RMBI Research | Milton Maxwell

RMBI

Richmond Mutual Bancorporation, Inc.

14.39

+0.13+0.91%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

139.61M

P/E (TTM)

13.58

Basic EPS (TTM)

1.06

Dividend Yield

0.04%

Recent Filings

8-K

Declares $0.15 quarterly dividend

2/11/26Feb 11, 2026

Richmond Mutual Bancorporation declared a quarterly cash dividend of $0.15 per share on February 11, 2026, payable March 11 to shareholders of record February 25. This signals steady cash flow commitment amid community banking operations. Dividend maintained.

8-K

Q4 earnings up; merger on track

1/22/26Jan 22, 2026

Richmond Mutual Bancorporation reported Q4 2025 net income of $3.4 million, or $0.35 diluted EPS, up 45.8% from Q4 2024's $0.24 despite $467,000 pre-tax merger costs denting EPS by $0.04. Net interest income rose 16.9% to $11.5 million on 3.11% NIM, fueled by higher loan yields, yet nonperforming loans climbed to 1.46%. Merger with Farmers Bancorp advances to Q2 2026 close. Farmers shareholders get 3.40 RMBI shares each.

8-K

Merger presentation details

1/15/26Jan 15, 2026

Richmond Mutual Bancorporation's CEO and CFO presented at Eden Capital's Investor Day on January 16, 2026, detailing their November 2025 merger with Farmers Bancorp. The all-stock deal, at a fixed 3.4x exchange ratio valued at $82 million, targets early Q2 2026 close, creating a $2.6B asset bank with 24 branches. It promises ~35% EPS accretion but ~13% TBV dilution with 2-year earnback. Integration risks loom large.

8-K

RMBI declares $0.15 dividend

11/19/25Nov 19, 2025

Richmond Mutual Bancorporation declared a $0.15 per share quarterly cash dividend on November 19, 2025, payable December 18 to shareholders of record December 4. This signals steady cash flow commitment. Board stays shareholder-friendly.

8-K

RMBI-Farmers $82M merger announced

11/12/25Nov 12, 2025

Richmond Mutual Bancorporation signed a merger agreement on November 11, 2025, to acquire The Farmers Bancorp in an all-stock deal valued at $82 million, exchanging 3.4 RMBI shares per Farmers share based on $13.15 closing price. Farmers shareholders get 38% of the combined entity, creating a $2.6B asset bank with 24 branches; close eyed for Q2 2026 pending approvals. Boards unanimously approved. Integration risks loom large.

About

Richmond Mutual Bancorporation, Inc. operates as the bank holding company for First Bank Richmond that provides various banking services in Cambridge City. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans. In addition, it engages in the lease financing business; and provision of fee-based financial services comprising trust and estate administration, investment management, retirement plan administration, and private banking services. The company was founded in 1887 and is headquartered in Richmond, Indiana.

CEO

Mr. Garry D. Kleer

IPO

7/2/2019

Website

https://www.firstbankrichmond.com

Employees

179

Sector

Financial Services

Industry

Banks - Regional