Richmond Mutual Q2 net income falls to $2.2M ($0.22 EPS) on $1.9M merger costs

Richmond Mutual Bancorporation, Inc.

Net income $2.2M ($0.22 diluted EPS) vs $2.8M ($0.28) in Q1 2026 and $2.6M ($0.26) in Q2 2025.
Net interest margin expanded to 3.22% from 3.10% in Q1 2026 and 2.93% in Q2 2025.
Nonperforming loans rose to 1.78% of total loans ($21.8M) from 1.46% at Dec 31, 2025.
Completed merger with Farmers Bancorp on July 1, 2026; combined bank renamed First Bank Midwest.
Noninterest expense increased 16.8% to $10.2M, driven by $1.9M non-recurring merger-related costs.

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