Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Director Emeritus Lindley Mann was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Declared Dividend • May 29
First quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 3rd June 2026 Payment date: 17th June 2026 Dividend yield will be 4.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 20% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 8.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: US$0.29 (vs US$0.20 in 1Q 2025) First quarter 2026 results: EPS: US$0.29 (up from US$0.20 in 1Q 2025). Revenue: US$12.1m (up 13% from 1Q 2025). Net income: US$2.79m (up 42% from 1Q 2025). Profit margin: 23% (up from 18% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: US$1.20 (vs US$0.93 in FY 2024) Full year 2025 results: EPS: US$1.20 (up from US$0.93 in FY 2024). Revenue: US$46.8m (up 9.0% from FY 2024). Net income: US$11.6m (up 24% from FY 2024). Profit margin: 25% (up from 22% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.97% (up from 2.67% in FY 2024). Cost-to-income ratio: 67.7% (down from 73.7% in FY 2024). Non-performing loans: 1.43% (up from 0.57% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Declared Dividend • Feb 15
Fourth quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 25th February 2026 Payment date: 11th March 2026 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 20% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 8.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 12
Richmond Mutual Bancorporation, Inc. Announces Quarterly Cash Dividend, Payable on March 11, 2026 Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.15 per share. The cash dividend will be payable on March 11, 2026, to stockholders of record as of the close of business on February 25, 2026. Reported Earnings • Jan 23
Full year 2025 earnings released: EPS: US$1.20 (vs US$0.93 in FY 2024) Full year 2025 results: EPS: US$1.20 (up from US$0.93 in FY 2024). Revenue: US$46.8m (up 9.0% from FY 2024). Net income: US$11.6m (up 24% from FY 2024). Profit margin: 25% (up from 22% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • Jan 23
Richmond Mutual Bancorporation, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2025 Richmond Mutual Bancorporation, Inc. reported net charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported net charge-offs were $369,000, compared to $286,000 in the fourth quarter of 2024. Declared Dividend • Nov 23
Third quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 4th December 2025 Payment date: 18th December 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 20% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 8.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 20
Richmond Mutual Bancorporation, Inc. Announces Quarterly Dividend, Payable on December 18, 2025 Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.15 per share. The cash dividend will be payable on December 18, 2025, to stockholders of record as of the close of business on December 4, 2025. Announcement • Nov 12
Richmond Mutual Bancorporation, Inc. (NasdaqCM:RMBI) entered into a definitive agreement to acquire Farmers Bancorp (Frankfort IN) (OTCPK:FABP) for $85.1 million. Richmond Mutual Bancorporation, Inc. (NasdaqCM:RMBI) entered into a definitive agreement to acquire Farmers Bancorp (Frankfort IN) (OTCPK:FABP) for $85.1 million on November 11, 2025. The shareholders of Farmers Bancorp common stock will have the right to receive 3.40 shares of Richmond Mutual common stock for each outstanding share of Farmers Bancorp. Following completion of the merger, existing Richmond Mutual shareholders will own approximately 62% of the combined company, and Farmers Bancorp shareholders approximately 38%. The combined company will continue to trade on the Nasdaq Capital Market under the ticker symbol "RMBI." The holding company will operate under the name "Richmond Mutual Bancorporation, Inc.," while the combined bank will operate under a new name to be jointly determined by the parties prior to closing. In case of termination Farmers Bancorp will pay $3.3 million.
The combined company's Board of Directors will consist of 11 directors, six from Richmond Mutual and five from Farmers Bancorp. The administrative headquarters of the combined company will be located in Richmond, Indiana, and the administrative headquarters of the combined bank will be located in Frankfort, Indiana.
Under the terms of the Merger Agreement, which has been unanimously approved by the Boards of Directors of both companies, The transaction is expected to close early in the second quarter of 2026, pending regulatory, shareholder approvals, Nasdaq listing, Effectives of registration statement, third part approval and other customary closing conditions. The merger is expected to generate approximately 35% EPS accretion for Richmond Mutual shareholders, following full realization of anticipated cost savings.
