---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-026898"
form_type: "8-K"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:36:10.569198+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001628280-26-026898
- form_type: 8-K
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767837/000162828026026898/0001628280-26-026898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000162828026026898/rmbi-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-026898
- JSON: https://secwatch.observer/filing/0001628280-26-026898.json
- Plain text: https://secwatch.observer/filing/0001628280-26-026898.txt

## Key facts
- Earnings Releases
  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
  source text: today reported net income of $2.8 million, or $0.28 diluted earnings per share, for the first quarter of 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767837/000162828026026898/0001628280-26-026898-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.