Richmond Mutual Bancorporation, Inc.

Richmond Mutual Bancorporation announced its third quarter 2026 financial results, reporting a decrease in net income compared to both the previous quarter and the prior year's third quarter. The decline was primarily attributed to higher provisions for credit losses and increased noninterest expenses, including merger-related costs. However, the company saw a significant increase in net interest income, driven by the recently completed merger with Farmers Bancorp, which also substantially grew its asset base. The merger, finalized on July 1, 2026, is expected to yield strategic benefits despite the short-term impact on earnings.

Richmond Mutual Bancorporation reported mixed financial results for Q2 2026, with net income decreasing to $2.23 million for the quarter but increasing to $5.01 million for the six months ended June 30, 2026. The company also announced the completion of its merger with The Farmers Bancorp, effective July 1, 2026, which incurred $1.86 million in merger-related expenses during the quarter. Total assets increased to $1.55 billion, and stockholders' equity rose to $148.27 million.

Richmond Mutual Bancorporation, Inc. reported Q2 2026 net income of $2.2 million, or $0.22 diluted EPS, a decrease from $2.8 million in Q1 2026 and $2.6 million in Q2 2025. The decline was primarily due to $1.9 million in non-recurring merger-related expenses and a higher provision for credit losses. The company successfully completed its merger with The Farmers Bancorp on July 1, 2026, forming First Bank Midwest, which is expected to enhance scale and market presence, while core operating performance showed improvement with increased net interest income and an expanded net interest margin.

Richmond Mutual Bancorporation, Inc. filed an 8-K/A to provide additional disclosure regarding Board committee assignments. Following the completion of its merger with The Farmers Bancorp on July 1, 2026, five new directors were appointed to the Board. On July 15, 2026, the Board assigned these directors to various committees, including the Audit, Compensation, and Corporate Governance and Nominating Committees.

Richmond Mutual Bancorporation, Inc. announced the completion of its merger with The Farmers Bancorp, effective July 1, 2026. As part of the transaction, each share of Farmers common stock was converted into 3.40 shares of Richmond common stock, resulting in the issuance of approximately 6.25 million new Richmond shares. Following the merger, First Bank Richmond was renamed First Bank Midwest, and the boards of directors for both Richmond and First Bank Midwest expanded to include five former Farmers directors, with Barbara A. Cutillo appointed as Vice Chair.

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.