/0001140361-25-014130-index.htm).