secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2026-07-27T21:06:37+00:00
Accession:  0001628280-26-049841
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000162828026049841/0001628280-26-049841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000162828026049841/rmbi-20260727.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-049841

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