RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2025 THIRD QUARTER FINANCIAL RESULTS
Richmond Mutual Bancorporation (NASDAQ: RMBI) reported Q3 2025 net income of $3.6M and diluted EPS $0.37, up 42% sequentially and 54% year-over-year. Results were driven by higher net interest income and an expanded net interest margin of 3.07%.
Key balance-sheet items at September 30, 2025: assets $1.5B, loans net $1.2B, deposits $1.1B, stockholders' equity $140.0M, and Tier 1 capital to assets 10.85%. Nonperforming loans rose to $10.8M (0.90%). Provision for credit losses was $269,000; allowance for credit losses was $16.4M (1.37%).
Richmond Mutual Bancorporation (NASDAQ: RMBI) ha riportato utili netti nel Q3 2025 di 3,6 milioni di dollari e EPS diluito di 0,37 dollari, in crescita del 42% rispetto al trimestre precedente e del 54% anno su anno. I risultati sono stati trainati da un aumento del reddito netto da interessi e da un margine di interesse netto ampliato al 3,07%.
Principali elementi dello stato patrimoniale al 30 settembre 2025: attività 1,5 miliardi di dollari, prestiti netti 1,2 miliardi, depositi 1,1 miliardi, patrimonio degli azionisti 140,0 milioni e il rapporto capitale di tipo 1 rispetto agli asset al 10,85%. I prestiti non performing sono saliti a 10,8 milioni di dollari (0,90%). Le accantonamenti per perdite su credito sono stati 269.000 dollari; la riserva per perdite su credito era di 16,4 milioni di dollari (1,37%).
Richmond Mutual Bancorporation (NASDAQ: RMBI) reportó ingresos netos del tercer trimestre de 2025 de 3,6 millones de dólares y un EPS diluido de 0,37 dólares, con un incremento del 42% secuencial y 54% interanual. Los resultados fueron impulsados por un mayor ingreso neto por intereses y un margen neto de intereses ampliado a 3,07%.
Elementos clave del balance al 30 de septiembre de 2025: activos 1,5 mil millones de dólares, préstamos netos 1,2 mil millones, depósitos 1,1 mil millones, patrimonio de los accionistas 140,0 millones y la ratio de capital de nivel 1 respecto de activos al 10,85%. Los préstamos morosos aumentaron a 10,8 millones de dólares (0,90%). La provisión para pérdidas crediticias fue de 269.000; la reserva para pérdidas crediticias fue de 16,4 millones (1,37%).
Richmond Mutual Bancorporation (NASDAQ: RMBI)는 2025년 3분기 순이익이 360만 달러, 희석 주당순이익은 0.37달러로 보고되었고, 분기 대비 42%, 전년 동기 대비 54% 증가했습니다. 실적은 순이자소득 증가와 순이자마진이 3.07%로 확대된 덕분입니다.
2025년 9월 30일 기준 주요 대차대조표 항목: 자산 15억 달러, 대출 순액 12억 달러, 예금 11억 달러, 주주자본 1.4억 달러, 자산 대비 1등급 자본비율 10.85%. 부실대출은 1080만 달러(0.90%)로 증가했습니다. 대손충당금은 26.9만 달러; 대손충당금 여유는 1640만 달러(1.37%)였습니다.
Richmond Mutual Bancorporation (NASDAQ: RMBI) a annoncé un bénéfice net pour le T3 2025 de 3,6 millions de dollars et un EPS dilué de 0,37 dollar, en hausse de 42% séquentiellement et de 54% sur un an. Les résultats ont été tirés par une augmentation du revenu net d'intérêts et une marge nette d'intérêts élargie à 3,07%.
Postes clés du bilan au 30 septembre 2025: actifs 1,5 milliard de dollars, prêts nets 1,2 milliard, dépôts 1,1 milliard, fonds propres des actionnaires 140,0 millions, et le ratio de capital de catégorie 1 par rapport aux actifs à 10,85%. Les prêts non performants ont augmenté à 10,8 millions (0,90%). La provision pour pertes sur crédits était de 269 000; la marge pour pertes sur crédits était de 16,4 millions (1,37%).
