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

$128.68M

P/E (TTM)

11.1

14.4

Dividend Yield

4.5%

52W High

$15.24

52W Low

$11.80

52W Range

42%

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

Q4 2025 Data

Revenue

$23.40M+7.28%

4-Quarter Trend

EPS

$0.35+40.00%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Interest Income Rises Q3 Net Interest Income grew 19.7% to $11.3M; annualized NIM expanded to 3.07% due to higher asset yields.

Credit Loss Provision Spikes Provision for credit losses rose sharply to $1.744M for nine months; NPAs increased to 0.90% of total loans.

Capital Ratios Remain Strong Total risk-based capital ratio stood at 14.4%, well exceeding the 8.0% minimum requirement for prompt corrective action.

Net Income and Deposits Grow Nine-month net income reached $8.2M, an 18.3% increase; total deposits grew 2.2% to $1.118B.

Risk Factors

Deteriorating Asset Quality Nonaccrual loans rose to $6.4M, primarily due to one commercial real estate loan; accruing past due 90+ days increased.

Funding Cost Management Interest expense on FHLB borrowings rose 9.0% for nine months, requiring active management of funding mix to optimize costs.

Economic Uncertainty Heightened Allowance uncertainty remains heightened due to concerns over potential recession, inflation, stock volatility, and geopolitical tensions.

Deposit Mix Shift Noted Shift noted from transaction accounts to time deposits for higher yields; uninsured deposits total $262.3M (23.5% of total).

Outlook

Credit Loss Estimates Volatile Future estimates for credit losses may fluctuate due to ongoing evaluation of macroeconomic assumptions for the remainder of 2025.

Focus on Strategic Markets Growth remains concentrated in Columbus, Cincinnati/Dayton, and Indianapolis MSAs, focusing on relationship-based commercial real estate lending.

Operational Cost Savings Renegotiated core service provider agreement expected to produce meaningful cost savings over the contract term moving forward.

Capital Policy Maintained Expect continued regular quarterly dividends, subject to Board discretion; capital position exceeds all regulatory requirements currently.

Peer Comparison

Revenue (TTM)

HNVR

$143.32M

-3.4%

EBMT

$125.98M

+4.6%

CFBK

$125.20M

+2.5%

Gross Margin (Latest Quarter)

UBFO

80.5%

+10.2pp

FCAP

76.9%

+4.2pp

BVFL

76.3%

+4.2pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
CFBK	$185.97M	10.5	9.6%	5.8%
UBFO	$178.28M	14.2	9.0%	1.0%
CBFV	$170.12M	34.7	3.2%	2.2%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

2.0%

Moderate Growth

4Q Net Income CAGR

20.1%

Profitability Improved

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 22, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data