RICHMOND MUTUAL BANCORPORATION INC (RMBI)
Financials · regional banks · NASDAQ
A community banking organization providing localized financial services, recently expanded through the strategic merger with Farmers Bancorp.
What RICHMOND MUTUAL BANCORPORATION INC does
Richmond Mutual Bancorporation is the holding company for First Bank Midwest (formerly First Bank Richmond), a community-focused financial institution. It provides a range of commercial and consumer banking services, including loan and deposit products, to businesses and individuals within its market areas.
Recent developments
On July 1, 2026, the company completed its merger with The Farmers Bancorp, with the combined bank now operating as First Bank Midwest. The second quarter 2026 financial results include $1.9 million in non-recurring merger-related expenses.
From RICHMOND MUTUAL BANCORPORATION INC's filing of 2026-08-13.
Themes: community banking, bank mergers and acquisitions, loan portfolio growth
Fundamentals
- Price$15.32 as of 2026-10-09 close
- Market cap$257M as of 2026-08-13 (share count; price 2026-10-09)
- 1-year return+9.2% 2025-10-09 close $14.03 → 2026-10-09 close $15.32
- P/E12.17 as of 2026-10-09
- ROE+7.9% FY2025, SEC XBRL
- Debt / equity0.01 as of 2026-09-02
- Revenue growth (YoY)+12.9% as of 2026-09-02
- Beta0.39 as of 2026-09-02
- Last reported earnings2026-07-27 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +3.8%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
How RMBI compares in its sector
- price-to-earnings ratiomiddle range 513 covered Financials peers, as of 2026-10-09
- return on equitymiddle range 559 covered Financials peers, as of 2026-09-02
- indicated dividend yieldtop 25% 468 covered Financials peers, as of 2026-09-02
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 430 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, RMBI's dividend was covered by reported results (earnings payout 50%, free-cash-flow payout 40%). This describes past coverage, not a forecast.
- Earnings payout50% dividends / net income
- Free-cash-flow payout40% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How RICHMOND MUTUAL BANCORPORATION INC looks technically
RICHMOND MUTUAL BANCORPORATION INC (RMBI) is trading 3.9% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 109 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 2 trading days ago (its momentum flipped positive). It made a new 20-day low about 8 trading days ago. Trading volume is unusually light — only about 40% of its 30-day average.
Trend
8
| Distance from the 200-day | it is trading 3.9% above its 200-day average, the long-term trend line — a longer-term uptrend | +3.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $15.70 | $15.70 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $14.74 | $14.74 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 8 calendar days ago — the swings before that are what the structure reading is measured on | 8 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 14.62. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 109 trading days ago — a "golden cross", a bullish long-term signal | 109 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend) | 15.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30) | 46.9 |
|---|---|---|
| Position in its 14-day range | it is trading around the middle of its 14-day range ($14.62 to $16.06) — its "stochastic" reading is 49 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 48.6 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 2 trading days ago (its momentum flipped positive) | 2 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $16.59 | $16.59 |
|---|---|---|
| From the 52-week high | it is 7.7% below its 52-week high (its highest price of the past year) | -7.7% |
| Above the 52-week low | it is 20.0% above its 52-week low (its lowest price of the past year) | +20.0% |
| Below the 52-week high | it is 7.7% below its highest point of the past year | 7.7% |
| Since a 20-day breakout | it made a new 20-day low about 8 trading days ago | 8 sessions |
| Since a 55-day breakout | it made a new 55-day low about 8 trading days ago | 8 sessions |
| All-time high | its highest closing price on record is $18.16 (set on 2022-03-04) | $18.16 |
| Given back of the 52-week move | over the past year its closes ranged ($12.92 to $16.19), and it has given back roughly a quarter of its rise from last year’s low — 27% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $14.06 to $14.17. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 26.6% |
| From the all-time high | it is 15.6% below its all-time high | -15.6% |
| Nearest price level | it is trading 1.0% above a support level at $15.16 — a price it turned at three times since 2024-12-02, most recently on 2025-09-23. Since 2024-10-09 it has 8 such levels below the current price and 2 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -1.0% |
| All-time low | its lowest closing price on record is $8.61 (set on 2023-05-04) | $8.61 |
| Above the all-time low | it is 77.9% above its all-time low | +77.9% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 51st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.3379 between its high and its low — about 2.2% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.3379 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $14.69 and $16.14 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $14.69 – $15.41 – $16.14 |
