RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2026 THIRD QUARTER FINANCIAL RESULTS
PR Newswire•30/10/2026•19:55 ET
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Key Highlights
- ➤Net income $1.7 million; diluted EPS $0.11, versus $3.6 million and $0.36 year-earlier
- ➤Provision for credit losses surged to $6.1 million from $269,000 year-earlier
- ➤Net interest income rose 89.2% to $22.8 million
- ➤Assets reached $2.60 billion after Farmers Bancorp merger
- ➤Non-performing loans totaled $32.2 million, or 1.59% of total loans
Expert Statements
Garry Kleer, Chairman and Chief Executive Officer of Richmond Mutual Bancorporation, Inc.
“Our third quarter results reflected the impact of our merger with Farmers Bancorp, which significantly expanded our balance sheet and increased net interest income compared to both the prior quarter and the third quarter of last year. Earnings were impacted by a higher provision for credit losses and increased noninterest expense. As we move forward, our focus remains on successfully integrating the two organizations, realizing the strategic benefits of the combination and continuing to serve our customers and communities.”
RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2026 THIRD QUARTER FINANCIAL RESULTS PR Newswire
RICHMOND, Ind., Oct. 30, 2026 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc., a Maryland corporation (the "Company") (NASDAQ: RMBI), parent company of First Bank Midwest, today reported net income of $1.7 million, or diluted earnings per share of $0.11, for the third quarter of 2026. This compares to net income of $2.2 million, or $0.22 diluted earnings per share, for the second quarter of 2026, and net income of $3.6 million, or diluted earnings per share of $0.36, for the third quarter of 2025.
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