Richmond Mutual Bancorporation, Inc. (RMBI) Form 8-K — Oct 30, 2026
Richmond Mutual Bancorporation (NASDAQ: RMBI) reported Q3 2026 net income of $1.7 million, or $0.11 diluted EPS, down sharply from $3.6 million, or $0.36, a year ago. The decline was driven by a $6.1 million provision for credit losses tied to $6.1 million of net charge-offs, including a $4.5 million charge-off on a commercial real estate loan transferred to other real estate owned, plus $3.0 million of nonrecurring merger expenses, partially offset by a $1.6 million bargain purchase gain.
Key figures
- Eps
- 0.11
- Revenue
- 22845000
- Net Income
- 1750000
- Total Debt
- 263588000
- Revenue Yoy
- net interest income +102.3% YoY
- Total Assets
- 2599113000
- Cash Position
- 109906000
- Shares Outstanding
- 16759000
- Deposits
- 2085385000
- Net Charge Offs
- 6100000
- Merger Expenses
- 3000000
- Book Value Per Share
- 13.66
- Net Interest Margin
- 3.68%
- Non Performing Loans
- 32200000
- Tier1 Leverage Ratio
- 9.99%
- Bargain Purchase Gain
- 1600000
- Cre Partial Charge Off
- 4500000
- Shares Issued In Merger
- 6254286
- Diluted Eps Prior Year Q3
- 0.36
- Non Performing Loans Ratio
- 1.59%
- Allowance For Credit Losses
- 25400000
- Provision For Credit Losses
- 6123000
AI analysis
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