RMBI

Earnings Growth: Richmond Mutual Bancorporation, Inc. reported a third-quarter earnings increase to $3.59 million, or $0.36 per share, compared to $2.47 million, or $0.24 per share, from the previous year.

Revenue Increase: The company's revenue rose by 19.7% to $11.29 million, up from $9.43 million in the same period last year.

Financial Performance: Richmond Mutual Bancorporation reported a net income of $3.6 million for Q3 2025, a 42% increase from the previous quarter and a 54% increase from Q3 2024, driven by higher net interest income and an improved net interest margin of 3.07%.

Asset and Loan Growth: Total assets remained stable at $1.5 billion, with loans and leases increasing to $1.2 billion. Nonperforming loans rose to $10.8 million, representing 0.90% of total loans, reflecting challenges in the economic environment.

Management Insights: CEO Garry Kleer emphasized the bank's focus on customer care and community support amid economic uncertainties, highlighting the importance of careful expense management and strategic decision-making for long-term shareholder value.

Equity and Deposits: Stockholders' equity increased to $140 million, and total deposits rose by 2.2% to $1.1 billion, with a notable increase in retail time deposits and interest-bearing demand deposits, indicating a solid deposit base.

Dividend Announcement: Richmond Mutual Bancorporation, Inc. has declared a cash dividend of $0.15 per share on its common stock.

Payment Date: The dividend will be payable on September 18, 2025, to shareholders who are on record as of September 4, 2025.

Company Overview: Richmond Mutual Bancorporation is based in Richmond, Indiana, and serves as the holding company for First Bank Richmond, providing financial services across multiple locations in Indiana and Ohio.

Community Focus: The institution emphasizes community-oriented banking, offering traditional financial and trust services through its various branches.