Janney Montgomery Scott LLC acted as financial advisor and fairness opinion provider for Farmers Bancorp. Daniel Spungen and John W. Tanselle of Amundsen Davis, LLC acted as legal advisor for Farmers Bancorp. Keefe, Bruyette & Woods, Inc. acted as financial advisor and fairness opinion provider for Richmond Mutual Bancorporation, Inc. Marty Meyrowitz and James S. Fleischer of Silver, Freedman, Taff & Tiernan LLP acted as legal advisor for Richmond Mutual Bancorporation, Inc. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: US$0.37 (vs US$0.24 in 3Q 2024) Third quarter 2025 results: EPS: US$0.37 (up from US$0.24 in 3Q 2024). Revenue: US$12.3m (up 14% from 3Q 2024). Net income: US$3.60m (up 46% from 3Q 2024). Profit margin: 29% (up from 23% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Oct 24
Richmond Mutual Bancorporation, Inc. Reports Net-Charge Offs for the Third Quarter Ended September 30, 2025 Richmond Mutual Bancorporation, Inc. reported net-charge offs for the third quarter ended September 30, 2025. Net charge-offs for the third quarter of 2025 were $317,000, compared to $626,000 in the second quarter of 2025 and $464,000 in the third quarter of 2024. Declared Dividend • Aug 24
Second quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 4th September 2025 Payment date: 18th September 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 25% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 21
Richmond Mutual Bancorporation, Inc. Declares Cash Dividend on Common Stock, Payable on September 18, 2025 Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend on common stock of $0.15 per share. The cash dividend will be payable on September 18, 2025, to stockholders of record as of the close of business on September 4, 2025. Reported Earnings • Jul 25
Second quarter 2025 earnings released: EPS: US$0.27 (vs US$0.20 in 2Q 2024) Second quarter 2025 results: EPS: US$0.27 (up from US$0.20 in 2Q 2024). Revenue: US$11.1m (up 6.5% from 2Q 2024). Net income: US$2.60m (up 26% from 2Q 2024). Profit margin: 24% (up from 20% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jul 24
Richmond Mutual Bancorporation, Inc. Announces Net Charge Offs for the Second Quarter Ended June 30, 2025 Richmond Mutual Bancorporation, Inc. announced net charge offs for the second quarter ended June 30, 2025. For the quarter, the company announced net charge-offs of $626,000, compared to net charge-offs of $450,000 in the second quarter of 2024. Declared Dividend • May 25
First quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 5th June 2025 Payment date: 18th June 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 25% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 22
Richmond Mutual Bancorporation, Inc. Declares Quarterly Dividend, Payable on June 18, 2025 Richmond Mutual Bancorporation, Inc. announced that its board of directors has declared a quarterly cash dividend on the company common stock of $0.15 per share. The cash dividend will be payable on June 18, 2025 to stockholders of record as of the close of business on June 5, 2025. Announcement • Apr 26
Richmond Mutual Bancorporation, Inc. Announces Net Charge-Offs for the First Quarter Ended March 31, 2025 Richmond Mutual Bancorporation, Inc. announced net charge-offs for the first quarter ended March 31, 2025. Net charge-offs during the first quarter of 2025 were $395,000, compared to net charge-offs of $286,000 during the fourth quarter of 2024 and net charge-offs of $324,000 in the first quarter of 2024. Reported Earnings • Mar 31
Full year 2024 earnings released: EPS: US$0.93 (vs US$0.91 in FY 2023) Full year 2024 results: EPS: US$0.93. Revenue: US$42.9m (up 2.8% from FY 2023). Net income: US$9.38m (down 1.2% from FY 2023). Profit margin: 22% (in line with FY 2023). Net interest margin (NIM): 2.67% (down from 2.78% in FY 2023). Cost-to-income ratio: 73.7% (up from 72.7% in FY 2023). Non-performing loans: 0.57% (down from 0.71% in FY 2023). Declared Dividend • Feb 20
Fourth quarter dividend increased to US$0.15 Dividend of US$0.15 is 7.1% higher than last year. Ex-date: 26th February 2025 Payment date: 12th March 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 23% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 17
