Richmond Mutual Bancorporation, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $254.4M
- Price
- $15.96
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.31%
- Volume
- 30.9K
About
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.
Quick stats
Shares outstanding16.0M
Computed float8.2M
Float / shares51.0%
Key info
SectorFinancial Services
IndustryBanks - Regional
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001767837
AI Summary
AI-generated1/7
standardmixedearnings
RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2026 SECOND QUARTER FINANCIAL RESULTS
Richmond Mutual reported Q2 diluted EPS of $0.22, down from $0.28 in the prior quarter and $0.26 a year ago, primarily due to $1.9 million in merger-related expenses and a higher provision for credit losses.
Core banking operations showed improvement, with net interest income rising 12.2% year-over-year to $12.1 million and the net interest margin expanding 29 basis points to 3.22%.
Asset quality weakened slightly as nonperforming loans increased to 1.78% of total loans, up from 1.48% in the prior quarter, though management maintained the allowance for credit losses remains appropriate.
Red flags
- Nonperforming loans increased to 1.78% from 1.48% quarter-over-quarter
- Diluted EPS declined 21% quarter-over-quarter