Richmond Mutual net income rises 41.5% to $2.8 million in Q1 FY26

Richmond Mutual

Richmond Mutual

RMBI

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  • Richmond Mutual Bancorporation posted net income of $2.8 million, up 41.5%, with diluted EPS of $0.28.
  • Net interest income before provision for credit losses rose 11.6% to $11.4 million, lifting net interest margin to 3.1% from 2.79% a year earlier.
  • Provision for credit losses edged down to $693,000, while noninterest expense increased 4% to $8.7 million.
  • Deposits slipped 0.8% to $1.1 billion, while borrowings climbed 1.6% to $256 million; uninsured deposits totaled $247.9 million, or 22.4% of deposits excluding collateralized public deposits.
  • Regulatory approvals were received for planned Farmers Bancorp merger, with shareholder votes set for May 26 and May 27 and closing expected around end of Q2 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Richmond Mutual Bancorporation Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-034155), on May 12, 2026, and is solely responsible for the information contained therein.