Richmond Mutual Bancorporation, Inc. (RMBI)

In the past six months, RMBI's stock was impacted by several events. A merger agreement with The Farmers Bancorp was announced on November 12, 2025. Quarterly cash dividends of $0.15 per share were declared on multiple occasions. Earnings reports for the third quarter of 2025 and the fiscal year-end 2025 were released. An executive, William A. Daily Jr., purchased shares of common stock on January 28, 2026.

Explicit statements on demand seasonality for all of RMBI's products and services are not readily available, but increased card fee income during the holiday season suggests a seasonal uptick in consumer spending. Fluctuations in mortgage banking activity could imply some seasonality in the housing market affecting loan demand. Deposit activity can be influenced by broader economic factors rather than strict seasonal patterns.

Richmond Mutual Bancorporation, Inc. (RMBI) operates in the Financials sector as the holding company for First Bank Richmond. Its primary business involves attracting deposits and investing these funds in various types of loans. The company offers deposits such as savings and money market accounts, and lending products including real estate, commercial, and consumer loans. Additionally, they provide lease financing and fee-based financial services like trust and wealth management.

Richmond Mutual Bancorporation, Inc. operates through First Bank Richmond, with branches in Indiana and Ohio. In Indiana, it has eight branches across Richmond, Centerville, Cambridge City, and Shelbyville. In Ohio, there are five branches in Sidney, Piqua, and Troy, along with a loan production office in Columbus. The company's primary market area includes Wayne and Shelby Counties in Indiana, and Shelby, Miami, and Franklin Counties in Ohio.

In the past year, there is no specific public information indicating negative events impacting Richmond Mutual Bancorporation's brand reputation. Increased regulatory scrutiny on mid-sized banks in 2025 was followed by a shift towards a more tailored approach, viewed positively for RMBI. The company's focus on community banking and disciplined balance sheet management has been highlighted by its CEO.

Richmond Mutual Bancorporation, Inc. has a diverse ownership structure, including 140 institutional owners holding 2,707,603 shares. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and Geode Capital Management, Llc. Institutional ownership is approximately 23.18%, while insider ownership is around 21.18%.