Richmond Mutual Bancorporation Inc

RMBI · NASDAQ · Financial Services / Banks - Regional

15.95USD-0.02 (-0.13%)

Price History

Full chart

Market Stats

Previous Close15.97

Open16.05

Day Range15.76 – 16.05

52-Week Range12.26 – 16.43

Volume35.91K

Market Cap242.33M

P/E (TTM)12.39

Forward P/E0.00

EPS1.22

Dividend Yield3.93%

Beta0.31

50-Day Avg15.74

200-Day Avg14.70

About

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.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. Garry D. Kleer
Employees174
Headquarters31 North 9th Street, Richmond, IN, United States, 47374, USA
Websitehttps://www.firstbankrichmond.com

Leadership

Mr. Garry D. KleerChairman & CEO · b. 1956
Mr. Bradley M. GloverSenior VP & CFO · b. 1991
Mr. Paul J. WittePresident & COO of First Bank Richmond · b. 1972
Mr. Christopher D. Cook CPA, M.B.A.President & Director · b. 1973
Mr. Albert E. Fullerton Jr.Senior VP, Chief Information Officer & Information Security Officer of First Bank Richmond · b. 1964
Mr. Alan M. SpearsSenior VP & Chief Wealth Management Officer of First Bank Richmond · b. 1958
Ms. Pamela S. StoopsSenior VP & Retail Lending Manager of First Bank Richmond · b. 1968
Niles E. RichardsSenior Vice President of Risk Management & Credit Review
Ms. Kristi S. HerigSenior VP & Leasing Manager of First Bank Richmond
Lynette K. LafuseSenior Vice President of Compliance at First Bank Richmond

Financials

Income Statement

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	33.04M	39.39M	45.24M	49.54M	51.21M	56.59M	71.82M	85.05M	90.89M
Growth (%)	-	+19.23%	+14.86%	+9.50%	+3.38%	+10.49%	+26.91%	+18.43%	+6.87%
Cost of Revenue	6.62M	9.43M	13.76M	13.16M	9.11M	10.82M	30.28M	42.37M	43.81M
Gross Profit	26.42M	29.95M	31.48M	36.37M	42.10M	45.77M	41.54M	42.68M	47.04M
Gross Margin	79.96%	76.05%	69.59%	73.43%	82.21%	80.88%	57.84%	50.19%	51.76%
Operating Expense	20.73M	23.00M	50.86M	23.88M	28.52M	30.02M	30.53M	31.82M	32.98M
Operating Income	5.69M	6.96M	-19.38M	12.49M	13.58M	15.75M	11.00M	10.86M	14.06M
Operating Margin	17.22%	17.66%	-42.83%	25.22%	26.52%	27.83%	15.32%	12.77%	15.47%
EBITDA	6.91M	8.07M	-18.29M	13.96M	15.12M	17.04M	12.19M	11.91M	14.88M
EBITDA Margin	20.92%	20.49%	-40.42%	28.18%	29.52%	30.11%	16.98%	14.00%	16.37%
Net Income	2.72M	5.68M	-14.08M	10.02M	11.14M	12.96M	9.49M	9.38M	11.58M
Net Income Margin	8.22%	14.42%	-31.13%	20.22%	21.76%	22.91%	13.21%	11.03%	12.74%
Interest Expense	5.25M	7.75M	11.16M	9.39M	7.68M	10.22M	29.75M	41.82M	42.06M
Interest Expense % of Total Revenue	15.89%	19.68%	24.66%	18.96%	15.00%	18.06%	41.42%	49.17%	46.27%

Balance Sheet

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	753.62M	849.62M	986.04M	1.08B	1.27B	1.33B	1.46B	1.50B	1.53B
Total Liabilities	671.82M	763.76M	798.25M	891.48M	1.09B	1.20B	1.33B	1.37B	1.38B
Total Equity	81.80M	85.85M	187.79M	192.71M	180.48M	132.38M	134.86M	132.87M	145.78M
Cash	16.37M	14.97M	40.60M	48.77M	23.04M	16.41M	20.24M	22.06M	35.20M
Total Debt	104.00M	136.10M	154.00M	170.00M	180.00M	180.00M	271.00M	265.00M	252.00M
Net Debt	87.63M	121.13M	113.40M	121.23M	156.96M	163.59M	250.76M	242.94M	216.80M

