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Richmond Mutual Bancorporation, Inc. operates as the bank holding company for First Bank Richmond that provides various banking services. The company accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. It also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, and residential real estate loans, including home equity loans, lines of credits, and consumer loans. In addition, the company engages in the lease financing business; and provision of fee-based financial services comprising trust and estate administration, investment management, retirement plan administration, and private banking services. Richmond Mutual Bancorporation, Inc. was founded in 1887 and is headquartered in Richmond, Indiana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $49M | - | $12M | $15M | 7.9% | 12.8% | 23.5% |
| 2024 | $43M | - | $9M | $14M | 7.1% | 2.8% | -1.2% |
| 2023 | $42M | - | $9M | $11M | 7.0% | -9.3% | -26.8% |
| 2022 | $46M | - | $13M | $18M | 9.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 46.37 | 42.07 | 43.23 | 48.76 |
| Operating Revenue | - | 46.37 | 42.07 | 43.23 | 48.76 |
| Selling General And Administration | - | 19.43 | 18.99 | 20.26 | 20.17 |
| Interest Income | - | 51.86 | 67.41 | 80.53 | 85.91 |
| Interest Expense | - | 10.22 | 29.75 | 41.82 | 42.06 |
| Net Interest Income | - | 41.64 | 37.66 | 38.71 | 43.85 |
| Pretax Income | - | 15.75 | 11 | 10.86 | 13.65 |
| Tax Provision | - | 2.78 | 1.52 | 1.49 | 2.08 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 12.97 | 9.49 | 9.38 | 11.58 |
| Net Income From Continuing And Discontinued Operation | - | 12.97 | 9.49 | 9.38 | 11.58 |
| Net Income From Continuing Operation Net Minority Interest | - | 12.97 | 9.49 | 9.38 | 11.58 |
| Net Income | - | 12.97 | 9.49 | 9.38 | 11.58 |
| Net Income Common Stockholders | - | 12.97 | 9.49 | 9.38 | 11.58 |
| Net Income Including Noncontrolling Interests | - | 12.97 | 9.49 | 9.38 | 11.58 |
| Normalized Income | - | 12.97 | 9.49 | 9.38 | 11.58 |
| Diluted NI Availto Com Stockholders | - | 12.97 | 9.49 | 9.38 | 11.58 |
| Basic Average Shares | - | 10.77 | 10.40 | 10.08 | 9.67 |
| Diluted Average Shares | - | 11.06 | 10.45 | 10.23 | 9.90 |
| Reconciled Depreciation | - | 1.29 | 1.19 | 1.04 | 1.10 |
| Gain On Sale Of Security | - | 0 | 0 | -0.05 | -0.16 |
| General And Administrative Expense | - | 18.97 | 18.60 | 19.88 | 19.74 |
| Other Gand A | 0.17 | 0.19 | - | - | - |
| Salaries And Wages | - | 18.48 | 17.44 | 18.35 | 18.54 |
| Insurance And Claims | - | 0.49 | 1.16 | 1.53 | 1.19 |
| Selling And Marketing Expense | - | 0.46 | 0.39 | 0.38 | 0.43 |
| Occupancy And Equipment | - | 2.69 | 2.46 | 2.28 | 2.46 |
| Professional Expense And Contract Services Expense | - | 1.42 | 1.60 | 1.82 | 1.84 |
| Other Non Interest Expense | - | 6.47 | 7.49 | 7.46 | 8.49 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Richmond Mutual Bancorporation, Inc.this co. | RMBI | $142M | 12.27↓ discount | 0.97 | 7.9% | - |
| MainStreet Bancshares, Inc. | MNSB | $166M | 12.33 | 0.76 | 6.2% | - |
| Westwood Holdings Group, Inc. | WHG | $161M | 22.75 | 1.28 | 5.6% | 15.34 |
| ECB Bancorp, Inc. | ECBK | $158M | 20.35 | 0.92 | 4.5% | - |
| Finward Bancorp |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| FNWD |
| $142M |
| 17.50 |
| 0.81 |
| 4.6% |
| - |
| SB Financial Group, Inc. | SBFG | $139M | 9.92 | 0.98 | 9.9% | - |
| SR Bancorp, Inc. | SRBK | $138M | 26.82 | 0.71 | 2.7% | - |
| Patriot National Bancorp, Inc. | PNBK | $125M | -9.81 | 1.32 | -13.4% | - |
| Riverview Bancorp, Inc. | RVSB | $115M | 23.53 | 0.72 | 3.1% | - |
| Peer Median | - | 18.93 | 0.87 | 4.6% | 15.34 | |