Richmond Mutual Bancorporation (NASDAQ: RMBI) meldete im dritten Quartal 2025 ein Nettogewinn von 3,6 Mio. USD und einen verwässerten Gewinn je Aktie von 0,37 USD, was im Quartal um 42% bzw. im Jahresvergleich um 54% zunahm. Die Ergebnisse wurden durch höheres Nettiquote und eine erweiterte Nettomarge von 3,07% getrieben.
Wichtige Bilanzpositionen zum 30. September 2025: Vermögenswerte 1,5 Mrd. USD, Netto-Kredite 1,2 Mrd. USD, Einlagen 1,1 Mrd. USD, Eigenkapital der Aktionäre 140,0 Mio. USD, und Tier-1-Kapitalquote zu Vermögenswerten 10,85%. Ausfälle (nicht leistungsfähige Kredite) stiegen auf 10,8 Mio. USD (0,90%). Rückstellung für Kreditverluste betrug 269.000 USD; Reserve für Kreditverluste betrug 16,4 Mio. USD (1,37%).
Richmond Mutual Bancorporation (NASDAQ: RMBI) أعلنت عن صافي دخل للربع الثالث من عام 2025 مقداره 3.6 مليون دولار وربحية السهم المخففة 0.37 دولار، بارتفاع 42% على أساس الربعية و< b>54% على أساس سنوي. أدت النتائج إلى ارتفاع صافي دخل الفوائد وهوامش الفائدة الصافية الموسع إلى 3.07%.
العناصر الرئيسية في الميزانية كما في 30 سبتمبر 2025: الأصول 1.5 مليار دولار، القروض الصافية 1.2 مليار دولار، الودائع 1.1 مليار دولار، حقوق المساهمين 140.0 مليون دولار، ونسبة رأس المال من الفئة 1 إلى الأصول 10.85%. القروض المتعثرة ارتفعت إلى 10.8 مليون دولار (0.90%). مخصص الديون الائتمانية كان 269,000 دولار؛ الاحتياطي لخسائر الائتمان كان 16.4 مليون دولار (1.37%).
- EPS +54% year-over-year
- Net interest income +19.7% year-over-year
- Tier 1 capital 10.85% of assets
- Nonperforming loans rose to 0.90% of loans
- Nonaccrual loans increased to $6.4M
- Provision for credit losses: $269,000 this quarter
Insights
Strong quarter: higher net interest margin and EPS growth driven by loan growth and steady funding costs.
Richmond Mutual Bancorporation reported third quarter net income of
The bank shows constructive balance-sheet moves: loans rose to about
Watch near-term drivers over the next one to four quarters: trends in nonperforming loans and net charge-offs, the sufficiency of the
The growth in net income and diluted earnings per share for the third quarter of 2025 was primarily driven by higher net interest income resulting from an expanded net interest margin.
President's Comments
Garry Kleer, Chairman, President, and Chief Executive Officer, commented, "We're pleased with our third quarter results, which reflect the strength of our core banking model and the hard work of our team. Net income and earnings per share both grew, thanks to an improved net interest margin and careful management of expenses. While the economic environment continues to be uncertain, with interest rate pressures and inflationary challenges, we stay focused on what we can control: taking care of our customers, supporting our communities, and making thoughtful decisions that build long-term value for our shareholders. That steady approach has guided us for generations, and it will continue to guide us going forward."
