secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001628280-26-026898
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000162828026026898/0001628280-26-026898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000162828026026898/rmbi-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-026898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer