Richmond Mutual Bancorporation, Inc.

NASDAQ•RMBI

CEO: Mr. Garry D. Kleer

Sector: Financial Services

Industry: Banks - Regional

Listing Date: 2019-07-02

Richmond Mutual Bancorporation, Inc. operates as the bank holding company for First Bank Richmond that provides various banking services. 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.

Contact Information

31 North 9th Street, Richmond, IN, 47374, United States

765-962-2581

www.firstbankrichmond.com

Market Cap

$145.52M

P/E (TTM)

11.6

16.8

Dividend Yield

4.0%

52W High

$16.04

52W Low

$12.77

52W Range

65%

Rank41Top 44.9%

4.0

F-Score

Modified Piotroski Analysis

Based on 8-year fundamentals

Average • 4 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2018-2025

Financial Dashboard

Q1 2026 Data

Revenue

$22.46M+0.00%

4-Quarter Trend

EPS

$0.29+0.00%

4-Quarter Trend

FCF

$2.79B+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Net Income Growth Net income rose 23.5% to $11.58M in 2025, driven by NII expansion and higher fee income sources.

Net Interest Margin Expansion NIM improved 30 basis points to 2.97% in 2025, supported by higher yields on repriced loans and securities.

Robust Capital Adequacy Total risk-based capital ratio stood strong at 14.64%, exceeding all regulatory minimums for well-capitalized status.

Loan Portfolio Expansion Net loans and leases grew 1.5% to $1.177B by year-end 2025, funded primarily by core deposit growth.

Risk Factors

Deteriorating Asset Quality Non-performing assets surged to $17.45M (1.14% of assets) in 2025, leading to a 291.3% increase in credit loss provision.

Earnings Volatility Risk Asset/liability mismatch exposes earnings to volatility; a 300bp rate increase could reduce NII by 12.96%.

Commercial Real Estate Exposure Commercial/multi-family loans total $623.21M (52.2% of portfolio), sensitive to regional economic downturns and valuation risk.

Reliance on Brokered Deposits Brokered deposits remain significant at $235.9M (21.1% of total deposits), potentially increasing overall cost of funds.

Outlook

Farmers Bancorp Merger Pending Definitive agreement signed; successful integration of operations, technology, and culture is critical for realizing projected synergies.

Focus on Higher-Yielding Assets Strategy emphasizes growing commercial and multi-family lending, which carry higher inherent credit risk profiles.

Managing Evolving Regulations Must adapt to evolving regulatory requirements, including cybersecurity disclosures and capital standards compliance post-merger.

Core Deposit Enhancement Intent to focus on increasing core deposits, leveraging combined branch networks post-acquisition to broaden funding base.

Peer Comparison

Revenue (TTM)

HNVR

$139.04M

-6.6%

EBMT

$127.37M

+4.7%

CFBK

$124.73M

+1.7%

Gross Margin (Latest Quarter)

UBFO

80.5%

+10.2pp

FCAP

77.3%

+4.2pp

LARK

75.9%

+9.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
FCAP	$214.75M	12.3	13.1%	0.0%
CFBK	$201.13M	11.0	9.8%	5.7%
CBFV	$190.30M	27.6	4.4%	2.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

0.1%

Moderate Growth

4Q Net Income CAGR

2.3%

Profitability Slowly Improving

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data