Richmond Mutual Bancorporation, Inc., Annual General Meeting, May 21, 2025 Richmond Mutual Bancorporation, Inc., Annual General Meeting, May 21, 2025. Announcement • Feb 15
Richmond Mutual Bancorporation, Inc. Declares Quarterly Cash Dividend, Payable on March 12, 2025 Richmond Mutual Bancorporation, Inc. announced that its board of directors has declared a quarterly cash dividend on the company common stock of $0.15 per share, marking an increase of $0.01 per share, or 7%, from the previous quarter. The cash dividend will be payable on March 12, 2025, to stockholders of record as of the close of business on February 26, 2025. Reported Earnings • Jan 24
Full year 2024 earnings released: EPS: US$0.93 (vs US$0.91 in FY 2023) Full year 2024 results: EPS: US$0.93. Revenue: US$42.9m (up 2.8% from FY 2023). Net income: US$9.38m (down 1.2% from FY 2023). Profit margin: 22% (in line with FY 2023). Declared Dividend • Nov 25
Third quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 5th December 2024 Payment date: 19th December 2024 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 23% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 21
Richmond Mutual Bancorporation, Inc. Announces Quarterly Dividend, Payable on December 19, 2024 Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.14 per share. The cash dividend will be payable on December 19, 2024 to stockholders of record as of the close of business on December 5, 2024. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$0 (vs US$0.19 in 3Q 2023) Third quarter 2024 results: EPS: US$0 (down from US$0.19 in 3Q 2023). Revenue: US$10.9k (down 100% from 3Q 2023). Net income: US$2.5k (down 100% from 3Q 2023). Profit margin: 23% (up from 19% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • Oct 25
Richmond Mutual Bancorporation, Inc. Reports Net Charge Off for the Third Quarter Ended September 30, 2024 Richmond Mutual Bancorporation, Inc. reported net charge off for the third quarter ended September 30, 2024. Net charge-offs during the third quarter of 2024 were $464,000, compared to $450,000 during the second quarter of 2024 and $299,000 during the third quarter of 2023. Declared Dividend • Aug 23
Second quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 4th September 2024 Payment date: 18th September 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 24% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.6% EPS decline seen over the last 3 years. Announcement • Aug 21
Richmond Mutual Bancorporation, Inc. Declares Quarterly Cash Dividend on its Common Stock, Payable on September 18, 2024 Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend on its common stock of $0.14 per share. The cash dividend will be payable on September 18, 2024 to stockholders of record as of the close of business on September 4, 2024. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: US$0.20 (vs US$0.26 in 2Q 2023) Second quarter 2024 results: EPS: US$0.20 (down from US$0.26 in 2Q 2023). Revenue: US$10.5m (flat on 2Q 2023). Net income: US$2.06m (down 23% from 2Q 2023). Profit margin: 20% (down from 26% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year. Buy Or Sell Opportunity • Jul 19
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at US$11.81. The fair value is estimated to be US$14.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 3.4%. Declared Dividend • May 20
First quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 30th May 2024 Payment date: 13th June 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 1.8% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 18
Richmond Mutual Bancorporation, Inc. Declares Quarterly Cash Dividend, Payable on June 13, 2024 Richmond Mutual Bancorporation, Inc. that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.14 per share. The cash dividend will be payable on June 13, 2024, to stockholders of record as of the close of business on May 30, 2024. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: US$0.23 (vs US$0.27 in 1Q 2023) First quarter 2024 results: EPS: US$0.23 (down from US$0.27 in 1Q 2023). Revenue: US$10.8m (flat on 1Q 2023). Net income: US$2.37m (down 18% from 1Q 2023). Profit margin: 22% (down from 27% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: US$0.91 (vs US$1.20 in FY 2022) Full year 2023 results: EPS: US$0.91 (down from US$1.20 in FY 2022). Revenue: US$41.7m (down 9.3% from FY 2022). Net income: US$9.49m (down 27% from FY 2022). Profit margin: 23% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.78% (down from 3.36% in FY 2022). Cost-to-income ratio: 72.7% (up from 64.9% in FY 2022). Non-performing loans: 0.71% (down from 0.93% in FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$12.90, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 9x in the Banks industry in the US. Total returns to shareholders of 8.9% over the past three years. Declared Dividend • Feb 25
