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Richmond Mutual Bancorporation, Inc. logo

Richmond Mutual Bancorporation, Inc.

RMBI

NASDAQFinancial ServicesBanks - Regional

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Previous close

$15.83

−$0.07 · -0.44%

Aug 21, 4:00 PM ET

RMBI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

79

Undervalued

Momentum

50

Neutral

Sentiment

67

Bullish

Risk resilience

69

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

Richmond Mutual Bancorporation, Inc. serves as the parent organization for First Bank Richmond, offering a diverse array of banking and financial services. The company facilitates various deposit accounts, including savings, money market, NOW, demand deposit, and certificates of deposit. Its lending portfolio encompasses numerous loan types, such as multi-family and commercial real estate, commercial and industrial, construction and development, residential real estate, and consumer loans. Additionally, it engages in lease financing and provides fee-based financial services, including trust and estate administration, investment management, retirement plan administration, and private banking. Established in 1887 and headquartered in Richmond, Indiana, the firm operates through 12 full-service and one limited-service banking offices, with eight located across Indiana and five in Ohio. A loan production office in Columbus, Ohio, further extends its reach.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
Garry D. Kleer
Listed since
Jul 2, 2019
Employees
180

Market position

Day range

Current $15.83

52-week range

Current $15.83

Open
$15.98
Previous close
$15.90
Volume
50.44K
0.96× average
Average volume
52.63K
Average daily volume
Market cap
253.82M USD
Beta
0.31
Market reference 1
50-day average
$15.4564
+2.42% above average
200-day average
$14.4078
+9.87% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
352.36M USD
P/E (TTM)
12.77×
P/B (TTM)
1.03×
P/S (TTM)
2.75×
EV / EBITDA
23.68×
Earnings yield
8.54%
Free cash flow yield
10.78%
Dividend yield
3.79%

Profitability & efficiency

Gross margin
54.35%
Operating margin
15.98%
Net margin
13.00%
Return on equity
7.94%
Return on assets
0.76%
Return on invested capital
2.93%

Financial health

Debt / equity
1.65×
Current ratio
0.26×
Altman Z-score
0.51
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends89%61%32%4%Gross margin, FY2021: 82.21%Gross margin, FY2022: 80.88%Gross margin, FY2023: 57.84%Gross margin, FY2024: 50.19%Gross margin, FY2025: 51.76%Operating margin, FY2021: 26.52%Operating margin, FY2022: 27.83%Operating margin, FY2023: 15.32%Operating margin, FY2024: 12.77%Operating margin, FY2025: 15.47%Net margin, FY2021: 21.76%Net margin, FY2022: 22.91%Net margin, FY2023: 13.21%Net margin, FY2024: 11.03%Net margin, FY2025: 12.74%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 82.21%. Gross margin FY2022 80.88%. Gross margin FY2023 57.84%. Gross margin FY2024 50.19%. Gross margin FY2025 51.76%. Operating margin FY2021 26.52%. Operating margin FY2022 27.83%. Operating margin FY2023 15.32%. Operating margin FY2024 12.77%. Operating margin FY2025 15.47%. Net margin FY2021 21.76%. Net margin FY2022 22.91%. Net margin FY2023 13.21%. Net margin FY2024 11.03%. Net margin FY2025 12.74%.

Income trends

Revenue

90.89M USD+6.87%

Operating income

14.06M USD+29.43%

Net income

11.58M USD+23.45%
Income trends across reported periods99.05M USD66.44M USD33.83M USD1.23M USDRevenue, FY2021: 51.21M USDRevenue, FY2022: 56.59M USDRevenue, FY2023: 71.82M USDRevenue, FY2024: 85.05M USDRevenue, FY2025: 90.89M USDOperating income, FY2021: 13.58M USDOperating income, FY2022: 15.75M USDOperating income, FY2023: 11M USDOperating income, FY2024: 10.86M USDOperating income, FY2025: 14.06M USDNet income, FY2021: 11.15M USDNet income, FY2022: 12.97M USDNet income, FY2023: 9.49M USDNet income, FY2024: 9.38M USDNet income, FY2025: 11.58M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 51.21M USD. Revenue FY2022 56.59M USD. Revenue FY2023 71.82M USD. Revenue FY2024 85.05M USD. Revenue FY2025 90.89M USD. Operating income FY2021 13.58M USD. Operating income FY2022 15.75M USD. Operating income FY2023 11M USD. Operating income FY2024 10.86M USD. Operating income FY2025 14.06M USD. Net income FY2021 11.15M USD. Net income FY2022 12.97M USD. Net income FY2023 9.49M USD. Net income FY2024 9.38M USD. Net income FY2025 11.58M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue90.89M USD85.05M USD71.82M USD56.59M USD51.21M USD
Cost of goods sold43.81M USD42.37M USD30.28M USD10.82M USD9.11M USD
Gross profit47.04M USD42.68M USD41.54M USD45.77M USD42.1M USD
Selling, general, and administrative15.2M USD20.26M USD18.99M USD19.43M USD19.01M USD
Operating expenses32.98M USD31.82M USD30.53M USD30.02M USD28.52M USD
Interest income85.91M USD80.53M USD67.41M USD51.86M USD45.93M USD
Interest expense42.06M USD41.82M USD29.75M USD10.22M USD7.68M USD
Depreciation and amortization818.24K USD1.04M USD1.19M USD1.29M USD1.54M USD
Operating income14.06M USD10.86M USD11M USD15.75M USD13.58M USD
Net income11.58M USD9.38M USD9.49M USD12.97M USD11.15M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.22

