Richmond Mutual Bancorporation, Inc.

Richmond Mutual Bancorporation, Inc. shareholders approved the merger with The Farmers Bancorp and the issuance of shares at its Annual Meeting on May 27, 2026. The Farmers Bancorp shareholders also approved the merger. The transaction is anticipated to close around the end of the second quarter of 2026, with Farmers Bancorp shareholders receiving 3.40 shares of Richmond Mutual common stock for each share they own. Additionally, shareholders elected two directors, approved executive compensation, and ratified the appointment of Forvis Mazars, LLP as the independent registered public accounting firm.

Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend of $0.15 per share on its common stock. The dividend is scheduled to be paid on June 17, 2026, to stockholders who are on record as of the close of business on June 3, 2026.

Richmond Mutual Bancorporation reported a significant increase in net income for Q1 2026, rising 41.5% to $2.79 million, with diluted EPS up 40% to $0.28. This growth was driven by an 11.6% increase in net interest income and an 8.4% decrease in interest expense. The company also provided an update on its pending merger with The Farmers Bancorp, which has received all regulatory approvals and is expected to close around the end of Q2 2026, creating "First Bank Midwest."

Richmond Mutual Bancorporation, Inc. (RMBI) announced that The Farmers Bancorp issued a reminder to its shareholders regarding the upcoming Special Meeting on May 26, 2026. The meeting is being held to vote on the pending merger transaction with RMBI. Shareholders are urged to submit their proxies promptly, either by mail, phone, or internet, as the deadline approaches. The joint proxy statement/prospectus, declared effective on April 3, 2026, contains important information about the proposed merger and is available on the SEC website or upon request.

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.