NasdaqCM:RMBI

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Richmond Mutual Bancorporation

Executive Summary

Richmond Mutual Bancorporation, Inc. operates as a holding company for First Bank Richmond that provides various banking services.


Snowflake Analysis

Flawless balance sheet not a dividend payer.


Similar Companies

Share Price & News

How has Richmond Mutual Bancorporation's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RMBI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.5%

RMBI

5.3%

US Banks

1.2%

US Market


1 Year Return

-13.9%

RMBI

-17.7%

US Banks

16.8%

US Market

Return vs Industry: RMBI exceeded the US Banks industry which returned -19% over the past year.

Return vs Market: RMBI underperformed the US Market which returned 16.4% over the past year.


Shareholder returns

RMBIIndustryMarket
7 Day-1.5%5.3%1.2%
30 Day1.2%6.6%4.9%
90 Day13.5%18.7%20.0%
1 Year-13.5%-13.9%-14.9%-17.7%19.3%16.8%
3 Yearn/a-9.6%-16.9%43.7%34.4%
5 Yearn/a15.0%1.0%75.5%56.6%

Price Volatility Vs. Market

How volatile is Richmond Mutual Bancorporation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Richmond Mutual Bancorporation undervalued compared to its fair value and its price relative to the market?

0.79x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RMBI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RMBI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RMBI is unprofitable, so we can't compare its PE Ratio to the US Banks industry average.

PE vs Market: RMBI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RMBI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RMBI's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Richmond Mutual Bancorporation forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.8%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Richmond Mutual Bancorporation has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Richmond Mutual Bancorporation performed over the past 5 years?

-364.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: RMBI is currently unprofitable.

Growing Profit Margin: RMBI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if RMBI's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare RMBI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RMBI is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-3%).


Return on Equity

High ROE: RMBI has a negative Return on Equity (-5.52%), as it is currently unprofitable.


Next Steps

Financial Health

How is Richmond Mutual Bancorporation's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: RMBI's Assets to Equity ratio (5.8x) is low.

Allowance for Bad Loans: RMBI has a sufficient allowance for bad loans (198%).

Low Risk Liabilities: 78% of RMBI's liabilities are made up of primarily low risk sources of funding.

Loan Level: RMBI has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: RMBI's Loans to Deposits ratio (102%) is appropriate.

Level of Bad Loans: RMBI has an appropriate level of bad loans (0.6%).


Next Steps

Dividend

What is Richmond Mutual Bancorporation current dividend yield, its reliability and sustainability?

1.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RMBI's dividend (1.74%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: RMBI's dividend (1.74%) is low compared to the top 25% of dividend payers in the US market (4.35%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether RMBI's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if RMBI's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average board tenure


CEO

Garry Kleer (64 yo)

14.58yrs

Tenure

US$511,692

Compensation

Mr. Garry D. Kleer serves as Chairman of the Board of First Bank Richmond, Richmond Mutual Bancorporation-Delaware and First Mutual of Richmond-MHC (collectively, the “First Bank Richmond Entities”). He se ...


CEO Compensation Analysis

Compensation vs Market: Garry's total compensation ($USD511.69K) is below average for companies of similar size in the US market ($USD1.30M).

Compensation vs Earnings: Garry's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Garry Kleer
Chairman14.58yrsUS$511.69k0.23%
$ 354.2k
Harold Hanley
Independent Director0.92yrUS$4.50k0.17%
$ 259.7k
E. Blum
Independent Director27.58yrsUS$39.60k0.11%
$ 172.3k
Lindley Mann
Lead Independent Directorno dataUS$44.95k0.30%
$ 459.6k
W. Stevens
Independent Director26.58yrsUS$39.95k0.11%
$ 172.3k
Kathryn Girten
Independent Director4.58yrsUS$38.45k0.22%
$ 344.7k
M. Wetzel
Independent Director4.58yrsUS$38.55k0.26%
$ 406.6k
Jeffrey Jackson
Independent Director2.58yrsUS$38.00k0.22%
$ 344.7k

4.6yrs

Average Tenure

65yo

Average Age

Experienced Board: RMBI's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RMBI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Richmond Mutual Bancorporation, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Richmond Mutual Bancorporation, Inc.
  • Ticker: RMBI
  • Exchange: NasdaqCM
  • Founded: 1887
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$155.421m
  • Shares outstanding: 13.53m
  • Website: https://www.firstbankrichmond.com

Number of Employees


Location

  • Richmond Mutual Bancorporation, Inc.
  • 31 North 9th Street
  • Richmond
  • Indiana
  • 47374
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RMBINasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJul 2019

Biography

Richmond Mutual Bancorporation, Inc. operates as a holding company for First Bank Richmond that provides various banking services. The company accepts various deposits, including savings deposit accounts, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 23:41
End of Day Share Price2020/08/10 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.