Third Quarter Performance Highlights :
- Assets totaled
$1.5 billion - Loans and leases, net of allowance for credit losses, totaled
$1.2 billion - Nonperforming loans and leases totaled
$10.8 million 0.90% of total loans and leases, at September 30, 2025, compared to$8.1 million 0.68% of total loans and leases, at June 30, 2025, and$6.8 million 0.58% of total loans and leases, at December 31, 2024. - The allowance for credit losses totaled
$16.4 million 1.37% of total loans and leases outstanding, at September 30, 2025, compared to$16.2 million 1.37% of total loans and leases outstanding, at June 30, 2025, and$15.8 million 1.34% of total loans and leases outstanding, at December 31, 2024. - A provision for credit losses of
$269,000 $745,000 $99,000 - Deposits totaled
$1.1 billion $110.8 million 9.9% of total deposits, compared to$106.2 million 9.7% of total deposits at June 30, 2025, and$110.1 million 10.1% of total deposits at December 31, 2024. - Stockholders' equity totaled
$140.0 million $132.3 million $132.9 million 9.18% at September 30, 2025. - Book value per share and tangible book value per share were
$13.43 $12.74 $12.29 - Net interest income increased
$536,000 5.0% , to$11.3 million $10.8 million $1.9 million 19.7% , from$9.4 million - Annualized net interest margin was
3.07% for the current quarter, compared to2.93% in the preceding quarter and2.60% for the comparable quarter in 2024. - The Bank's Tier 1 capital to total assets was
10.85% , well in excess of regulatory requirements at September 30, 2025.
Income Statement Summary
Net interest income before the provision for credit losses increased
Interest income increased
Interest income on loans and leases increased
Interest income on investment securities, excluding FHLB stock, increased
Interest income on cash and cash equivalents decreased
Interest expense decreased
Interest expense on FHLB borrowings decreased
Annualized net interest margin increased to
A provision for credit losses of
Noninterest income increased
Total noninterest expense decreased
Income tax expense increased
Balance Sheet Summary
Total assets increased
The increase in loans and leases was attributable to an increase in commercial mortgage, multi-family, and commercial and industrial loans of
Nonperforming loans and leases, consisting of nonaccrual loans and leases and accruing loans and leases more than 90 days past due, totaled
The allowance for credit losses on loans and leases increased
Management regularly evaluates credit exposure across its loan portfolio and within its geographic markets. As of September 30, 2025, the Company's credit risk assessment incorporated ongoing inflationary pressures, capital market volatility, and geopolitical risks. Portfolio stress testing and credit metric monitoring are conducted on an ongoing basis, and management believes the allowance for credit losses remains adequate based on current conditions.
Investment securities decreased
Total deposits increased
As of September 30, 2025, approximately
Stockholders' equity totaled
About Richmond Mutual Bancorporation, Inc.
Richmond Mutual Bancorporation, Inc., headquartered in
FORWARD-LOOKING STATEMENTS:
This document and other filings by the Company with the Securities and Exchange Commission (the "SEC"), as well as press releases or other public or stockholder communications released by the Company, may contain forward-looking statements, including, but not limited to, (i) statements regarding the financial condition, results of operations, and business of the Company, (ii) statements about the Company's plans, objectives, expectations, and intentions and other statements that are not historical facts, and (iii) other statements identified by the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "intends," or similar expressions that are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current beliefs and expectations of the Company's management and are inherently subject to significant business, economic, and competitive uncertainties and contingencies, many of which are beyond the Company's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. When considering forward-looking statements, keep in mind these risks and uncertainties. Undue reliance should not be placed on any forward-looking statement, which speaks only as of the date made.
