Richmond Mutual Bancorporation, Inc. · NASDAQ:RMBI
Richmond Mutual Bancorporation — Eden Capital Management Investor Day Conference January 2026
22 slides from Richmond Mutual Bancorporation's conference presentation, Jan 15, 2026
Slide 1: Eden Capital Management Investor Day Conference January 2026
Eden Capital Management Investor Day Conference January 2026 This presentation contains public information only and is for informational purposes. • Presenters: • Garry D. Kleer, President and CEO of Richmond Mutual Bancorporation • Bradley M. Glover, CFO of Richmond Mutual Bancorporation
Slide 2: Disclosures: Forward-Looking Statements
Disclosures FORWARD-LOOKING STATEMENTS This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the expected timing and benefits of the proposed merger between Richmond Mutual Bancorporation, Inc. (
Slide 3: Disclosures (continued): Additional Information About the Merger
Disclosures (continued) Additional Information About the Merger and Where to Find It This document does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or approval with respect to the proposed transaction. In connection
Slide 4: Today's Agenda
Today’s Agenda 4 1. Who We Are 2. Company Snapshot 3. Market Position & Competitive Strengths 4. Announced Merger with The Farmers Bancorp / The Farmers Bank 5. Long-term Strategic Vision 6. Closing Remarks / Q&A
Slide 5: History
History 5 • 1887 – Founded in Richmond, Indiana • 1935 – Converted to a federal mutual savings & loan • 1993 – Became a state-chartered mutual savings bank; renamed First Bank Richmond • 2007 – Expanded into Ohio through acquisition of Mutual Federal Savings Bank • 2019 – Converted to a stock holdin
Slide 6: Where We Operate (Markets & Footprint)
Where We Operate (Markets & Footprint) 6 • Branch network: 14 branches • Indiana presence: Cambridge City, Centerville, Richmond (5), Shelbyville • Ohio presence (Mutual Federal division): Sidney (2), Piqua (2), Troy, Columbus • 179 full-time equivalent employees as of 9/30/2025
Slide 7: Business Model
Business Model 7 Relationship-driven community banking • Core deposit gathering + lending focused in our primary markets • Loan mix includes commercial & multi-family RE, C&I, residential mortgage, consumer Trust / wealth management • Trust & estate administration, investment management, retirement
Slide 8: Shareholder-Friendly Capital Return (Dividends + Repurchases)
Shareholder-Friendly Capital Return (Dividends + Repurchases) 8 $0.15 $0.28 $0.40 $0.56 $0.56 $0.60 $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 2020 2021 2022 2023 2024 2025 Total Quarterly Dividends ~3.6MM SHARES REPURCHASED ~27% REDUCTION IN SHARES OUTSTANDING ~$47.7MM RETURNED VIA REPURCHASES
Slide 9: Company Snapshot (RMBI | 9/30/2025)
Company Snapshot (RMBI | 9/30/2025) 9 Balance Sheet $1.5B Assets $1.2B Loans $1.1B Deposits Profitability (3Q25) 3.07% NIM (ann.) 64.18% Efficiency 10.78% ROE 0.95% ROA 0.71% NPA / Assets 0.90% NPL / Loans 1.37% ACL / Loans Asset Quality
Slide 10: Company Snapshot (RMBI | 9/30/2025)
Company Snapshot (RMBI | 9/30/2025) 10(1) Quarterly ratios annualized (1) (1) (1)
Slide 11: Loan & Deposit Composition
Loan & Deposit Composition 11 Demand 10% Other Trans. Accts 13%MMDA + Savings 27% CDs <$100k 33% CDs ≥$100k 17% Loans/ Deposits: 107% MRQ Cost of Total Deposits: 2.82% CLD 6% Resi. 15%OO CRE 12% NOO CRE 23% Multifam. 18% C&I 11% Consumer 2% Other 13% (“MRQ”)Yield: 6.63% Most Recent Quarter Loans Dep
Slide 12: Announced Merger: Overview
Announced Merger: Overview 12 Announced: November 12, 2025 Expected Close: Early Q2 2026 (subject to approvals/conditions) What It Creates • A $2.6B asset community bank with a network of 24 branches across key markets in Central and East Central Indiana as well as Western and Central Ohio Leadershi
Slide 13: Transaction Rationale
Transaction Rationale Strategically Compelling Financially Attractive Creating Shareholder Value • Creates a top-tier community bank in Central and East Central Indiana as well as Western and Central Ohio • Demographically accretive - expanding footprint into Frankfort and surrounding affluent count
Slide 14: Complementary & Diversified Combined Loan Portfolio
CLD 6% Resi. 15% OO CRE 17% NOO CRE 26% Multifam. 13% C&I 12% Consumer 2% Other 9% CLD 6% Resi. 15%OO CRE 12% NOO CRE 23% Multifam. 18% C&I 11% Consumer 2% Other 13% CLD 6% Resi. 13% OO CRE 24% NOO CRE 32% Multifam. 5% C&I 14% Consumer 2% Other 4% Complementary & Diversified Combined Loan Portfolio
Slide 15: High Quality Funding Base
Demand 28% Other Trans. Accts 26% MMDA + Savings 25% CDs <$100k 3% CDs ≥$100k 18% Demand 10% Other Trans. Accts 13%MMDA + Savings 27% CDs <$100k 33% CDs ≥$100k 17% Demand 18% Other Trans. Accts 19% MMDA + Savings 26% CDs <$100k 20% CDs ≥$100k 17% High Quality Funding Base Merger Brings Significant D
Slide 16: Key Merger Terms
Key Merger Terms (1) Based upon 1,844,075 shares outstanding, inclusive of RSUs. (2) Run-Rate is defined as the annualized results for the 3-months ended September 30, 2025. (3) Reflects fully-phased cost savings for illustrative purposes. • 100% Stock • Fixed exchange ratio of 3.4 shares of RMBI co
Slide 17: Merger Drives Returns Towards the Peer Top Quartile
Merger Drives Returns Towards the Peer Top Quartile… Source: S&P Capital IQ Pro. (1) Pro forma impact is presented for illustrative purposes only and is subject to change based on final purchase accounting entries. EPS accretion and profitability metrics are illustrated using the assumptions on page
Slide 18: Creating Significant Upside
… Creating Significant Upside Source: S&P Capital IQ Pro. (1) Peers defined as major exchange traded banks headquarted in the Midwest with $1B - $4B in total assets; excludes merger targets. (2) Pro forma based on RMBI closing price of $13.15 as of 11/10/2025. (3) Pro forma TBVPS reflects purchase a
Slide 19: Impact on Our Key Stakeholders
Impact on Our Key Stakeholders Our Borrowers / Depositors Our Safety & Soundness Our Employees & Culture + Wider product suite and customer service capabilities to benefit existing relationships of each party + Increase in size creates an opportunity to capture additional wallet share from customers
Slide 20: Key Takeaways
Key Takeaways Creates a top-tier community bank focused through Central and East Central Indiana & Western and Central Ohio Financially attractive deal with significant EPS accretion & short TBV earnback Compatible operating and credit cultures with continued focus on communities Enhanced operating
Slide 21: Closing Remarks / Q&A
Closing Remarks Q&A RICHMOND BI MUTUAL BANCORPORATION, INC.
Slide 22: Richmond Mutual Bancorporation, Inc.
RICHMOND fel MUTUAL BANCORPORATION, INC.
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