Richmond Mutual Bancorporation, Inc. (RMBI) 10-Year Financial Performance & Capital Metrics

RMBI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutRichmond Mutual Bancorporation, Inc. operates as a holding company for First Bank Richmond that provides various banking services. The company accepts various deposits, including savings deposit accounts, money market accounts NOW and demand accounts, and certificates of deposit. It also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans. In addition, the company engages in the lease financing business; and provision of fee-based financial services comprising trust and estate administration, investment management, retirement plan administration, and private banking services. It operates through 12 full service and one limited-service banking offices with seven full-service and one limited-service offices located in Indiana; five offices situated in Ohio; one full-service banking office and four other branch offices are located in Richmond, Indiana; two other offices in Cambridge City, Centerville, Richmond, and Shelbyville, Indiana; two offices in Sidney and Ohio; two offices in Piqua and one office in Troy, Ohio; and a loan production office in Columbus, Ohio. Richmond Mutual Bancorporation, Inc. was founded in 1887 and is headquartered in Richmond, Indiana.Show more

Net Interest Income $39M +2.8%
Total Revenue $85M +18.4%
Net Income $9M -1.2%
Return on Equity 7% -1.3%
Net Interest Margin 2.57% -0.2%
Efficiency Ratio 37.41% -12.0%
ROA 0.63% -7.1%
Equity / Assets 8.83% -4.3%
Book Value per Share 12.99 +0.7%
Tangible BV/Share 12.80 +0.6%
Debt/Equity 1.99 -0.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 37.4% efficiency ratio
✓Healthy dividend yield of 4.0%
✓Share count reduced 2.1% through buybacks
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y13.46%

3Y18.42%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-5.59%

TTM20.35%

EPS CAGR

10Y-

5Y-

3Y-1.41%

TTM23.26%

ROCE

10Y Avg2.1%

5Y Avg3.42%

3Y Avg3.4%

Latest2.64%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	23.85M	27.45M	30.4M	33.47M	38.24M	41.64M	37.66M	38.71M
NII Growth %	-	0.15%	0.11%	0.1%	0.14%	0.09%	-0.1%	0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-
Interest Income	29.1M	35.2M	41.56M	42.86M	45.93M	51.86M	67.41M	80.53M
Interest Expense	5.25M	7.75M	11.16M	9.39M	7.68M	10.22M	29.75M	41.82M
Loan Loss Provision	1.37M	1.68M	2.6M	3.77M	1.43M	600K	531.97K	550.26K
Non-Interest Income+	3.93M	4.19M	3.68M	6.68M	5.29M	4.73M	4.41M	4.53M
Non-Interest Income %	-	-	-	-	-	-	-	-
Total Revenue+	33.04M	39.39M	45.24M	49.54M	51.21M	56.59M	71.82M	85.05M
Revenue Growth %	-	0.19%	0.15%	0.1%	0.03%	0.1%	0.27%	0.18%
Non-Interest Expense	20.73M	23M	50.86M	23.88M	28.52M	30.02M	30.53M	31.82M
Efficiency Ratio	-	-	-	-	-	-	-	-
Operating Income+	5.69M	6.96M	-19.38M	12.49M	13.58M	15.75M	11M	10.86M
Operating Margin %	-	-	-	-	-	-	-	-
Operating Income Growth %	-	0.22%	-3.79%	1.64%	0.09%	0.16%	-0.3%	-0.01%
Pretax Income+	5.69M	6.96M	-19.38M	12.49M	13.58M	15.75M	11M	10.86M
Pretax Margin %	-	-	-	-	-	-	-	-
Income Tax+	2.97M	1.28M	-5.29M	2.48M	2.44M	2.78M	1.52M	1.49M
Effective Tax Rate %	-	-	-	-	-	-	-	-
Net Income+	2.72M	5.68M	-14.08M	10.02M	11.14M	12.96M	9.49M	9.38M
Net Margin %	-	-	-	-	-	-	-	-
Net Income Growth %	-	1.09%	-3.48%	1.71%	0.11%	0.16%	-0.27%	-0.01%
Net Income (Continuing)	2.72M	5.68M	-14.08M	10.02M	11.14M	12.96M	9.49M	9.38M
EPS (Diluted)+	0.21	0.44	-1.27	0.82	0.96	1.17	0.91	0.92
EPS Growth %	-	1.1%	-3.89%	1.65%	0.17%	0.22%	-0.22%	0.01%
EPS (Basic)	0.21	0.44	-1.27	0.82	0.98	1.20	0.91	0.93
Diluted Shares Outstanding	13.03M	13.03M	12.46M	12.29M	11.63M	11.06M	10.45M	10.23M

