secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2026-01-22T23:59:59+00:00
Accession:  0001628280-26-003117
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richmond Mutual Q4 EPS $0.35 (+45.8% YoY); announces $82M merger with Farmers Bancorp
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- Q4 2025 net income $3.4M ($0.35 diluted EPS), up 45.8% YoY from $0.24; down 2.8% QoQ from $0.36.
- Proposed merger with Farmers Bancorp valued at ~$82M; Farmers shareholders receive 3.40 RMBI shares per share; closing expected Q2 2026.
- Nonperforming loans rose to $17.4M (1.46% of loans) from $6.8M (0.58%) a year ago, driven by one $6.7M CRE loan.
- Net interest margin expanded to 3.11% from 2.70% a year ago; net interest income up 16.9% YoY.
- Book value per share $13.88, up from $12.29 a year ago; equity-to-assets ratio 9.55%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000162828026003117/0001628280-26-003117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000162828026003117/rmbi-20260122.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-003117

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