Richmond Mutual Bancorporation, Inc. announced the declaration of a quarterly cash dividend on its common stock of $0.15 per share. The dividend is payable on September 17, 2026, to stockholders of record as of the close of business on September 3, 2026. This action follows the successful completion of the company's merger with The Farmers Bancorp and reflects a commitment to maintaining consistent shareholder value while preserving capital. Richmond Mutual Bancorporation operates in the banking industry as the holding company for First Bank Midwest, providing traditional financial and trust services through branches across Indiana and Ohio.

Richmond Mutual Bancorporation, Inc. filed an amendment to its Current Report on Form 8-K/A to include the audited historical financial statements of The Farmers Bancorp as of June 30, 2025 and 2024, unaudited interim financials for the nine months ended March 31, 2026, and preliminary pro forma combined financial information. This filing supplements the report of the merger completion announced on July 1, 2026, where Richmond Mutual acquired Farmers Bancorp by issuing approximately 6.25 million shares at an exchange ratio of 3.40 to 1, resulting in total consideration of approximately $100.2 million. The pro forma balance sheet as of March 31, 2026, reflects combined assets of $2.65 billion and goodwill of $8.19 million. Richmond Mutual Bancorporation operates in the banking industry.

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.

On July 1, 2026, Richmond Mutual Bancorporation completed its merger with The Farmers Bancorp. Farmers shareholders received 3.40 shares of Richmond common stock for each share held, resulting in the issuance of 6,254,357 shares. The merger included the consolidation of their respective banks, with the surviving entity renamed First Bank Midwest. The board of directors expanded from six to eleven members, adding five former Farmers directors, including Barbara A. Cutillo, who was appointed Vice Chair. Christopher D. Cook became President of Richmond and CEO of First Bank Midwest, while Garry D. Kleer remains Chairman and CEO of Richmond. The company operates in the banking industry and provides financial services.