Richmond Mutual Bancorporation, Inc. (RMBI) Form 8-K — Jul 27, 2026
Richmond Mutual Bancorporation reported second quarter 2026 net income of $2.2 million, or $0.22 per share, a decline from the prior quarter and year-ago periods. The decrease was primarily attributed to $1.9 million in non-recurring merger-related expenses and a higher provision for credit losses, which masked growth in the company's core banking operations. Core operating metrics showed improvement, with net interest income rising 5.5% quarter-over-quarter to $12.1 million and the net interest margin expanding to 3.22%. The company also completed its merger with Farmers Bancorp on July 1, 2026, creating a combined franchise operating as First Bank Midwest.
Key figures
- Eps
- 0.22
- Net Income
- 2227000
- Net Interest Income
- $12.1 million
- Net Interest Margin
- 3.22%
- Merger Related Expenses
- $1.9 million
- Nonperforming Loans Ratio
- 1.78%
- Provision For Credit Losses
- $823,000
Price after filing
Close on the filing date to close N calendar days later (from $15.36). Historical, not a forecast.
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