The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: adverse economic conditions in our local market areas or other markets where we have lending relationships; employment levels, labor shortages, and the effects of persistent inflation, recessionary pressures, or slowing economic growth; changes in interest rate levels and the duration of such changes, including actions by the Federal Reserve, which could adversely affect our revenues and expenses, the value of assets and obligations, and the availability and cost of capital and liquidity; the impact of inflation and monetary and fiscal policy responses thereto, and their impact on consumer and business behavior; the effects of a federal government shutdown, debt ceiling standoff, or other fiscal policy uncertainty; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; legislative changes; changes in policies by regulatory agencies; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses on loans and leases; the Company's ability to access cost-effective funding, including maintaining the confidence of depositors; fluctuations in real estate values and both residential and commercial real estate market conditions; competitive pressures among depository institutions, including repricing and competitors' pricing initiatives, and their impact on our market position, loan, and deposit products; changes in management's business strategies, including expectations regarding key growth initiatives and strategic priorities; the ability to adapt to rapid technological changes, including advancements in artificial intelligence, digital banking, and cybersecurity; legislation or regulatory changes, including but not limited to shifts in capital requirements, banking regulation, tax laws, or consumer protection laws; vulnerabilities in information technology systems or third-party service providers, including disruptions, breaches, or attacks; geopolitical developments and international conflicts, including but not limited to tensions or instability in
The factors listed above could materially affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Financial Highlights (unaudited)
|
|
Three Months Ended |
|
Nine Months Ended |
||||||
|
SELECTED OPERATIONS DATA: |
September 30,
|
|
June 30,
|
|
September 30,
|
|
September 30,
|
|
September 30,
|
|
(In thousands, except for per share amounts) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
$ 21,813 |
|
$ 21,346 |
|
$ 20,261 |
|
$ 64,028 |
|
$ 59,857 |
|
Interest expense |
10,518 |
|
10,587 |
|
10,828 |
|
31,715 |
|
31,015 |
|
Net interest income |
11,295 |
|
10,759 |
|
9,433 |
|
32,313 |
|
28,842 |
|
|
|
|
|
|
|
|
|
|
|
|
Provision for (reversal of) credit losses |
269 |
|
745 |
|
(99) |
|
1,744 |
|
355 |
|
Net interest income after provision for (reversal of) |
11,026 |
|
10,014 |
|
9,532 |
|
30,569 |
|
28,487 |
|
Noninterest income |
1,298 |
|
1,080 |
|
1,325 |
|
3,540 |
|
3,566 |
|
Noninterest expense |
8,082 |
|
8,110 |
|
8,016 |
|
24,567 |
|
24,125 |
|
Income before income tax expense |
4,242 |
|
2,984 |
|
2,841 |
|
9,542 |
|
7,928 |
|
Income tax provision |
645 |
|
382 |
|
369 |
|
1,375 |
|
1,027 |
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
$ 3,597 |
|
$ 2,602 |
|
$ 2,472 |
|
$ 8,167 |
|
$ 6,901 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares outstanding |
10,426 |
|
10,389 |
|
10,949 |
|
10,426 |
|
10,949 |
|
Average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
Basic |
9,627 |
|
9,558 |
|
10,087 |
|
9,685 |
|
10,105 |
|
Diluted |
9,894 |
|
9,845 |
|
10,216 |
|
9,943 |
|
10,211 |
|
Earnings per share: |
|
|
|
|
|
|
|
|
|
|
Basic |
$ 0.37 |
|
$ 0.27 |
|
$ 0.25 |
|
$ 0.84 |
|
$ 0.68 |
|
Diluted |
$ 0.36 |
|
$ 0.26 |
|
$ 0.24 |
|
$ 0.82 |
|
$ 0.68 |
|
SELECTED FINANCIAL CONDITION DATA: |
September 30,
|
|
June 30,
|
|
March 31,
|
|
December 31,
|
|
September 30,
|
|
(In thousands, except for per share amounts) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
