Business
RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2025 FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS
Richmond Mutual Bancorporation, Inc., a Maryland corporation (the "Company") (NASDAQ: RMBI), parent company of First Bank Richmond, today reported net income of $3.4 million, or $0.35 diluted earnings per share, for the fourth quarter of 2025. This compares to net income of $3.6 million, or $0.36 diluted earnings per share, for the third quarter of 2025, and net income of $2.5 million, or $0.24 diluted earnings per share, for the fourth quarter of 2024. Diluted earnings per share decreased 2.8%
About this update from Richmond Mutual Bancorporation, Inc.
[{"type":"text","content":"RICHMOND, Ind., Jan. 22, 2026 /PRNewswire/ -- Richmond Mutual Bancorporation, Inc., a Maryland corporation (the "Company") (NASDAQ: RMBI), parent company of First Bank Richmond, today reported net income of $3.4 million, or $0.35 diluted earnings per share, for the fourth quarter of 2025. This compares to net income of $3.6 million, or $0.36 diluted earnings per share, for the third quarter of 2025, and net income of $2.5 million, or $0.24 diluted earnings per share, for the fourth quarter of 2024. Diluted earnings per share decreased 2.8% compared to the prior quarter and increased 45.8% compared to the fourth quarter of 2024. Results for the quarter ended December 31, 2025, were negatively impacted by approximately $467,000, pre-tax, in acquisition-related expenses incurred in connection with the Company's previously announced merger with The Farmers Bancorp, Frankfort, Indiana ("Farmers Bancorp"), which reduced diluted earnings per share by approximately $0.04 for the quarter.","length":1028,"tagName":"p"},{"type":"text","content":"The growth in net income and diluted earnings per share for the fourth quarter of 2025 compared to same quarter of 2024, was primarily driven by higher net interest income resulting from an expanded net interest margin, reflecting higher asset yields and lower funding costs.","length":275,"tagName":"p"},{"type":"text","content":"For the year ended December 31, 2025, net income totaled $11.6 million, or $1.17 per diluted earnings share, compared to $9.4 million, or $0.92 per diluted earnings share, for the prior year. The increase in net income and diluted earnings per share for the year ended December 31, 2025, was primarily due to higher net interest income, reflecting an expansion in the net interest margin driven by higher yields on interest-earning assets, particularly loans and leases, partially offset by changes in funding costs.","length":516,"tagName":"p"},{"type":"text","content":"Proposed Merger with The Farmers Bancorp, Frankfort, Indiana","length":60,"tagName":"p"},{"type":"text","content":"On November 11, 2025, the Company entered into an Agreement and Plan of Merger (the "merger agreement") with Farmers Bancorp. The merger agreement provides that, upon the terms and subject to the conditions set forth therein, Farmers Bancorp will merge with...