Quarterly ResultApr 23, 2026, 05:01 PM
Richmond Mutual Q1 2026 Net Income $2.8M, EPS $0.28
AI Summary
Richmond Mutual Bancorporation reported net income of $2.8 million, or $0.28 diluted EPS, for Q1 2026. This represents a decrease from Q4 2025 but a significant increase from Q1 2025, driven by an expanded net interest margin. The company also provided an update on its proposed merger with The Farmers Bancorp, confirming all regulatory approvals are received and shareholder meetings are scheduled for May 2026, with completion expected in Q2 2026.
Key Highlights
- Q1 2026 net income was $2.8 million, diluted EPS $0.28.
- Net income decreased from $3.4 million in Q4 2025.
- Net income increased from $2.0 million in Q1 2025 (EPS up 41%).
- Merger with Farmers Bancorp expected to close in Q2 2026.
- Farmers Bancorp shareholders to own approximately 38% of RMBI.