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.40.320.250.17Q1 '25Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q1 2025, reported Jan 23, 2025: actual 0.24, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 0.241, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 24, 2025: actual 0.2, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 23, 2025: actual 0.26, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 23, 2025: actual 0.36, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 22, 2026: actual 0.35, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 23, 2026: actual 0.28, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 27, 2026: actual 0.22, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates24.42M23.14M21.86M20.58MQ1 '25Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q1 2025, reported Jan 23, 2025: actual 21.52M USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 21.81M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 24, 2025: actual 22.03M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 23, 2025: actual 22.39M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 23, 2025: actual 23.07M USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 22, 2026: actual 23.4M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 23, 2026: actual 22.46M USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 27, 2026: actual 23.48M USD, estimate —, surprise —, Comparison unavailable.

RMBI news

prnewswire.com

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES QUARTERLY DIVIDEND

RICHMOND, Ind., Aug. 20, 2026 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) announced today that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of…

Read source
prnewswire.com

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2026 SECOND QUARTER FINANCIAL RESULTS

RICHMOND, Ind., July 27, 2026 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc., a Maryland corporation (the "Company") (NASDAQ: RMBI), parent company of First Bank Richmond, today reported net income of $2.2 million,…

Read source
prnewswire.com

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES COMPLETION OF MERGER WITH THE FARMERS BANCORP, FRANKFORT, INDIANA

RICHMOND, Ind., July 1, 2026 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) ('Richmond'), the holding company of First Bank Midwest (formerly First Bank Richmond), announced today that effective July…

Read source
prnewswire.com

MERGER BETWEEN RICHMOND MUTUAL BANCORPORATION, INC. AND THE FARMERS BANCORP, FRANKFORT, INDIANA RECEIVES SHAREHOLDER APPROVAL

RICHMOND, Ind., May 27, 2026 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) ("Richmond Mutual") and The Farmers Bancorp, Frankfort, Indiana (OTCPK: FABP) ("Farmers Bancorp") today jointly announced…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.60

2025 complete year-23.1% since 2021

2026 partial: $0.30

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 3, 2026

$0.15

Quarterly

Record Sep 3, 2026 · Payment Sep 17, 2026

Dividend

Ex-dividend Jun 3, 2026

$0.15

Quarterly

Record Jun 3, 2026 · Payment Jun 17, 2026

Dividend

Ex-dividend Feb 25, 2026

$0.15

Quarterly

Record Feb 25, 2026 · Payment Mar 11, 2026

Dividend

Ex-dividend Dec 4, 2025

$0.15

Quarterly

Record Dec 4, 2025 · Payment Dec 18, 2025

Dividend

Ex-dividend Sep 4, 2025

$0.15

Quarterly

Record Sep 4, 2025 · Payment Sep 18, 2025

Dividend

Ex-dividend Jun 5, 2025

$0.15

Quarterly

Record Jun 5, 2025 · Payment Jun 18, 2025

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ETFs holding RMBI

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
4.16M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
3.12M
Weight
0.00%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
1.45M
Weight
0.01%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
1.44M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
749.49K
Weight
0.00%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
496.43K
Weight
0.03%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%
U.S. Micro Cap Portfolio ETF logoU.S. Micro Cap Portfolio ETFDFMC
Market value
209.18K
Weight
0.00%
AUM
8.06B USD
Expense ratio
0.43%
Price / 1D
$60.95+0.73%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
176.6K
Weight
0.00%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%

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