Cash Flow

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	6.22M	8.46M	10.10M	16.57M	-9.65M	18.16M	12.11M	14.75M	15.97M
Investing Cash Flow	-63.58M	-101.54M	-106.77M	-89.26M	-212.19M	-116.12M	-122.53M	-49.30M	-1.14M
Financing Cash Flow	55.81M	91.88M	122.30M	80.85M	196.11M	90.85M	114.74M	36.06M	-3.46M
Capital Expenditure	534.86K	1.33M	960.00K	1.88M	579.45K	385.10K	619.00K	460.38K	1.36M
Free Cash Flow	5.68M	7.13M	9.14M	14.69M	-10.23M	17.78M	11.49M	14.29M	14.61M
Dividends Paid	500.00K	500.00K	1.84M	1.84M	9.28M	4.41M	5.92M	5.70M	5.84M
FCF to OCF	91.39%	84.30%	90.49%	88.66%	106.01%	97.88%	94.89%	96.88%	91.47%
Dividend Paid to FCF	8.80%	7.01%	20.13%	12.51%	-90.73%	24.80%	51.51%	39.86%	39.95%

Earnings

Report Date	Aug 14, 2019	Nov 14, 2019	Mar 30, 2020	Apr 27, 2020	Jul 23, 2020	Oct 22, 2020	Jan 28, 2021	Apr 22, 2021	Jul 22, 2021	Oct 21, 2021	Jan 27, 2022	Apr 21, 2022	Jul 21, 2022	Oct 20, 2022	Jan 26, 2023	Apr 27, 2023	Jul 25, 2023	Oct 19, 2023	Jan 25, 2024	Apr 25, 2024	Jul 25, 2024	Oct 24, 2024	Jan 23, 2025	Apr 24, 2025	Jul 24, 2025	Oct 23, 2025	Jan 23, 2026	Apr 23, 2026	Jul 27, 2026	Oct 22, 2026
EPS Estimate	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	0.02	-0.24	-1.01	0.20	0.19	0.21	0.21	0.22	0.24	0.27	0.24	0.26	0.31	0.29	0.31	0.27	0.26	0.19	0.19	0.23	0.20	0.24	0.24	0.20	0.26	0.36	0.35	0.28	0.22	-
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-	After-hours	After-hours	After-hours	-	After-hours	-	After-hours

Key Statistics & Ratios

Market Cap242.33M

Enterprise Value447.89M

Trailing P/E12.39

Forward P/E0.00

Price / Sales4.86

Price / Book1.63

EPS1.22

Book Value15.25

Revenue (TTM)49.85M

Gross Profit (TTM)49.85M

Profit Margin24.11%

Operating Margin37.24%

Return on Equity8.57%

Return on Assets0.79%

Shares Outstanding16.04M

Shares Float13.47M

Beta0.31

Dividend Yield3.93%

Dividend Rate0.60

Payout Ratio49.62%

Ownership Breakdown

Institutions: 17.11%
Insiders: 14.75%
Retail / Other: 68.14%

Top Institutional Holders

Vanguard Capital Management, LLC
457.57K2.85%
BlackRock Inc
383.82K2.39%
Geode Capital Management, LLC
192.76K1.20%
Dimensional Fund Advisors, Inc.
152.12K0.95%
Stifel Financial Corp
133.06K0.83%
State Street Corp
117.33K0.73%
Arrowstreet Capital Limited Partnership
91.06K0.57%
PL Capital Advisors, LLC
61.72K0.38%
Northern Trust Corp
56.61K0.35%
Vanguard Fiduciary Trust Co
51.25K0.32%
Vanguard Portfolio Management, LLC
47.58K0.30%
VISTA INVESTMENT PARTNERS II, LLC
40.10K0.25%
Oppenheimer & Close Inc
40.00K0.25%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
265.81K1.66%
iShares Russell 2000 ETF
196.25K1.22%
Fidelity Small Cap Index
93.71K0.58%
iShares Russell 2000 Value ETF
90.61K0.56%
Vanguard Russell 2000 ETF
48.85K0.30%
U.S. Equity Small Cap Corporate Cl OF
44.65K0.28%
Fidelity Extended Market Index
39.45K0.25%

Dividends

20263×

0.15Sep 3, 20260.15Jun 3, 20260.15Feb 25, 2026

20254×

0.15Dec 4, 20250.15Sep 4, 20250.15Jun 5, 20250.15Feb 26, 2025

20244×

0.14Dec 5, 20240.14Sep 4, 20240.14May 30, 20240.14Mar 1, 2024

20234×

0.14Nov 29, 20230.14Aug 30, 20230.14May 31, 20230.14Mar 3, 2023

20224×

0.10Nov 30, 20220.10Aug 31, 20220.10Jun 1, 20220.10Mar 2, 2022

20215×

0.07Dec 1, 20210.07Sep 1, 20210.07Jun 2, 20210.50Apr 20, 20210.07Mar 3, 2021