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	16.37M	14.97M	40.6M	48.77M	23.04M	16.41M	20.24M	22.06M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	601.24M	690.58M	795.37M	875.96M	1.07B	1.12B	1.22B	1.28B
Investments Growth %	-	0.15%	0.15%	0.1%	0.23%	0.04%	0.09%	0.04%
Long-Term Investments	482.88M	568.1M	593.58M	631.45M	715.68M	836.56M	941.17M	1.27B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	1.04M	1.23M	1.03M	1.71M	1.65M	2.01M	1.95M	1.95M
PP&E (Net)	13.59M	14.03M	14.09M	14.89M	14.35M	13.67M	13.31M	12.92M
Other Assets	19.17M	18.39M	22.31M	20.99M	24.43M	37.49M	41.18M	40.25M
Total Current Assets	236.94M	247.88M	355.03M	415.15M	511.53M	438.3M	463.42M	179.21M
Total Non-Current Assets	516.69M	601.74M	631.02M	669.04M	756.11M	889.73M	997.61M	1.33B
Total Assets+	753.62M	849.62M	986.04M	1.08B	1.27B	1.33B	1.46B	1.5B
Asset Growth %	-	0.13%	0.16%	0.1%	0.17%	0.05%	0.1%	0.03%
Return on Assets (ROA)	0%	0.01%	-0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	237.69K	550.75K	296.77K	222.12K	258.03K	1.37M	4.4M	4.83M
Total Debt+	104M	136.1M	154M	170M	180M	180M	271M	265M
Net Debt	87.63M	121.13M	113.4M	121.23M	156.96M	163.59M	250.76M	242.94M
Long-Term Debt	104M	136.1M	154M	170M	180M	180M	271M	265M
Short-Term Debt	0	0	0	0	0	0	0	0
Other Liabilities	7.19M	6.48M	26.74M	28.21M	6.72M	9.01M	9.63M	8.23M
Total Current Liabilities	560.63M	621.19M	617.52M	693.27M	900.43M	1.01B	1.05B	1.1B
Total Non-Current Liabilities	111.19M	142.58M	180.74M	198.21M	186.72M	189.01M	280.63M	273.23M
Total Liabilities	671.82M	763.76M	798.25M	891.48M	1.09B	1.2B	1.33B	1.37B
Total Equity+	81.8M	85.85M	187.79M	192.71M	180.48M	132.38M	134.86M	132.87M
Equity Growth %	-	0.05%	1.19%	0.03%	-0.06%	-0.27%	0.02%	-0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.03%	0.07%	-0.1%	0.05%	0.06%	0.08%	0.07%	0.07%
Book Value per Share	6.28	6.59	15.07	15.69	15.52	11.97	12.90	12.99
Tangible BV per Share	-	-	-	-	-	-	-	-
Common Stock	0	0	135.27K	131.94K	124K	117.84K	112.08K	108.15K
Additional Paid-in Capital	12.76M	12.75M	132.6M	124.25M	114.34M	106.09M	101.35M	97.71M
Retained Earnings	71.77M	77.48M	70.11M	78.29M	80.16M	88.12M	87.9M	91.58M
Accumulated OCI	-2.73M	-4.38M	-660.74K	3.71M	-1.21M	-49.75M	-43.05M	-45.81M
Treasury Stock	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.22M	8.46M	10.1M	16.57M	-9.65M	18.16M	12.11M	14.75M
Operating CF Growth %	-	0.36%	0.19%	0.64%	-1.58%	2.88%	-0.33%	0.22%
Net Income	2.72M	5.68M	-14.08M	10.02M	11.14M	12.97M	9.49M	9.38M
Depreciation & Amortization	1.22M	1.11M	1.09M	1.47M	1.54M	1.29M	1.19M	1.04M
Deferred Taxes	2.17M	938K	-6.24M	-35K	2.27M	1.03M	641.15K	158.28K
Other Non-Cash Items	1.39M	1.69M	27.16M	2.84M	-20.66M	-199.59K	436.29K	431.17K
Working Capital Changes	-1.29M	-956.24K	1.85M	826.26K	-6.54M	733.87K	-1.88M	1.61M
Cash from Investing+	-63.58M	-101.54M	-106.77M	-89.26M	-212.19M	-116.12M	-122.53M	-49.3M
Purchase of Investments	-3.36M	-22.34M	-164.29M	-167.38M	-188.84M	-22.53M	-11.24M	-7.5M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0
Other Investing	-91.99M	-97.52M	-35.47M	-51.51M	-93.06M	-127.74M	-133.2M	-70.42M
Cash from Financing+	55.81M	91.88M	122.3M	80.85M	196.1M	90.85M	114.74M	36.06M
Dividends Paid	0	-500K	0	-1.84M	-9.28M	-4.41M	-5.92M	-5.7M
Share Repurchases	0	-7K	0	-9.08M	-11.91M	-9.86M	-6.25M	-5.04M
Stock Issued	0	520.04M	113.02M	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	0	1000K	-1000K
Other Financing	44.11M	60.28M	-3.42M	75.77M	207.3M	105.11M	35.91M	52.8M
Net Change in Cash+	-1.55M	-1.2M	25.63M	8.17M	-25.73M	-7.12M	4.32M	1.52M
Exchange Rate Effect	0	0	0	0	0	0	0	0
Cash at Beginning	17.72M	16.17M	14.97M	40.6M	48.77M	23.04M	15.92M	20.24M
Cash at End	16.17M	14.97M	40.6M	48.77M	23.04M	15.92M	20.24M	21.76M
Interest Paid	5.41M	7.44M	0	9.47M	7.65M	9.11M	26.72M	0
Income Taxes Paid	137K	658.25K	0	1.05M	2.9M	2.18M	2.05M	0
Free Cash Flow+	5.68M	7.13M	9.14M	14.69M	-10.23M	17.78M	11.49M	14.29M
FCF Growth %	-	0.26%	0.28%	0.61%	-1.7%	2.74%	-0.35%	0.24%

