Richmond Mutual Bancorporation Inc. (RMBI)
NASDAQ (CM) NASDAQ (CM) Primary Summary
Richmond Mutual Bancorporation: Interesting Yield Is Still Not Enough To Offset Potential Lower Rates Ahead
Richmond Mutual Bancorporation lacks a competitive edge and is highly exposed to interest rates, limiting its growth prospects and investment appeal. Recent margin expansion and stable asset base have supported earnings, but expected Fed rate cuts pose a headwind for future profitability. The bank's efficiency ratio has improved, but remains below peers, and efforts to diversify revenue streams beyond net interest income have been largely unsuccessful.
Richmond Mutual Bancorporation: Risk-Return Profile Not Attractive For Long-Term Investors
Richmond Mutual Bancorporation's dividend yield has decreased to 3.8% due to a 30% share price increase, making it less attractive to long-term investors. The bank's financial performance has been underwhelming, with low ROE and overvaluation based on its price to book value multiple. Richmond's net interest margin has declined due to rising deposit costs, and its earnings growth is pressured by weak net interest income.
Richmond Mutual Bancorporation: Time To Take Profits
Richmond Mutual Bancorporation, Inc. offers a high dividend yield, but deteriorating fundamentals make it a less attractive income pick in the banking sector. Recent financial performance shows declining net interest income, low non-interest income, and increasing operating expenses, leading to lower profitability and questionable dividend sustainability. With weak growth prospects and potential issues with its dividend, Richmond's stock valuation near book value may not be justified, making it a less favorable investment option.
Richmond Mutual Bancorporation Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JC Joseph Castro Nuveen LLC | 11,813 | $163,019 | $173,887.36 | $10,868.36 | 6.67% |
| AI Ana-Maria Ignat Covestor Ltd | 80 | $1,136.8 | $1,187.2 | $50.4 | 4.43% |
 Alexandra Stickelman Root Financial Partners, LLC | 2 | $27 | $29.44 | $2.44 | 9.04% |
 Dennis Mason VISTA INVESTMENT PARTNERS II, LLC | 34,605 | $489,151.46 | $511,115.85 | $21,964.39 | 4.49% |
 TIMOTHY BURKETT KEELER & NADLER FINANCIAL PLANNING & WEALTH MANAGEMENT | 43,004 | $642,970.58 | $633,018.88 | -$9,951.7 | -1.55% |
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Richmond Mutual Bancorporation Inc. Profile
| Banks Industry | Financials Sector | Garry D. Kleer CEO | NASDAQ (CM) Exchange | 76525P100 CUSIP |
| US Country | 171 Employees | 3 Jun 2026 Last Dividend | - Last Split | 2 Jul 2019 IPO Date |
Overview
Richmond Mutual Bancorporation, Inc. is a distinguished bank holding company for First Bank Richmond, showcasing a long-standing history since its founding in 1887. This institution is a pillar in the banking sector, headquartered in Richmond, Indiana. It sets itself apart by offering a diverse range of banking services that cater to both individual and business needs. The organization's commitment to serving its community is evident through its comprehensive suite of financial products and personalized services, gearing towards fostering financial growth and stability for its clientele.
Products and Services
- Deposit Accounts: Richmond Mutual Bancorporation provides a variety of deposit accounts including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. These offerings are designed to meet the varied needs of its customers, providing secure and convenient options for managing funds.
- Lending Products: The company's lending portfolio encompasses a wide range of products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans. These lending solutions are tailored to support the financial goals of individuals and businesses, enabling growth and development within the community.
- Lease Financing: Engaging in the lease financing business, Richmond Mutual Bancorporation offers alternative financing options for businesses seeking to acquire equipment or vehicles, facilitating operational efficiency and expansion.
- Fee-based Financial Services: In addition to traditional banking services, the company offers a suite of fee-based financial services. This includes trust and estate administration, investment management, retirement plan administration, and private banking services. These offerings are geared towards providing comprehensive financial planning and wealth management solutions to its clientele.
