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Richmond Mut Bancorporation - RMBI STOCK NEWS

Welcome to our dedicated page for Richmond Mut Bancorporation news (Ticker: RMBI), a resource for investors and traders seeking the latest updates and insights on Richmond Mut Bancorporation stock.

Overview

Richmond Mutual Bancorporation (RMBI) is a United States-based mutual banking company with deep roots in community banking. As the holding company for First Bank Richmond, it offers a comprehensive suite of traditional financial and trust services anchored by a strong community presence. With branches located across strategic markets in Indiana and Ohio, the institution is committed to servicing both individual depositors and commercial clients with a focus on personalized, community-oriented banking.

Core Business Operations

The company’s principal business model revolves around attracting deposits—from both general public and brokered sources—and investing these funds predominantly in various loan products. These include loans secured by commercial and multi-family real estate, first mortgages on owner-occupied residences, and a broad assortment of consumer, commercial, and industrial loans. This diversified approach allows RMBI to manage its interest-earning assets effectively while maintaining a strong focus on risk management and loan portfolio quality.

Market Position and Community Focus

Richmond Mutual Bancorporation distinguishes itself with a community banking model that emphasizes local engagement and service excellence. Its eight branches, along with additional locations in neighboring regions, serve as vital hubs for traditional banking, offering personalized financial services tailored to meet the specific needs of local consumers and businesses. By leveraging geographic and demographic insights, the institution has established itself as a trusted player in the regional banking landscape.

Business Model and Revenue Generation

RMBI generates revenue primarily through interest income on loans, leases, and other interest-earning assets. It balances these earnings against the costs of interest-bearing liabilities, employing meticulous strategies to manage net interest margins. In addition to its core lending operations, noninterest income from service fees, deposit account charges, and other banking services further diversify its earnings base, underlining a resilient and multifaceted business model.

Risk Management and Credit Portfolio

The company’s prudent risk management practices are evident in its conservative approach to credit losses and robust underwriting standards. By continuously monitoring market conditions and credit metrics, RMBI adapts to shifts in economic and interest rate environments, ensuring that its loan portfolio remains sustainable. This vigilance is a key component of its commitment to maintaining a high-quality asset base and managing potential risks without compromising its service commitment to local communities.

Industry Terminology and Operational Expertise

Richmond Mutual Bancorporation operates in a highly competitive segment of the banking industry. Terms such as "net interest margin," "credit loss provisioning," and "asset-liability management" are integral to understanding its operations. The company’s detailed operational reports and strategic financial decisions reflect an advanced level of expertise that reinforces its position as a knowledgeable and methodical financial institution.

Customer and Investor Insights

For customers, RMBI offers the benefits of personalized banking and a commitment to community development. Investors and market researchers gain insight into a company that balances traditional banking values with sophisticated financial strategies. Through consistent performance and transparent business operations, Richmond Mutual Bancorporation serves as an informative case study in effective regional banking.

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Richmond Mutual Bancorporation, Inc. (RMBI) declares a cash dividend of $0.14 per share, payable on March 14, 2024, to stockholders of record as of March 4, 2024.
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Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) has scheduled its annual meeting of shareholders for May 15, 2024. The voting record date for shareholders entitled to vote at the annual meeting will be March 28, 2024.
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Richmond Mutual Bancorporation, Inc. announced net income of $1.9 million for Q4 2023, compared to $1.9 million in Q3 2023 and $3.3 million in Q4 2022. Annual net income was $9.5 million for 2023, down from $13.0 million in 2022. Assets totaled $1.5 billion, nonperforming loans and leases were 0.72% of total loans and leases, and deposits totaled $1.0 billion at the end of 2023.
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Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) Declares $0.14 Cash Dividend Per Share
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Richmond Mutual Bancorporation reports net income of $1.9 million for Q3 2023
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Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) has declared a cash dividend of $0.14 per share on its common stock. The dividend will be payable on September 14, 2023, to stockholders of record as of August 31, 2023.
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FAQ

What is the current stock price of Richmond Mut Bancorporation (RMBI)?

The current stock price of Richmond Mut Bancorporation (RMBI) is $12.24 as of April 3, 2025.

What is the market cap of Richmond Mut Bancorporation (RMBI)?

The market cap of Richmond Mut Bancorporation (RMBI) is approximately 132.4M.

What is Richmond Mutual Bancorporation?

Richmond Mutual Bancorporation (RMBI) is a United States-based mutual banking company that serves local communities through traditional banking and financial services. It functions primarily as the holding company for First Bank Richmond.

What core services does RMBI offer?

RMBI offers a wide range of conventional banking services including deposit accounts, various consumer and commercial loans, and trust services. Their service model emphasizes personalized, community-driven financial support.

How does the company generate its revenue?

The company generates revenue mainly through interest earned on a diversified loan portfolio comprising commercial real estate, residential mortgages, and consumer loans. Additional revenue is derived from noninterest income such as service fees and account charges.

What is the business model of Richmond Mutual Bancorporation?

Its business model is based on attracting deposits and allocating these funds into a wide spectrum of loan products. This model supports both individual and commercial lending while leveraging strong community ties to create sustainable financial growth.

What regions does RMBI serve?

RMBI is headquartered in Richmond, Indiana, and operates branches in several key locations across Indiana and Ohio. This regional focus supports its community-oriented approach and localized banking expertise.

How does RMBI manage credit risk?

The company employs rigorous underwriting standards and continuous monitoring of credit metrics. By maintaining a conservative credit loss provisioning strategy and disciplined asset-liability management, RMBI mitigates potential risks effectively.

What differentiates RMBI from its competitors?

RMBI stands out due to its strong community focus, diversified loan portfolio, and commitment to transparent, conservative financial management. Its in-depth understanding of regional market dynamics bolsters its reputation among local consumers and investors.

How is First Bank Richmond related to RMBI?

First Bank Richmond is the community-focused operating arm of Richmond Mutual Bancorporation. Serving as the primary face of the bank, it delivers traditional financial services and trust solutions directly to local customers.
Richmond Mut Bancorporation

Nasdaq:RMBI

RMBI Rankings

RMBI Stock Data

132.35M
8.92M
14.55%
22.43%
0.58%
Banks - Regional
State Commercial Banks
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United States
RICHMOND