Richmond Mutual Q3 Profit Falls to $1.7M on $6.1M Credit Provision
Richmond, Indiana – October 31, 2026 -- Richmond Mutual Bancorporation (NASDAQ: RMBI) reported third-quarter 2026 net income of $1.7 million, or $0.11 per diluted share, down from $3.6 million, or $0.36, a year earlier. A $6.1 million credit-loss provision and $3.0 million of nonrecurring merger costs outweighed a near-doubling of net interest income after the Farmers Bancorp acquisition.
Second-quarter net income was $2.2 million, or $0.22 per share. For the nine months ended September 30, net income fell to $6.8 million, or $0.56 per share, from $8.2 million, or $0.82, in the same period of 2025.