$ 1,525,565 |
|
$ 1,507,759 |
|
$ 1,522,792 |
|
$ 1,504,875 |
|
$ 1,492,550 |
|
Cash and cash equivalents |
34,265 |
|
27,211 |
|
27,032 |
|
21,757 |
|
19,570 |
|
Interest-bearing time deposits |
— |
|
300 |
|
300 |
|
300 |
|
300 |
|
Investment securities |
253,221 |
|
252,280 |
|
259,033 |
|
261,690 |
|
271,304 |
|
Loans and leases, net of allowance for credit losses |
1,178,232 |
|
1,167,850 |
|
1,175,833 |
|
1,158,879 |
|
1,140,969 |
|
Loans held for sale |
1,441 |
|
136 |
|
388 |
|
1,093 |
|
220 |
|
Premises and equipment, net |
13,427 |
|
13,189 |
|
12,779 |
|
12,922 |
|
13,018 |
|
Federal Home Loan Bank stock |
13,907 |
|
13,907 |
|
13,907 |
|
13,907 |
|
13,907 |
|
Other assets |
31,072 |
|
32,886 |
|
33,520 |
|
34,327 |
|
33,262 |
|
Deposits |
1,118,258 |
|
1,096,389 |
|
1,105,662 |
|
1,093,940 |
|
1,089,094 |
|
Borrowings |
254,000 |
|
267,000 |
|
274,000 |
|
265,000 |
|
252,000 |
|
Total stockholder's equity |
140,035 |
|
132,322 |
|
130,932 |
|
132,872 |
|
140,027 |
|
|
|
|
|
|
|
|
|
|
|
|
Book value (GAAP) |
$ 140,035 |
|
$ 132,322 |
|
$ 130,932 |
|
$ 132,872 |
|
$ 140,027 |
|
Tangible book value (non-GAAP) |
140,035 |
|
132,322 |
|
130,932 |
|
132,872 |
|
140,027 |
|
Book value per share (GAAP) |
13.43 |
|
12.74 |
|
12.48 |
|
12.29 |
|
12.79 |
|
Tangible book value per share (non-GAAP) |
13.43 |
|
12.74 |
|
12.48 |
|
12.29 |
|
12.79 |
The following table summarizes information relating to our loan and lease portfolio at the dates indicated:
|
(In thousands) |
September 30,
|
|
June 30,
|
|
March 31,
|
|
December 31,
|
|
September 30,
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial mortgage |
$ 420,680 |
|
$ 393,632 |
|
$ 387,516 |
|
$ 371,705 |
|
$ 348,473 |
|
Commercial and industrial |
138,333 |
|
140,700 |
|
136,524 |
|
126,367 |
|
126,591 |
|
Construction and development |
67,446 |
|
102,367 |
|
99,953 |
|
132,570 |
|
140,761 |
|
Multi-family |
216,982 |
|
191,750 |
|
211,485 |
|
185,864 |
|
183,778 |
|
Residential mortgage |
166,594 |
|
168,956 |
|
172,614 |
|
172,644 |
|
172,873 |
|
Home equity |
18,816 |
|
19,449 |
|
18,115 |
|
16,826 |
|
15,236 |
|
Direct financing leases |
146,413 |
|
147,193 |
|
146,067 |
|
148,102 |
|
147,057 |
|
Consumer |
19,914 |
|
20,596 |
|
20,243 |
|
21,218 |
|
22,608 |
|
|
|
|
|
|
|
|
|
|
|
|
Total loans and leases |
$ 1,195,178 |
|
$ 1,184,643 |
|
$ 1,192,517 |
|
$ 1,175,296 |
|
$ 1,157,377 |
The following table summarizes information relating to our deposits at the dates indicated:
|
(In thousands) |
September 30,
|
|
June 30,
|
|
March 31,
|
|
December 31,
|
|
September 30,
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing demand |
$ 110,815 |
|
$ 106,216 |
|
$ 103,353 |
|
$ 110,106 |
|
$ 98,522 |
|
Interest-bearing demand |
145,705 |
|
147,318 |
|
142,203 |
|
135,310 |
|
136,263 |
|
Savings and money market |
307,667 |
|
303,241 |
|
301,427 |
|
301,311 |
|
283,848 |
|
Non-brokered time deposits |
305,821 |
|
300,143 |
|
293,892 |
|
289,626 |
|
290,874 |
|
Brokered time deposits |
248,250 |
|
239,471 |
|
264,787 |
|
257,587 |
|
279,587 |
|
|
|
|
|
|
|
|
|
|
|
|
Total deposits |
$ 1,118,258 |
|
$ 1,096,389 |
|
$ 1,105,662 |
|
$ 1,093,940 |
|
$ 1,089,094 |
Average Balances, Interest and Average Yields/Cost. The following tables set forth for the periods indicated, information regarding average balances of assets and liabilities as well as the total dollar amounts of interest income from average interest-earning assets and interest expense on average interest-bearing liabilities, resultant yields, interest rate spread, net interest margin (otherwise known as net yield on interest-earning assets), and the ratio of average interest-earning assets to average interest-bearing liabilities. Average balances have been calculated using daily balances. Non-accruing loans have been included in the table as loans carrying a zero yield. Loan fees are included in interest income on loans and are not material.
