Richmond Mutual Bancorporation, Inc. operates as a holding company for First Bank Richmond that provides various banking services.
Flawless balance sheet not a dividend payer.
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.
7 Day Return
1 Year Return
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.
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
2 months ago | Simply Wall StDoes Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Have A Place In Your Dividend Portfolio?
5 months ago | Simply Wall StCould The Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Ownership Structure Tell Us Something Useful?
8 months ago | Simply Wall StWhat Kind Of Shareholders Own Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI)?
Is Richmond Mutual Bancorporation undervalued compared to its fair value and its price relative to the market?
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.
How is Richmond Mutual Bancorporation forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Richmond Mutual Bancorporation performed over the past 5 years?
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.
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
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%).
What is Richmond Mutual Bancorporation current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Garry Kleer (64 yo)
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.
|Independent Director||0.92yr||US$4.50k||0.17% |
|Independent Director||27.58yrs||US$39.60k||0.11% |
|Lead Independent Director||no data||US$44.95k||0.30% |
|Independent Director||26.58yrs||US$39.95k||0.11% |
|Independent Director||4.58yrs||US$38.45k||0.22% |
|Independent Director||4.58yrs||US$38.55k||0.26% |
|Independent Director||2.58yrs||US$38.00k||0.22% |
Experienced Board: RMBI's board of directors are considered experienced (4.6 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Richmond Mutual Bancorporation, Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Richmond Mutual Bancorporation, Inc.
- 31 North 9th Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RMBI||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jul 2019|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/10 23:41|
|End of Day Share Price||2020/08/10 00:00|