Welcome to our dedicated page for Richmond Mut Bancorporation SEC filings (Ticker: RMBI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Richmond Mutual Bancorporation, Inc. filings document material events for the Maryland bank holding company and its First Bank Richmond subsidiary. Recent Form 8-K disclosures include earnings releases under results of operations, cash dividend declarations on common stock, Regulation FD investor presentation materials, and related exhibit filings.
The filing record also covers capital-structure and governance disclosures relevant to a public bank holding company, including common-stock dividend actions, shareholder voting matters, material agreements, financial condition updates, and regulatory capital information for the banking subsidiary.
Richmond Mutual Bancorporation, Inc. reported stronger quarterly results while preparing for a major merger. For the three months ended March 31, 2026, net income rose to $2.8 million from $2.0 million a year earlier, with diluted earnings per share increasing to $0.28 from $0.20. Net interest income improved to $11.4 million as deposit and borrowing costs declined.
Total assets were $1.52 billion, loans and leases net of allowance were $1.17 billion, and deposits totaled $1.11 billion at March 31, 2026. Credit quality remained manageable, with nonperforming loans and leases at 1.48% of total and the allowance for credit losses at 1.41% of loans and leases. The company also advanced its pending stock-for-stock merger with The Farmers Bancorp, an approximately $82 million transaction expected to close around the end of the second quarter of 2026, subject to shareholder approvals.
Richmond Mutual Bancorporation, Inc. filed a Form 8-K noting that The Farmers Bancorp has circulated a reminder letter to its shareholders about a special meeting on May 26, 2026 to vote on the pending merger between Farmers and Richmond Mutual.
The filing explains that a Registration Statement on Form S-4, including a joint proxy statement/prospectus for the merger, was declared effective on April 3, 2026, and that Farmers shareholders can obtain these materials free of charge from the SEC’s website or directly from Farmers. The reminder letter encourages shareholders to submit proxies by mail, phone, or internet and reiterates that the communication is not itself an offer to sell or buy securities.
Richmond Mutual Bancorporation, Inc. reported first quarter 2026 net income of $2.8 million, or $0.28 diluted EPS, up from $2.0 million, or $0.20, a year earlier but down from $3.4 million, or $0.35, in the fourth quarter of 2025.
Net interest income was $11.4 million and annualized net interest margin was 3.10%, slightly below the prior quarter but above 2.79% in first quarter 2025. Asset quality remained stable with nonperforming loans and leases at 1.48% of total loans and leases and an allowance equal to 1.41%.
The Company highlighted nonrecurring items, including core processor implementation fees, fraud losses, and taxes on a nonaccrual loan, which weighed on earnings. Management emphasized strong capital, with stockholders’ equity of $144.9 million and an equity-to-assets ratio of 9.54%.
The filing also updates on the proposed all-stock merger with Farmers Bancorp, under which Farmers Bancorp shareholders will receive 3.40 Company shares per Farmers share and are expected to own about 38% of the combined company. All required regulatory approvals have been received, with shareholder votes scheduled for late May 2026.
Richmond Mutual Bancorporation, Inc. and The Farmers Bancorp, Frankfort, Indiana have entered into a merger agreement dated November 11, 2025 under which Farmers Bancorp will merge into Richmond Mutual and Farmers Bank will merge into First Bank Richmond. Farmers Bancorp shareholders will receive 3.40 shares of Richmond Mutual common stock per Farmers Bancorp share, with cash paid for fractional shares. Based on shares outstanding as of March 30, 2026, Richmond Mutual expects to issue approximately 6,269,855 shares, resulting in former Farmers Bancorp shareholders owning about 38% of the combined company and existing Richmond Mutual shareholders owning about 62%. The combined company is expected to have approximately $2.6 billion in total assets and continue trading on Nasdaq under the ticker RMBI. The merger is subject to shareholder approvals, regulatory approvals, satisfaction of closing conditions, and customary termination rights and fees.
Richmond Mutual Bancorporation, Inc. and The Farmers Bancorp, Frankfort, Indiana entered into a merger agreement under which Farmers Bancorp will merge into Richmond Mutual, creating a combined bank holding company with approximately $2.6 billion in total assets and an estimated market capitalization of $224.7 million. Farmers Bancorp shareholders will receive 3.40 shares of Richmond Mutual common stock per Farmers Bancorp share, with Richmond Mutual expecting to issue approximately 6,269,855 shares in the merger. Based on a $13.55 Richmond Mutual closing price on March 30, 2026, the per-share merger consideration equated to about $46.07 per Farmers Bancorp share, or roughly $85.0 million aggregate. Post-closing ownership is estimated at ~38% for former Farmers Bancorp shareholders and ~62% for existing Richmond Mutual shareholders. The merger is conditioned on shareholder approvals and regulatory clearances; all required regulatory approvals have been received and shareholder meetings are scheduled for May 26–27, 2026.
The Vanguard Group filed Amendment No. 2 to a Schedule 13G/A concerning Richmond Mutual BanCorp Inc common stock (CUSIP 76525P100), stating it beneficially owns 0 shares representing 0% of the class. The filing explains an internal realignment effective January 12, 2026 that caused certain subsidiaries and business divisions to report beneficial ownership separately in reliance on SEC Release No. 34-39538.
The amendment is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026. The statement lists voting and dispositive powers as zero and notes Vanguard entities have rights to dividends or proceeds for managed accounts where applicable.
Richmond Mutual Bancorporation, Inc. proposes to acquire The Farmers Bancorp in a stock merger that would create a combined bank holding company with approximately $2.6 billion in total assets. Under the merger, Farmers Bancorp shareholders will receive 3.40 shares of Richmond Mutual common stock per Farmers Bancorp share.
Richmond Mutual expects to issue approximately 6,269,855 shares and estimates former Farmers Bancorp shareholders will own about 38% of the combined company on a fully diluted basis. Completion is expected in Q2 2026, but is subject to regulatory approvals and shareholder votes required at separate Richmond Mutual and Farmers Bancorp meetings.
Richmond Mutual Bancorporation reported higher 2025 earnings and outlined continued balance sheet growth. Net income rose to $11.6 million from $9.4 million in 2024, supported by community banking, leasing and wealth management operations with $246.3 million in assets under management.
At December 31, 2025, the company had $1.5 billion in assets, $1.2 billion in loans and leases, $1.1 billion in deposits and $145.8 million in stockholders’ equity. Commercial and multi-family real estate loans made up 52.2% of the loan and lease portfolio, while leases represented 12.2%.
Asset quality weakened as non-performing assets increased to $17.5 million, or 1.14% of total assets, from 0.45% a year earlier. The allowance for credit losses on loans and leases was $16.5 million, or 1.38% of total loans and leases. Funding included $1.1 billion of deposits, with brokered deposits of $235.9 million and Federal Home Loan Bank advances of $240.0 million. The company also highlighted a planned merger with The Farmers Bancorp, expected to close in the second quarter of 2026, subject to customary approvals.