|
|
Three Months Ended September 30, |
||||||||||
|
|
2025 |
|
2024 |
||||||||
|
|
Average |
|
Interest Paid |
|
Yield/ Rate |
|
Average |
|
Interest Paid |
|
Yield/ Rate |
|
|
(Dollars in thousands) |
||||||||||
|
Interest-earning assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Loans and leases receivable |
|
|
$ 19,676 |
|
6.63 % |
|
|
|
$ 18,071 |
|
6.27 % |
|
Securities |
249,857 |
|
1,620 |
|
2.59 % |
|
270,857 |
|
1,700 |
|
2.51 % |
|
FHLB stock |
13,907 |
|
314 |
|
9.03 % |
|
13,907 |
|
302 |
|
8.69 % |
|
Cash and cash equivalents and other |
20,957 |
|
203 |
|
3.87 % |
|
15,874 |
|
188 |
|
4.74 % |
|
Total interest-earning assets |
1,471,238 |
|
21,813 |
|
5.93 % |
|
1,453,963 |
|
20,261 |
|
5.57 % |
|
Non-earning assets |
39,591 |
|
|
|
|
|
40,485 |
|
|
|
|
|
Total assets |
1,510,829 |
|
|
|
|
|
1,494,448 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Savings and money market accounts |
303,742 |
|
1,747 |
|
2.30 % |
|
290,108 |
|
1,779 |
|
2.45 % |
|
Interest-bearing checking accounts |
145,916 |
|
425 |
|
1.17 % |
|
140,028 |
|
431 |
|
1.23 % |
|
Certificate accounts |
539,389 |
|
5,585 |
|
4.14 % |
|
570,820 |
|
6,121 |
|
4.29 % |
|
Borrowings |
265,793 |
|
2,761 |
|
4.16 % |
|
244,793 |
|
2,497 |
|
4.08 % |
|
Total interest-bearing liabilities |
1,254,840 |
|
10,518 |
|
3.35 % |
|
1,245,749 |
|
10,828 |
|
3.48 % |
|
Noninterest-bearing demand deposits |
108,360 |
|
|
|
|
|
101,239 |
|
|
|
|
|
Other liabilities |
14,099 |
|
|
|
|
|
13,200 |
|
|
|
|
|
Stockholders' equity |
133,530 |
|
|
|
|
|
134,260 |
|
|
|
|
|
Total liabilities and stockholders' equity |
1,510,829 |
|
|
|
|
|
1,494,448 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
|
$ 11,295 |
|
|
|
|
|
$ 9,433 |
|
|
|
Net earning assets |
$ 216,398 |
|
|
|
|
|
$ 208,214 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest rate spread(1) |
|
|
|
|
2.58 % |
|
|
|
|
|
2.09 % |
|
Net interest margin(2) |
|
|
|
|
3.07 % |
|
|
|
|
|
2.60 % |
|
Average interest-earning assets to average interest-bearing |
117.25 % |
|
|
|
|
|
116.71 % |
|
|
|
|
|
________________________________________________ (1) Net interest rate spread represents the difference between the weighted average yield earned on interest-earning assets and the weighted average rate paid on interest bearing liabilities. (2) Net interest margin represents net interest income divided by average total interest-earning assets. |
|||||||||||
|
|
Nine Months Ended September 30, |
||||||||||
|
|
2025 |
|
2024 |
||||||||
|
|
Average |
|
Interest Paid |
|
Yield/ Rate |
|
Average |
|
Interest Paid |
|
Yield/ Rate |
|
|
(Dollars in thousands) |
||||||||||
|
Interest-earning assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Loans and leases receivable |
|
|
$ 57,633 |
|
6.50 % |
|
|
|
$ 53,133 |
|
6.20 % |
|
Securities |
