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RMBI Overview

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Intellectia

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High
15.319
Open
14.840
VWAP
14.85
Vol
36.99K
Mkt Cap
235.06M
Low
14.570
Amount
549.38K
EV/EBITDA(TTM)
31.16
Total Shares
16.03M
EV
493.54M
EV/OCF(TTM)
28.57
P/S(TTM)
3.05
Richmond Mutual Bancorporation, Inc. is a holding company for First Bank Midwest, an Indiana state-chartered commercial bank. The Company's principal business consists of attracting deposits from the general public, as well as brokered deposits, and investing those funds primarily in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one- to four-family residences, a variety of consumer loans, direct financing leases and commercial and industrial loans. First Bank Midwest's branch locations include Cambridge City, Centerville, Fishers, Frankfort, Kirklin, Lebanon, Michigantown, Mulberry, Noblesville, Richmond, Rossville, Shelbyville, Sheridan, Tipton and Westfield, Indiana, and others. It also operates an equipment leasing business, focusing on direct financing leases for equipment integral to small and mid-sized business operations, including technology, medical, manufacturing, industrial, construction, and transportation equipment.
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Events Timeline

(ET)
2025-11-12
07:34:54
Richmond Mutual Bancorp and The Farmers Bancorp Reveal Merger Agreement
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2025-02-14 (ET)
2025-02-14
16:20:20
Richmond Mutual Bancorp increases quarterly dividend 7% to 15c per share
select

News

PRnewswire
8.5
07-01PRnewswire
Richmond Mutual Bancorporation Completes Merger with Farmers Bancorp
  • Merger Completion: Richmond Mutual Bancorporation successfully completed its merger with Farmers Bancorp on July 1, 2026, converting each share of Farmers common stock into 3.40 shares of Richmond common stock, with approximately 6.25 million shares expected to be issued to Farmers shareholders, enhancing the company's market position.
  • Strategic Integration: This merger not only combines two institutions with strong community banking traditions but also enhances customer service capabilities through shared resources and complementary markets, thereby creating long-term value for shareholders and the communities served.
  • Management Outlook: Richmond's CEO Garry D. Kleer stated that the merger marks an important milestone for the organization, with a future focus on seamless transitions and employee support to ensure the combined team can serve the market more robustly.
  • Brand Continuity: The combined entity will operate under the name 'Richmond Mutual Bancorporation, Inc.' and continue trading on the Nasdaq Capital Market, while all branches will operate under the name 'First Bank Midwest', ensuring brand consistency and customer recognition.
Newsfilter
8.5
05-27Newsfilter
Richmond Mutual and Farmers Bancorp Merger Receives Shareholder Approval
  • Merger Agreement Approved: Shareholders of Richmond Mutual and Farmers Bancorp approved the merger agreements at special meetings on May 26 and 27, 2026, respectively, marking a crucial step towards consolidation that is expected to enhance market competitiveness.
  • Fixed Exchange Ratio: Farmers Bancorp shareholders will receive 3.40 shares of Richmond Mutual common stock for each share they own, a fixed exchange ratio that qualifies as a tax-free exchange, thereby increasing shareholder returns post-merger.
  • Regulatory Approvals Secured: Richmond Mutual has received all necessary bank regulatory approvals, ensuring a smooth merger process, with the new bank to be named First Bank Midwest, further solidifying its market position in Indiana.
  • New Headquarters Established: The combined company's headquarters will be located in Richmond, Indiana, while the new bank headquarters will be in Frankfort, optimizing resource allocation and enhancing operational efficiency to support future business expansion.
PRnewswire
8.5
05-27PRnewswire
Richmond Mutual and Farmers Bancorp Merger Receives Shareholder Approval
  • Shareholder Approval: Richmond Mutual and Farmers Bancorp shareholders approved the merger agreements at special meetings on May 26 and 27, 2026, marking a significant milestone in the merger process that is expected to enhance market competitiveness.
  • Transaction Details: Under the merger agreement, Farmers Bancorp shareholders will receive a fixed exchange ratio of 3.40 shares of Richmond Mutual common stock for each share they own, a tax-free exchange structure that is likely to attract more investor interest.
  • Regulatory Approvals Secured: Richmond Mutual has obtained all necessary bank regulatory approvals, ensuring a smooth merger process, with the new bank to be named “First Bank Midwest,” further enhancing brand influence in the market.
  • Future Outlook: The merger is expected to be completed by the end of the second quarter of 2026, with the new administrative headquarters located in Richmond, Indiana, and the combination of resources and networks is anticipated to drive business growth and market expansion.
Newsfilter
8.0
05-22Newsfilter
Richmond Mutual Bancorporation Declares Cash Dividend
  • Cash Dividend Announcement: Richmond Mutual Bancorporation's Board of Directors has declared a cash dividend of $0.15 per share, payable on June 17, 2026, reflecting the company's stability and commitment to shareholder returns in the current economic environment.
  • Record Date for Shareholders: The record date for this dividend is set for June 3, 2026, ensuring that shareholders holding stock before this date will receive the dividend, thereby enhancing the attractiveness of the company's stock to investors.
  • Community Bank Background: As the holding company for First Bank Richmond, Richmond Mutual Bancorporation focuses on providing traditional financial and trust services through its 14 locations across Indiana and Ohio, highlighting its significant role in the local economy.
  • Strategic Development Focus: By maintaining a consistent cash dividend policy, Richmond Mutual Bancorporation not only boosts shareholder confidence but also has the potential to attract more investors interested in its long-term growth prospects within the community banking sector.
PRnewswire
8.0
05-22PRnewswire
Richmond Mutual Bancorporation Declares Cash Dividend
  • Cash Dividend Announcement: Richmond Mutual Bancorporation's Board of Directors has declared a cash dividend of $0.15 per share, payable on June 17, 2026, reflecting the company's commitment to shareholder returns.
  • Record Date for Shareholders: The record date for this dividend is June 3, 2026, ensuring that shareholders holding stock before this date will receive the dividend, which enhances investor confidence.
  • Company Background: Richmond Mutual Bancorporation, headquartered in Richmond, Indiana, is the holding company for First Bank Richmond, offering traditional financial and trust services across its community-oriented branches in Indiana and Ohio.
  • Community Service Network: The bank operates 14 branches in Richmond, Centerville, Cambridge City, and Shelbyville in Indiana, as well as in Sidney, Piqua, Troy, and Columbus in Ohio, further solidifying its position in the local financial services market.
seekingalpha
9.5
04-23seekingalpha
Richmond Mutual Reports Q1 Earnings and Merger Update
  • Earnings Highlights: Richmond Mutual's Q1 GAAP EPS stands at $0.28 with revenues of $12.7 million, reflecting a 10.4% year-over-year increase, which underscores the company's resilience and stability in the market, boosting investor confidence.
  • Merger Impact: The merger with Farmers Bancorp is expected to enhance Richmond Mutual's market position, driving future growth potential and creating higher returns for shareholders, reflecting the company's commitment to strategic expansion.
  • Rating Upgrade: Analysts have assigned a 'Buy' rating to Richmond Mutual based on its strong operational performance and merger prospects, indicating optimistic expectations for its future performance, which may attract more investor interest.
  • Dividend Performance: Richmond Mutual's robust dividend performance demonstrates the company's commitment to providing stable returns to shareholders while achieving profit growth, further solidifying its competitive edge in the industry.

