Welcome to our dedicated page for Richmond Mut Bancorporation news (Ticker: RMBI), a resource for investors and traders seeking the latest updates and insights on Richmond Mut Bancorporation stock.
Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) is the holding company for First Bank Richmond, a community-oriented financial institution headquartered in Richmond, Indiana. This news page aggregates company announcements, earnings releases, merger updates, and other public communications related to RMBI and its banking operations in Indiana and Ohio.
Investors and followers of RMBI can use this feed to review the company’s reported financial performance, including quarterly net income, diluted earnings per share, net interest income, noninterest income, noninterest expense, and credit quality metrics such as nonperforming loans and leases and allowance for credit losses. Management commentary in these releases discusses factors that influence results, such as changes in interest rates, funding costs, and loan and lease portfolio performance.
Richmond Mutual Bancorporation, Inc. also issues news about capital management actions, including cash dividend declarations on its common stock and share repurchase activity, as disclosed in press releases and related Form 8-K filings. Regular dividend announcements in 2025, for example, reported a cash dividend of $0.15 per share, with one release noting a 7% increase from the prior quarter’s dividend.
A key area of recent news coverage is the announced strategic merger with The Farmers Bancorp, Frankfort, Indiana. Joint press releases and Form 8-K filings describe the Agreement and Plan of Merger, the planned combination of Farmers with Richmond Mutual, and the subsequent merger of The Farmers Bank into First Bank Richmond, subject to customary approvals and conditions. Updates related to this transaction, including regulatory and shareholder steps, are part of the company’s news flow.
By reviewing the RMBI news stream, readers can follow reported developments in the company’s community banking activities, capital actions, and merger process, all based on official press releases and SEC-referenced communications.
Richmond Mutual Bancorporation (NASDAQ: RMBI) has declared a cash dividend of $0.10 per share, marking a significant 43% increase from the previous $0.07 per share dividend announced in November 2021. This dividend will be payable on March 17, 2022, to stockholders on record as of March 3, 2022. The firm, headquartered in Richmond, Indiana, operates through several locations in Indiana and Ohio, providing community-oriented financial and trust services.
Richmond Mutual Bancorporation (NASDAQ: RMBI) will hold its annual shareholders meeting on May 18, 2022. Shareholders must be on record by March 25, 2022 to vote. The company operates First Bank Richmond, offering financial services across eight locations in Indiana and Ohio. For investors, the meeting is critical as it sets the stage for future governance and decision-making.
Richmond Mutual Bancorporation (NASDAQ: RMBI) reported a fourth-quarter net income of $2.7 million, equivalent to $0.24 diluted earnings per share, a decrease from $3.1 million or $0.27 per share in Q3 2021. For the full year, net income rose to $11.1 million or $0.96 per share, up from $10 million or $0.82 in 2020. Notably, the company incurred a $665,000 one-time pension plan expense in Q4. Excluding this charge, net income was $3.2 million, reflecting ongoing operational strength with total assets reaching $1.3 billion at year-end.
Richmond Mutual Bancorporation has declared a cash dividend of $0.07 per share on its common stock. This dividend will be payable on December 16, 2021, to stockholders who are on record as of December 2, 2021. The announcement highlights the company's ongoing commitment to providing value to its investors amid economic uncertainties.
Richmond Mutual Bancorporation (NASDAQ: RMBI) announced Q3 2021 net income of $3.1 million, or $0.27 per diluted share, reflecting growth from $2.8 million in Q2 2021 and $2.5 million in Q3 2020. Total assets reached $1.2 billion, with loans net of allowance at $795.4 million. Total deposits increased by 3.9% to $824.3 million. Nonperforming loans rose to $8.5 million, or 1.05%. Net interest income increased by 8.4% to $10 million. The company continued stock repurchase activities and aimed to improve shareholder returns amid ongoing pandemic challenges.
Richmond Mutual Bancorporation (NASDAQ: RMBI) declared a cash dividend of $0.07 per share on August 19, 2021. This dividend will be paid on September 16, 2021 to shareholders on record as of September 2, 2021. The company operates multiple banking locations in Indiana and Ohio, offering traditional financial services. The announcement reinforces the company's commitment to return value to its shareholders while navigating potential economic challenges.
Richmond Mutual Bancorporation reported net income of $2.8 million for Q2 2021, translating to $0.24 diluted earnings per share, up from $2.6 million ($0.22) in Q1 2021 and $2.5 million ($0.20) in Q2 2020. The company completed a 5% stock repurchase program and initiated a new 10% program, alongside a $0.50 special dividend. Total assets increased to $1.2 billion and loans and leases rose to $785.3 million. Despite challenges from COVID-19, the bank remains well-capitalized with a Tier I capital ratio of 13.68%.
Richmond Mutual Bancorporation has declared a cash dividend of $0.07 per share, payable on June 17, 2021 to shareholders on record as of June 3, 2021. This announcement reflects the company's commitment to returning value to its investors amidst ongoing uncertainties in the financial market due to the COVID-19 pandemic.
Richmond Mutual Bancorporation (NASDAQ: RMBI) announced a new stock repurchase program, authorizing the buyback of up to 1,263,841 shares, approximately 10% of its outstanding shares. This program will begin after completing the current repurchase initiative, during which 423,944 of the 664,969 shares were repurchased. The buyback aims to enhance shareholder value and will be managed under a Rule 10b5-1 plan with Keefe, Bruyette & Woods, allowing share purchases even during blackout periods. The timing and amount of repurchased shares will depend on market conditions.
Richmond Mutual Bancorporation (NASDAQ: RMBI) reported net income of $2.6 million, or $0.22 diluted EPS, for Q1 2021, showing a slight increase from Q4 2020 and Q1 2020. The company raised its quarterly dividend from $0.05 to $0.07 per share and announced a special dividend of $0.50 per share. Total deposits increased by 9.2% to $757.1 million, while nonperforming loans rose to 1.05% of total loans. Despite a low interest rate environment impacting margins, annualized net interest margin improved to 3.44%.