| Typical daily range (% of price) | its price moves about 2.2% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.2% |
| Stretch from the 200-day average | it is trading 1.7 daily ranges above its 200-day average price (3.9% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.7 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is unusually light — only about 40% of its 30-day average | 0.40× |
|---|
Candlestick patterns
2
| Since a doji | today it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | today |
|---|---|---|
| Since a bullish engulfing | 6 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 6 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-09 0.4% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.4% |
|---|---|---|
| Gap filled | a 2.8% gap down opened on 2026-07-20 has been "filled" 58 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 58 sessions ago |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 4.2 percentage points (the stock lost 2.0% while the market gained 2.1%) | -4.2% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 2.2 percentage points (the stock gained 1.4% while the market gained 3.6%) | -2.2% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 4.5 percentage points (the stock gained 10.0% while the market gained 14.5%) | -4.5% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 6.8 percentage points (the stock gained 9.2% while the market gained 16.0%) | -6.8% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, MACD momentum is positive — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 1.3% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-02 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 2.4% of the share price. | -1.3% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is sitting right on the average price paid so far this year, so the typical buyer over that stretch is roughly break-even. That average is $15.27 — a volume-weighted average of daily closes over 189 sessions, not a true tick-by-tick VWAP. | +0.3% |
|---|
Price levels it has turned at before
RMBI last closed at $15.32 on 2026-10-09. Since 2024-10-09 it has turned at 8 prices below its last close and 2 above; the 3 nearest below and the 2 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $15.16 | Support | 1.0% below the last close | turned there three times · 2024-12-02 to 2025-09-23 |
| $15.65 | Resistance | 2.1% above the last close | turned there twice · 2026-08-21 to 2026-09-10 |
| $14.83 | Support | 3.2% below the last close | turned there six times · 2025-02-03 to 2026-07-21 |
| $16.19 | Resistance | 5.7% above the last close | turned there 7 times · 2026-05-01 to 2026-09-18 |
| $14.42 | Support | 5.8% below the last close | turned there 14 times · 2024-12-31 to 2026-10-01 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $14.62.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 2 trading days, since 2026-10-08.
Read from daily closes as of 2026-10-09.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · MACD just crossed bullish (12/26/9) · trendless / choppy (low ADX) · Printed a doji candle · Trading at this year’s average price paid (anchored VWAP) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout · volume and relative volume
Based on daily closing prices as of 2026-10-09. Describes past price behavior only — informational, not financial advice.
Key risks (from latest filing)
["exposure to economic conditions in local markets and real estate market fluctuations","interest rate risk and its impact on net interest margins","risks associated with integrating acquired entities, such as Farmers Bancorp"]
What changed in the latest 10-Q
AI-assisted comparison of RMBI's 10-Q filed 2026-05-12 against the prior one filed 2025-11-10.
Management's Discussion & Analysis (MD&A)
- Added:
- Further, statements about the potential effects of the Company's proposed merger with The Farmers Bancorp, Frankfort, Indiana ('Farmers Bancorp') on the Company's business, financial results, and condition may constitute forward-looking statements and are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in the forward-looking statements due to factors and future developments which are uncertain, unpredictable and in many cases beyond the Company (filed 2026-05-12)
- Removed:
- We undertake no obligation to publicly update or revise any forward-looking statements included in this report or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed in this report might not occur and you should not put undue reliance o (filed 2025-11-10)
- Reworded:
- Reference period changed from 'September 30, 2025' to 'March 31, 2026' in General section opening (filed 2026-05-12 vs 2025-11-10)
- Comparison periods changed from 'three and nine month periods ended September 30, 2025, compared to the same periods in 2024' to 'three month periods ended March 31, 2026, compared to the same periods in 2025' (filed 2026-05-12 vs 2025-11-10)
- Form 10-K reference changed from 'year ended December 31, 2024 ("2024 Form 10-K")' to 'year ended December 31, 2025 ("2025 Form 10-K")' (filed 2026-05-12 vs 2025-11-10)
- SEC reference expanded from 'Securities and Exchange Commission ("SEC")' to full form with acronym in parentheses placement slightly adjusted (filed 2026-05-12 vs 2025-11-10)
- Notes:
- The newer filing text appears truncated at the merger statement section, preventing full assessment of whether the forward-looking statement disclaimer was removed or relocated