Valuation Metrics

The current forward P/E ratio for Richmond Mutual Bancorporation Inc (RMBI.O) is 0.00, compared to its 5-year average forward P/E of 0.00. For a more detailed relative valuation and DCF analysis to assess Richmond Mutual Bancorporation Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
0.00
Current PE
0.00
Overvalued PE
0.00
Undervalued PE
0.00

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.00
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
0.00
Undervalued EV/EBITDA
0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
0.00
Current PS
0.00
Overvalued PS
0.00
Undervalued PS
0.00

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Frequently Asked Questions

What is Richmond Mutual Bancorporation Inc (RMBI) stock price today?

The current price of RMBI is 14.66 USD — it has decreased -0.34

What is Richmond Mutual Bancorporation Inc (RMBI)'s business?

Richmond Mutual Bancorporation, Inc. is a holding company for First Bank Midwest, an Indiana state-chartered commercial bank. The Company's principal business consists of attracting deposits from the general public, as well as brokered deposits, and investing those funds primarily in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one- to four-family residences, a variety of consumer loans, direct financing leases and commercial and industrial loans. First Bank Midwest's branch locations include Cambridge City, Centerville, Fishers, Frankfort, Kirklin, Lebanon, Michigantown, Mulberry, Noblesville, Richmond, Rossville, Shelbyville, Sheridan, Tipton and Westfield, Indiana, and others. It also operates an equipment leasing business, focusing on direct financing leases for equipment integral to small and mid-sized business operations, including technology, medical, manufacturing, industrial, construction, and transportation equipment.

What is the price predicton of RMBI Stock?

Wall Street analysts forecast RMBI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RMBI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Richmond Mutual Bancorporation Inc (RMBI)'s revenue for the last quarter?

Richmond Mutual Bancorporation Inc revenue for the last quarter amounts to 12.07M USD, increased 12.56

What is Richmond Mutual Bancorporation Inc (RMBI)'s earnings per share (EPS) for the last quarter?

Richmond Mutual Bancorporation Inc. EPS for the last quarter amounts to 0.28 USD, increased 40.00

How many employees does Richmond Mutual Bancorporation Inc (RMBI). have?

Richmond Mutual Bancorporation Inc (RMBI) has 180 emplpoyees as of July 08 2026.

What is Richmond Mutual Bancorporation Inc (RMBI) market cap?

Today RMBI has the market capitalization of 235.06M USD.