Fourth quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 1st March 2024 Payment date: 14th March 2024 Dividend yield will be 4.9%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 4.4% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 22
Richmond Mutual Bancorporation, Inc. Declares Quarterly Cash Dividend, Payable on March 14, 2024 Richmond Mutual Bancorporation, Inc. announced that its board of directors has declared a quarterly cash dividend on the company common stock of $0.14 per share. The cash dividend will be payable on March 14, 2024 to stockholders of record as of the close of business on March 4, 2024. Announcement • Feb 06
Richmond Mutual Bancorporation, Inc., Annual General Meeting, May 15, 2024 Richmond Mutual Bancorporation, Inc., Annual General Meeting, May 15, 2024. Reported Earnings • Jan 26
Full year 2023 earnings released: EPS: US$0.91 (vs US$1.20 in FY 2022) Full year 2023 results: EPS: US$0.91 (down from US$1.20 in FY 2022). Revenue: US$41.7m (down 9.3% from FY 2022). Net income: US$9.49m (down 27% from FY 2022). Profit margin: 23% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: US$0.19 (vs US$0.30 in 3Q 2022) Third quarter 2023 results: EPS: US$0.19 (down from US$0.30 in 3Q 2022). Revenue: US$10.2m (down 10% from 3Q 2022). Net income: US$1.95m (down 38% from 3Q 2022). Profit margin: 19% (down from 28% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 18
Richmond Mutual Bancorporation, Inc. Declares Cash Dividend on Common Stock, Payable on December 14, 2023 Richmond Mutual Bancorporation, Inc. announcing the declaration of a cash dividend on the Company’s common stock of $0.14 per share, payable on December 14, 2023 to stockholders of record as of November 30, 2023. Recent Insider Transactions • Oct 27
Independent Director recently bought US$100k worth of stock On the 24th of October, Harold Hanley bought around 10k shares on-market at roughly US$9.66 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$239k more in shares than they have sold in the last 12 months. Announcement • Oct 21
Richmond Mutual Bancorporation, Inc. Announces Net Charge-Offs for the Third Quarter of 2023 Richmond Mutual Bancorporation, Inc. announced net charge-offs for the third quarter of 2023. Net charge-offs during the third quarter of 2023 were $299,000, compared to net charge-offs of $25,000 in the third quarter of 2022. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: US$0.19 (vs US$0.30 in 3Q 2022) Third quarter 2023 results: EPS: US$0.19 (down from US$0.30 in 3Q 2022). Revenue: US$10.2m (down 10% from 3Q 2022). Net income: US$1.95m (down 38% from 3Q 2022). Profit margin: 19% (down from 28% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.14 per share at 5.0% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 14 September 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (3.6%). Announcement • Aug 17
Richmond Mutual Bancorporation, Inc. Declares Cash Dividend on Common Stock, Payable on September 14, 2023 Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend on common stock of $0.14 per share. The cash dividend will be payable on September 14, 2023 to stockholders of record as of the close of business on August 31, 2023. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$0.26 (vs US$0.32 in 2Q 2022) Second quarter 2023 results: EPS: US$0.26 (down from US$0.32 in 2Q 2022). Revenue: US$10.5m (down 8.3% from 2Q 2022). Net income: US$2.69m (down 23% from 2Q 2022). Profit margin: 26% (down from 30% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 24
Upcoming dividend of US$0.14 per share at 5.0% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (3.7%). Announcement • May 18