- Page number references differ (29-30 in newer vs 31-32 in older), which is expected given different reporting periods
Risk Factors
- Added:
- Newer filing (2026-05-12) contains financial statements dated March 31, 2026 and December 31, 2025
- Newer filing includes three-month comparative period ending March 31, 2026 vs. March 31, 2025
- Newer filing shows Cash and due from banks of $9,699,813 at March 31, 2026
- Newer filing shows Total assets of $1,519,216,384 at March 31, 2026
- Newer filing shows Total deposits of $1,106,365,361 at March 31, 2026
- Newer filing shows Total stockholders' equity of $144,910,413 at March 31, 2026
- Newer filing shows Net income of $2,785,291 for three months ended March 31, 2026
- Newer filing shows provision for credit losses of $693,094 for Q1 2026
- Newer filing includes statement showing Other borrowings of $0 at March 31, 2026 (compared to $12,000,000 at December 31, 2025)
- Removed:
- Older filing (2025-11-10) contained financial statements dated September 30, 2025 and December 31, 2024
- Older filing contained three-month and nine-month comparative periods ending September 30, 2025 vs. September 30, 2024
- Older filing showed Cash and due from banks of $11,415,968 at September 30, 2025
- Older filing showed Total assets of $1,525,565,364 at September 30, 2025
- Older filing showed Total deposits of $1,118,258,347 at September 30, 2025
- Older filing showed Total stockholders' equity of $140,035,176 at September 30, 2025
- Older filing showed Net income of $3,597,006 for three months ended September 30, 2025
- Older filing showed nine-month financial data for 2025 and 2024
- Older filing included net gains (losses) on securities line item in non-interest income
- Reworded:
- Newer filing shows 'provision for credit losses' while older filing shows 'provision for (reversal of) credit losses' reflecting different accounting treatment periods
- Newer filing's non-interest income excludes detailed net gains/losses on securities detail that appeared in older filing
- Newer filing shows Real estate owned expense of $12,215 vs. older filing showing $8,425 for comparable three-month period
- Notes:
- The two filings report different fiscal periods (Q1 2026 vs. Q3 2025), making direct operational comparisons limited
- Comparison is between a Q1 10-Q filing and a Q3 10-Q filing from different years
- Risk Factors section headers appear substantially identical between filings but content not provided in excerpts
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
1 open-market purchase and 0 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-05. The 6 days since 2026-10-05 have not been checked yet.
- Last 90 days · read to 2026-10-051 buy ($39794) · 0 sells — 1 buying insider
- Last 180 days · read to 2026-10-052 buys ($61327) · 0 sells — 2 buying insiders
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-10. Based on Form 4 filings read through 2026-10-05; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about RMBI's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding RMBI as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 783,852
- Reported value $12,447,569
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 3 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about RMBI's institutional holders → See what each manager we track holds →
Short interest (FINRA)
RMBI had 248,765 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
RMBI had 1.48% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.45 days to cover at the same settlement.
- Reported short interest (shares) 248,765
- Short interest (% of shares outstanding) 1.48%
- Prior settlement (shares) 180,279
- Reported change 37.99%
- Days to cover (reported) 2.45
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Old National Bancorp (ONB)
- First Financial Bancorp (FFBC)
- Independent Bank Corporation (IBCP)
- German American Bancorp (GABC)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare RMBI vs…
Frequently asked questions
What does RICHMOND MUTUAL BANCORPORATION INC (RMBI) do?
Richmond Mutual Bancorporation is the holding company for First Bank Midwest (formerly First Bank Richmond), a community-focused financial institution. It provides a range of commercial and consumer banking services, including loan and deposit products, to businesses and individuals within its market areas.
What sector is RICHMOND MUTUAL BANCORPORATION INC (RMBI) in?
RICHMOND MUTUAL BANCORPORATION INC (RMBI) is classified in the Financials sector. Its industry is regional banks. It trades on NASDAQ.
Does RMBI pay a dividend?
Yes — RICHMOND MUTUAL BANCORPORATION INC (RMBI) pays a dividend, with an indicated yield of about 3.80% and 4-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-02). Informational only — not financial advice.
Who are RICHMOND MUTUAL BANCORPORATION INC's (RMBI) competitors?
Notable peers of RICHMOND MUTUAL BANCORPORATION INC (RMBI) include Old National Bancorp, First Financial Bancorp, Independent Bank Corporation and German American Bancorp. This peer set is informational only — not financial advice.
Is RICHMOND MUTUAL BANCORPORATION INC (RMBI) overbought or oversold right now?
RICHMOND MUTUAL BANCORPORATION INC (RMBI) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 47, in the neutral middle (as of 2026-10-09). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on RMBI come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.