Earnings ·
Richmond Mutual Bancorporation reported second quarter 2026 net income of $2.2 million, or $0.22 per diluted share…
RMBIRichmond Mutual Bancorporation, Inc.
Richmond Mutual Bancorporation reported second quarter 2026 net income of $2.2 million, or $0.22 per diluted share, down from $2.8 million or $0.28 per share in the first quarter of 2026. The decline was driven by $1.9 million in nonrecurring merger-related expenses from the July 1, 2026, acquisition of Farmers Bancorp and a higher provision for credit losses of $823,000. These costs were partially offset by an expanded net interest margin of 3.22% and increased net interest income of $12.1 million. Total assets reached $1.6 billion as of June 30, 2026. The company is a financial holding company providing community banking and trust services.