Richmond Mutual Bancorporation (RMBI)
Operates community banking, trust services, and equipment leasing through First Bank Midwest.
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Provides deposits, commercial and residential lending, equipment leases, and trust services through First Bank Midwest, with branches concentrated in Indiana and Ohio. Commercial real estate and local deposit relationships shape the balance sheet, while the recent Farmers Bancorp merger reset the bank brand.
Runs First Bank Midwest, a community bank offering deposits, commercial and residential lending, consumer credit, equipment lease financing, and trust and wealth services. The holding company kept the Richmond Mutual issuer name after the Farmers Bancorp merger, while the bank brand changed from First Bank Richmond to First Bank Midwest.
Branches are concentrated in Indiana and Ohio, with the pre-merger franchise rooted around Richmond, Shelbyville, Sidney, Piqua, Troy, and Columbus and the merger adding central Indiana markets. Equipment leasing gives the loan book a national small-business dimension.
Balance-sheet performance depends on local deposits, commercial real estate credit, equipment-lease underwriting, and bank regulation. Company leadership is split between Garry D. Kleer at the holding company and Christopher D. Cook at the bank.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $285.4M · Total debt $244.0M · Total assets $1.55B · Shareholders' equity $148.3M
- Revenue
- $23.5M
- Operating income
- $2.7M
- Net income
- $2.2M
Raised for 4 straight years — most recently to $0.15 from $0.14 in Feb 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Sep 3, 2026 | Sep 3 | Sep 17 | $0.15 | |
| Jun 3, 2026 | Jun 3 | Jun 17 | $0.15 | |
| Feb 25, 2026 | Feb 25 | Mar 11 | $0.15 | |
| Dec 4, 2025 | Dec 4 | Dec 18 | $0.15 | |
| Sep 4, 2025 | Sep 4 | Sep 18 | $0.15 | |
| Jun 5, 2025 | Jun 5 | Jun 18 | $0.15 | |
| Feb 26, 2025 | Feb 26 | Mar 12 | $0.15 | raised from $0.14 |
| Dec 5, 2024 | Dec 5 | Dec 19 | $0.14 |
| Institutions77 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 26.36% | 2.77M shares | |
| Insiders14 holders · as of Aug 11, 2026 | 11.69% | 1.23M shares | |
| Strategic holders1 holder · as of Jul 12, 2021 | 0.37% | 39.0K shares | |
| Otherremainder | ≈ 61.58% | 6.47M shares |
10.50M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (10.50M in the company's Sep 3, 2026 report, 16.03M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Richmond Mutual Bancorporation, Inc. Employee Stock Ownership PlanInstitution | 10.30% | 1.08M | 13G/Afiled Feb 10, 2022 ↗ |
TI-TRUST, Inc., as Trustee of the Richmond Mutual Bancorporation, Inc. Employee Stock Ownership PlanInstitution | 10.14% | 1.06M | 13Gfiled Apr 4, 2025 ↗ |
Douglas EdenInsider | 5.94% | 623,419 | 13Gfiled May 27, 2025 ↗ |
BlackRock, Inc.Institution | 5.25% | 550,962 | 13Fas of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.44% | 361,385 | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Jeffrey A. Jackson | director | +2,500 | $15.92 |
| Jun 1, 2026 | E. Michael Blum | director | +1,500 | $14.36 |
| Feb 19, 2026 | William A. Jr. Daily | officer: Market President (West Ohio) | +560 | $14.29 |
| Jan 28, 2026 | William A. Jr. Daily | officer: Market President (West Ohio) | +285 | $14.06 |
- Civista Bancshares
Close Ohio and southeastern Indiana overlap with leasing and wealth
- First Merchants
Central Indiana bank with broad commercial and wealth overlap
- First Financial Bancorp
Ohio and Indiana regional bank with commercial finance overlap
- CF Bankshares
Commercial bank in Ohio metros and Indianapolis
- Horizon Bancorp
Indiana commercial bank with wealth and equipment-finance overlap
- First Financial
Indiana-rooted community bank with deposit and loan overlap
- Peoples Bancorp
Ohio-based bank with CRE, C&I, lease, and wealth overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Richmond Mutual Bancorporation | $15.90 | +1.40% | $254.9M | 13.1 | — | 2.8 | +4.9% |
| Civista Bancshares | $27.68 | +0.88% | $569.7M | 10.2 | 9.8 | 2.5 | +15.0% |
| First Merchants | $41.70 | +1.93% | $2.62B | 13.3 | 9.9 | 2.4 | +23.2% |
| First Financial Bancorp | $32.68 | +2.05% | $3.43B | 11.5 | 10.2 | 2.6 | +16.7% |
| CF Bankshares | $35.25 | +0.57% | $225.6M | 12.0 | 8.9 | 1.8 | +7.5% |
| Horizon Bancorp | $19.65 | −0.06% | $1.01B | — | 9.1 | 10.6 | +16.1% |
| First Financial | $79.90 | +1.55% | $936.7M | 11.0 | 9.9 | 2.8 | +14.0% |
| Peoples Bancorp | $39.26 | −0.56% | $1.42B | 11.9 | 10.6 | 2.4 | +9.4% |
| Median | 11.7 | 9.9 | 2.5 | +15.0% |