Richmond Mutual Bancorporation, Inc. Declares Cash Dividend, Payable on June 15, 2023 Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend on company's common stock of $0.14 per share. The cash dividend will be payable on June 15, 2023, to stockholders of record as of the close of business on June 1, 2023. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: US$0.27 (vs US$0.27 in 1Q 2022) First quarter 2023 results: EPS: US$0.27. Revenue: US$10.8m (down 2.6% from 1Q 2022). Net income: US$2.90m (down 3.8% from 1Q 2022). Profit margin: 27% (in line with 1Q 2022). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$10.52, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 9x in the Banks industry in the US. Total returns to shareholders of 9.2% over the past three years. Recent Insider Transactions • Mar 10
Executive VP & CFO recently sold US$53k worth of stock On the 7th of March, Donald Benziger sold around 4k shares on-market at roughly US$12.82 per share. This transaction amounted to 9.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Donald's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Mar 06
Executive VP & CFO notifies of intention to sell stock Donald Benziger intends to sell 4k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of March. If the sale is conducted around the recent share price of US$13.38, it would amount to US$56k. Since March 2022, Donald has owned 43.60k shares directly. Company insiders have collectively bought US$51k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 07
Richmond Mutual Bancorporation, Inc., Annual General Meeting, May 17, 2023 Richmond Mutual Bancorporation, Inc., Annual General Meeting, May 17, 2023. Announcement • Jan 28
Richmond Mutual Bancorporation, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022 Richmond Mutual Bancorporation, Inc. reported net charge-offs for the fourth quarter ended December 31, 2022. For the quarter, the company reported net charge-offs of $143,000. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$1.20 (vs US$0.98 in FY 2021) Full year 2022 results: EPS: US$1.20 (up from US$0.98 in FY 2021). Revenue: US$45.9m (up 7.3% from FY 2021). Net income: US$13.0m (up 16% from FY 2021). Profit margin: 28% (up from 26% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (3.0%). Announcement • Nov 17
Richmond Mutual Bancorporation, Inc. Declares Quarterly Cash Dividend, Payable on December 15, 2022 Richmond Mutual Bancorporation, Inc. declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.10 per share. The cash dividend will be payable on December 15, 2022 to stockholders of record as of the close of business on December 1, 2022. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Harold Hanley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: US$0.30 (vs US$0.28 in 3Q 2021) Third quarter 2022 results: EPS: US$0.30 (up from US$0.28 in 3Q 2021). Net income: US$3.16m (up 2.5% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.1%). In line with average of industry peers (3.1%). Announcement • Aug 18
Richmond Mutual Bancorporation, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2022 Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.10 per share. The cash dividend will be payable on September 15, 2022 to stockholders of record as of the close of business on September 1, 2022. Announcement • Jul 24
Richmond Mutual Bancorporation, Inc. Announces Net Charge-Offs for the Second Quarter Ended June 30, 2022 Richmond Mutual Bancorporation, Inc. announced net charge-offs for the second quarter ended June 30, 2022. Net charge-offs during the second quarter of 2022 were $136,000, compared to net recoveries of $9,000 during the first quarter of 2022 and net charge-offs of $58,000 in the second quarter of 2021. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$0.32 (vs US$0.24 in 2Q 2021) Second quarter 2022 results: EPS: US$0.32 (up from US$0.24 in 2Q 2021). Revenue: US$11.5m (up 14% from 2Q 2021). Net income: US$3.49m (up 25% from 2Q 2021). Profit margin: 30% (up from 28% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 26
Richmond Mutual Bancorporation, Inc.(NasdaqCM:RMBI) dropped from Russell Microcap Value Index Richmond Mutual Bancorporation, Inc.(NasdaqCM:RMBI) dropped from Russell Microcap Value Index Upcoming Dividend • May 25
