Richmond Mutual (NASDAQ: RMBI) declares $0.15 dividend
Rhea-AI Filing Summary
Richmond Mutual Bancorporation, Inc. (RMBI) announced that its Board of Directors has declared a cash dividend of $0.15 per share on its common stock. The dividend is payable on September 17, 2026 to stockholders of record as of the close of business on September 3, 2026.
Chairman and CEO Garry Kleer stated that, following the successful completion of the merger with The Farmers Bancorp, the company is pleased to continue its quarterly cash dividend and remains focused on preserving capital and maintaining a strong financial foundation while providing consistent value to shareholders.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Cash dividend per share: $0.15 per share
Dividend record date: September 3, 2026
Dividend payment date: September 17, 2026
3 metrics
Cash dividend per share
$0.15 per share
Declared on Richmond Mutual Bancorporation, Inc. common stock
Dividend record date
September 3, 2026
Stockholders of record as of the close of business on this date are entitled to the dividend
Dividend payment date
September 17, 2026
Scheduled payment date for the $0.15 per share cash dividend
Key Terms
quarterly cash dividend, stockholders of record, holding company, loan production office
4 terms
quarterly cash dividend financial
"we are pleased to continue our quarterly cash dividend"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
stockholders of record financial
"to stockholders of record as of the close of business on September 3, 2026"
Stockholders of record are the people or entities whose names appear on a company's official shareholder list on a specific cutoff date set by the company or its transfer agent; only those listed are entitled to receive dividends, vote at shareholder meetings, or participate in other corporate actions. Think of it like a guest list for an event: being on the list on the set day determines who gets the benefits and rights, so investors must own shares before the cutoff to qualify.
holding company financial
"is the holding company for First Bank Midwest"
A holding company is an organization that owns enough shares of other businesses to control them but usually does not run their day-to-day operations. Think of it as an umbrella or parent that lets investors gain exposure to several companies through one vehicle; its value depends on the performance, risks, dividends and debts of the companies it holds, so it matters for assessing diversification, control and consolidated financial health.
loan production office financial
"Additionally, the Bank operates a loan production office in Carmel, Indiana"
A loan production office is a bank or finance company location set up primarily to find, meet with, and originate loans, but it typically does not handle full retail services like deposits or cash transactions. For investors, an LPO is a way for a lender to grow loan volume and reach new customers with lower overhead, which can boost revenue but also concentrates credit risk in specific markets—like opening a pop-up shop that only sells one product.
FAQ
What dividend did RMBI declare in this 8-K filing?
Richmond Mutual Bancorporation, Inc. declared a cash dividend of $0.15 per share on its common stock. The company described this as a continuation of its quarterly cash dividend following the completion of its merger with The Farmers Bancorp.
What are the record date and payment date for RMBI’s $0.15 dividend?
The record date for Richmond Mutual Bancorporation, Inc.’s $0.15 per share dividend is September 3, 2026, and the dividend is payable on September 17, 2026 to stockholders of record as of the close of business on the record date.
How does the recent merger relate to RMBI’s dividend announcement?
Garry Kleer, Chairman and CEO, stated that following the successful completion of the merger with The Farmers Bancorp, Richmond Mutual Bancorporation, Inc. is pleased to continue its quarterly cash dividend while focusing on preserving capital and maintaining a strong financial foundation.
What type of institution is RMBI’s banking subsidiary?
Richmond Mutual Bancorporation, Inc. is the holding company for First Bank Midwest, described as a community-oriented financial institution offering traditional financial and trust services through branch locations in multiple communities in Indiana and Ohio and a loan production office in Carmel, Indiana.
On which exchange is RMBI common stock listed and under what symbol?
Richmond Mutual Bancorporation, Inc.’s common stock, par value $0.01 per share, is listed on The NASDAQ Stock Market LLC under the trading symbol RMBI.
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