Richmond Mutual Bancorporation, Inc.

RMBI

Financial ServicesSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

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.

Valuation

Market Cap$152M

Current Price$15.60

P/E Ratio12.48

P/B Ratio1.04

EV / EBITDA-

EV / Sales7.68

Profitability

Operating Margin-

Net Profit Margin23.7%

EBITDA Margin-

Returns

ROE7.9%

ROCE-

ROIC %-

ROA0.8%

Solvency

Current Ratio-

Debt / Equity1.73

Debt / Assets0.17

CFO / Net Profit1.38

Price History▲ 9.63% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

No margin data.

Growth Summary

Latest fiscal year: 2025

Revenue$49M▲ 12.8%

EBITDA-

Net Profit$12M▲ 23.5%

Cash from Ops (CFO)$16M

Free Cash Flow (FCF)$15M

Revenue CAGR 3Y-

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

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%	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2022	2023	2024	2025
Total Revenue	46.37	42.07	43.23	48.76
Pretax Income	15.75	11	10.86	13.65
Tax Provision	2.78	1.52	1.49	2.08
Net Income	12.97	9.49	9.38	11.58
Net Income Common Stockholders	12.97	9.49	9.38	11.58
Interest Expense	10.22	29.75	41.82	42.06
Interest Income	51.86	67.41	80.53	85.91
Selling General And Administration	19.43	18.99	20.26	20.17
Normalized Income	12.97	9.49	9.38	11.58
Basic EPS	1.20	0.91	0.93	0
Diluted EPS	1.17	0.91	0.92	0
Tax Effect Of Unusual Items	0	0	0	0
Tax Rate For Calcs	0.18	0.14	0.14	0.15
Net Income From Continuing Operation Net Minority Interest	12.97	9.49	9.38	11.58
Reconciled Depreciation	1.29	1.19	1.04	1.10
Net Interest Income	41.64	37.66	38.71	43.85
Net Income From Continuing And Discontinued Operation	12.97	9.49	9.38	11.58
Diluted Average Shares	11.06	10.45	10.23	0
Basic Average Shares	10.77	10.40	10.08	0
Diluted NI Availto Com Stockholders	12.97	9.49	9.38	11.58
Net Income Including Noncontrolling Interests	12.97	9.49	9.38	11.58
Net Income Continuous Operations	12.97	9.49	9.38	11.58
Gain On Sale Of Security	0	0	-0.05	-0.16
Selling And Marketing Expense	0.46	0.39	0.38	0.43
General And Administrative Expense	18.97	18.60	19.88	19.74
Other Gand A	0.19	0	0	0
Insurance And Claims	0.49	1.16	1.53	1.19
Salaries And Wages	18.48	17.44	18.35	18.54
Operating Revenue	46.37	42.07	43.23	48.76
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

Peer Comparison

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	$152M	12.48↓ discount	1.04	7.9%	-
Landmark Bancorp, Inc.	LARK	$167M	8.93	1.04	11.7%	-
Finance of America Companies Inc.	FOA	$166M	4.91	0.47	11.4%	-
SelectQuote, Inc.	SLQT	$163M	-	0.45	8.3%	14.41
ECB Bancorp, Inc.

Learn while you research

Hand-picked academy chapters to deepen your understanding of Richmond Mutual Bancorporation, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Leverage Ratios

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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%

Metric

2022

2023

2024

2025

Total Revenue

46.37

42.07

43.23

48.76

Pretax Income

15.75

10.86

13.65

Tax Provision

2.78

1.52

1.49

2.08

Net Income

12.97

9.49

9.38

11.58

Net Income Common Stockholders

12.97

9.49

9.38

11.58

Interest Expense

10.22

29.75

41.82

42.06

Interest Income

51.86

67.41

80.53

85.91

Selling General And Administration

19.43

18.99

20.26

20.17

Normalized Income

12.97

9.49

9.38

11.58

Basic EPS

1.20

0.91

0.93

Diluted EPS

1.17

0.91

0.92

Tax Effect Of Unusual Items

Tax Rate For Calcs

0.18

0.14

0.15

Net Income From Continuing Operation Net Minority Interest

12.97

9.49

9.38

11.58

Reconciled Depreciation

1.29

1.19

1.04

1.10

Net Interest Income

41.64

37.66

38.71

43.85

Net Income From Continuing And Discontinued Operation

12.97

9.49

9.38

11.58

Diluted Average Shares

11.06

10.45

10.23

Basic Average Shares

10.77

10.40

10.08

Diluted NI Availto Com Stockholders

12.97

9.49

9.38

11.58

Net Income Including Noncontrolling Interests

12.97

9.49

9.38

11.58

Net Income Continuous Operations

12.97

9.49

9.38

11.58

Gain On Sale Of Security

-0.05

-0.16

Selling And Marketing Expense

0.46

0.39

0.38

0.43

General And Administrative Expense

18.97

18.60

19.88

19.74

Other Gand A

0.19

Insurance And Claims

0.49

1.16

1.53

1.19

Salaries And Wages

18.48

17.44

18.35

18.54

Operating Revenue

46.37

42.07

43.23

48.76

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

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Richmond Mutual Bancorporation, Inc.this co.

RMBI

$152M

12.48↓ discount

1.04

7.9%

Landmark Bancorp, Inc.

LARK

$167M

8.93

1.04

11.7%

Finance of America Companies Inc.

FOA

$166M

4.91

0.47

11.4%

SelectQuote, Inc.

SLQT

$163M

0.45

8.3%

14.41

ECB Bancorp, Inc.

Richmond Mutual Bancorporation, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Richmond Mutual Bancorporation, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on