254,513 |
|
4,883 |
|
2.56 % |
|
275,903 |
|
5,232 |
|
2.53 % |
|
FHLB stock |
13,907 |
|
934 |
|
8.95 % |
|
13,848 |
|
947 |
|
9.12 % |
|
Cash and cash equivalents and other |
19,769 |
|
577 |
|
3.89 % |
|
15,480 |
|
545 |
|
4.69 % |
|
Total interest-earning assets |
1,469,940 |
|
64,027 |
|
5.81 % |
|
1,448,059 |
|
59,857 |
|
5.51 % |
|
Non-earning assets |
40,032 |
|
|
|
|
|
42,399 |
|
|
|
|
|
Total assets |
1,509,972 |
|
|
|
|
|
1,490,458 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Savings and money market accounts |
308,212 |
|
5,303 |
|
2.29 % |
|
279,890 |
|
4,961 |
|
2.36 % |
|
Interest-bearing checking accounts |
140,493 |
|
1,122 |
|
1.06 % |
|
144,157 |
|
1,250 |
|
1.16 % |
|
Certificate accounts |
542,573 |
|
16,989 |
|
4.17 % |
|
555,136 |
|
17,188 |
|
4.13 % |
|
Borrowings |
267,484 |
|
8,301 |
|
4.14 % |
|
259,911 |
|
7,617 |
|
3.91 % |
|
Total interest-bearing liabilities |
1,258,762 |
|
31,715 |
|
3.36 % |
|
1,239,094 |
|
31,016 |
|
3.34 % |
|
Noninterest-bearing demand deposits |
105,016 |
|
|
|
|
|
105,564 |
|
|
|
|
|
Other liabilities |
13,674 |
|
|
|
|
|
13,718 |
|
|
|
|
|
Stockholders' equity |
132,520 |
|
|
|
|
|
132,082 |
|
|
|
|
|
Total liabilities and stockholders' equity |
1,509,972 |
|
|
|
|
|
1,490,458 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
|
$ 32,312 |
|
|
|
|
|
$ 28,841 |
|
|
|
Net earning assets |
$ 211,178 |
|
|
|
|
|
$ 208,965 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest rate spread(1) |
|
|
|
|
2.45 % |
|
|
|
|
|
2.17 % |
|
Net interest margin(2) |
|
|
|
|
2.93 % |
|
|
|
|
|
2.66 % |
|
Average interest-earning assets to average interest-bearing |
116.78 % |
|
|
|
|
|
116.86 % |
|
|
|
|
|
________________________________________________ (1) Net interest rate spread represents the difference between the weighted average yield earned on interest-earning assets and the weighted average rate paid on interest bearing liabilities. (2) Net interest margin represents net interest income divided by average total interest-earning assets. |
|||||||||||
|
|
At and for the Three Months Ended |
||||||||
|
Selected Financial Ratios and Other Data: |
September 30,
|
|
June 30,
|
|
March 31,
|
|
December 31,
|
|
September 30,
|
|
Performance ratios: |
|
|
|
|
|
|
|
|
|
|
Return on average assets(1) |
0.95 % |
|
0.69 % |
|
0.52 % |
|
0.66 % |
|
0.66 % |
|
Return on average equity(1) |
10.78 % |
|
7.99 % |
|
5.89 % |
|
7.23 % |
|
7.36 % |
|
Yield on interest-earning assets |
5.93 % |
|
5.82 % |
|
5.68 % |
|
5.66 % |
|
5.57 % |
|
Rate paid on interest-bearing liabilities |
3.35 % |
|
3.37 % |
|
3.36 % |
|
3.47 % |
|
3.48 % |
|
Average interest rate spread |
2.58 % |
|
2.45 % |
|
2.32 % |
|
2.19 % |
|
2.09 % |
|
Net interest margin(1)(2) |
3.07 % |
|
2.93 % |
|
2.79 % |
|
2.70 % |
|
2.60 % |
|
Operating expense to average total assets(1) |
