RMBI Q1 net income $2.8M ($0.28), up 41% YoY; merger closing in Q2

Richmond Mutual Bancorporation, Inc.

2026-Q1 EPS reported $0.28

Net income $2.8M ($0.28 diluted EPS) vs $2.0M ($0.20) in Q1 2025, up 41% YoY.
Net interest margin expanded to 3.10% from 2.79% YoY; net interest income +11.6% YoY to $11.4M.
Proposed merger with Farmers Bancorp: exchange ratio 3.40 RMBI shares per Farmers share; shareholder meetings May 26-27; expected close Q2 2026.
Provision for credit losses $693k vs $409k in Q4; nonaccrual loans up $2.7M to $15.9M.
Book value per share $13.80 vs $13.88 at Dec 2025; equity to assets ratio 9.54%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Richmond Mutual Bancorporation, Inc. reported first quarter of 2026 results: net income $2.8 million, EPS $0.28 diluted earnings per share.

Period: first quarter of 2026
Net income: $2.8 million
EPS: $0.28 diluted earnings per share
Result: reported results

Exact text from the filing

today reported net income of $2.8 million, or $0.28 diluted earnings per share, for the first quarter of 2026.

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Richmond Mutual Bancorporation, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-026898

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