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 16 June 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.1%). In line with average of industry peers (2.9%). Announcement • May 19
Richmond Mutual Bancorporation, Inc. Announces Quarterly Dividend, Payable on June 16, 2022 Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.10 per share. The cash dividend will be payable on June 16, 2022 to stockholders of record as of the close of business on June 2, 2022. Recent Insider Transactions • Apr 28
Independent Director recently bought US$90k worth of stock On the 27th of April, Jeffrey Jackson bought around 6k shares on-market at roughly US$16.44 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$271k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.27 (vs US$0.22 in 1Q 2021) First quarter 2022 results: EPS: US$0.27 (up from US$0.22 in 1Q 2021). Revenue: US$11.1m (up 7.7% from 1Q 2021). Net income: US$3.02m (up 18% from 1Q 2021). Profit margin: 27% (up from 25% in 1Q 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Harold Hanley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 04
Full year 2021 earnings released: EPS: US$0.98 (vs US$0.82 in FY 2020) Full year 2021 results: EPS: US$0.98 (up from US$0.82 in FY 2020). Revenue: US$42.2m (up 15% from FY 2020). Net income: US$11.1m (up 11% from FY 2020). Profit margin: 26% (down from 27% in FY 2020). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.34% (up from 3.28% in FY 2020). Cost-to-income ratio: 65.7% (up from 59.9% in FY 2020). Non-performing loans: 0.93% (up from 0.63% in FY 2020). Recent Insider Transactions • Mar 13
Executive VP & CFO recently sold US$59k worth of stock On the 10th of March, Donald Benziger sold around 3k shares on-market at roughly US$17.02 per share. This was the largest sale by an insider in the last 3 months. This was Donald's only on-market trade for the last 12 months. Upcoming Dividend • Feb 23
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 02 March 2022. Payment date: 17 March 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (3.6%). Lower than average of industry peers (2.3%). Announcement • Feb 17
Richmond Mutual Bancorporation, Inc. Increases Quarterly Dividend, Payable on March 17, 2022 Richmond Mutual Bancorporation, Inc. announced that its Board of Directors has declared a cash dividend on Richmond Mutual Bancorporation common stock of $0.10 per share, which represents a 43% increase over the $0.07 per share quarterly dividend declared in November 2021. The cash dividend will be payable on March 17, 2022 to stockholders of record as of the close of business on March 3, 2022. Announcement • Feb 08
Richmond Mutual Bancorporation, Inc., Annual General Meeting, May 18, 2022 Richmond Mutual Bancorporation, Inc., Annual General Meeting, May 18, 2022. Reported Earnings • Jan 29
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.98 (up from US$0.82 in FY 2020). Revenue: US$42.2m (up 15% from FY 2020). Net income: US$11.1m (up 11% from FY 2020). Profit margin: 26% (down from 27% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Board Change • Dec 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Harold Hanley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 01 December 2021. Payment date: 16 December 2021. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (2.2%). Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS US$0.28 (vs US$0.21 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$10.6m (up 16% from 3Q 2020). Net income: US$3.08m (up 22% from 3Q 2020). Profit margin: 29% (up from 28% in 3Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Sep 04
Independent Director recently bought US$155k worth of stock On the 2nd of September, Harold Hanley bought around 10k shares on-market at roughly US$15.48 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$239k more in shares than they have sold in the last 12 months. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 01 September 2021. Payment date: 16 September 2021. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (2.3%). Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS US$0.24 (vs US$0.20 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$10.3m (up 21% from 2Q 2020). Net income: US$2.78m (up 11% from 2Q 2020). Profit margin: 27% (down from 30% in 2Q 2020). The decrease in margin was driven by higher expenses.