2.14 % |
|
2.15 % |
|
2.22 % |
|
2.11 % |
|
2.15 % |
|
Efficiency ratio(3) |
64.18 % |
|
68.50 % |
|
73.31 % |
|
71.68 % |
|
74.51 % |
|
Average interest-earning assets to average |
117.25 % |
|
116.72 % |
|
116.35 % |
|
117.25 % |
|
116.71 % |
|
Asset quality ratios: |
|
|
|
|
|
|
|
|
|
|
Non-performing assets to total assets(4) |
0.71 % |
|
0.54 % |
|
0.46 % |
|
0.45 % |
|
0.45 % |
|
Non-performing loans and leases to total gross |
0.90 % |
|
0.68 % |
|
0.59 % |
|
0.58 % |
|
0.58 % |
|
Allowance for credit losses to non-performing |
151.64 % |
|
201.14 % |
|
229.90 % |
|
232.99 % |
|
235.89 % |
|
Allowance for credit losses to total loans and |
1.37 % |
|
1.37 % |
|
1.35 % |
|
1.34 % |
|
1.36 % |
|
Net charge-offs to average outstanding loans |
0.11 % |
|
0.21 % |
|
0.13 % |
|
0.10 % |
|
0.15 % |
|
Capital ratios: |
|
|
|
|
|
|
|
|
|
|
Equity to total assets at end of period |
9.18 % |
|
8.78 % |
|
8.60 % |
|
8.83 % |
|
9.38 % |
|
Average equity to average assets |
8.84 % |
|
8.64 % |
|
8.85 % |
|
9.12 % |
|
8.98 % |
|
Common equity tier 1 capital (to risk weighted |
13.11 % |
|
12.99 % |
|
12.79 % |
|
12.98 % |
|
13.10 % |
|
Tier 1 leverage (core) capital (to adjusted |
10.85 % |
|
10.75 % |
|
10.68 % |
|
10.75 % |
|
10.73 % |
|
Tier 1 risk-based capital (to risk weighted |
13.11 % |
|
12.99 % |
|
12.79 % |
|
12.98 % |
|
13.10 % |
|
Total risk-based capital (to risk weighted |
14.36 % |
|
14.24 % |
|
14.04 % |
|
14.23 % |
|
14.35 % |
|
Other data: |
|
|
|
|
|
|
|
|
|
|
Number of full-service offices |
12 |
|
12 |
|
12 |
|
12 |
|
12 |
|
Full-time equivalent employees |
179 |
|
176 |
|
171 |
|
173 |
|
171 |
|
(1) Annualized (2) Net interest income divided by average interest-earning assets. (3) Total noninterest expenses as a percentage of net interest income and total noninterest income. (4) Non-performing assets consist of nonaccrual loans and leases, accruing loans and leases more than 90 days past due and foreclosed assets. (5) Non-performing loans and leases consist of nonaccrual loans and leases and accruing loans and leases more than 90 days past due. (6) Capital ratios are for First Bank Richmond. |
|||||||||
View original content:https://www.prnewswire.com/news-releases/richmond-mutual-bancorporation-inc-announces-2025-third-quarter-financial-results-302593239.html
SOURCE Richmond Mutual Bancorporation, Inc.
FAQ
What were Richmond Mutual Bancorporation (RMBI) Q3 2025 earnings per share?
How did Richmond Mutual's net interest margin change in Q3 2025?
What was Richmond Mutual's net income and quarterly change in Q3 2025?
How did nonperforming loans for RMBI change by September 30, 2025?
What is Richmond Mutual's capital position reported on October 23, 2025?
Did Richmond Mutual record a credit loss provision in Q3 2025 and how large was it?