Banking Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.32%	6.77%	-10.29%	5.27%	5.97%	8.29%	7.1%	7%
Return on Assets (ROA)	0.36%	0.71%	-1.53%	0.97%	0.95%	1%	0.68%	0.63%
Net Interest Margin	3.17%	3.23%	3.08%	3.09%	3.02%	3.14%	2.58%	2.57%
Efficiency Ratio	62.74%	58.39%	112.43%	48.2%	55.69%	53.05%	42.52%	37.41%
Equity / Assets	10.85%	10.1%	19.04%	17.77%	14.24%	9.97%	9.23%	8.83%
Book Value / Share	6.28	6.59	15.07	15.69	15.52	11.97	12.9	12.99
NII Growth	-	15.06%	10.76%	10.09%	14.27%	8.88%	-9.55%	2.77%
Dividend Payout	-	8.81%	-	18.36%	83.24%	34%	62.41%	60.75%

Frequently Asked Questions

Valuation & Price

Richmond Mutual Bancorporation, Inc. (RMBI) has a price-to-earnings (P/E) ratio of 15.2x. This is roughly in line with market averages.

Growth & Financials

Richmond Mutual Bancorporation, Inc. (RMBI) grew revenue by 18.4% over the past year. This is strong growth.

Yes, Richmond Mutual Bancorporation, Inc. (RMBI) is profitable, generating $10.6M in net income for fiscal year 2024 (11.0% net margin).

Dividend & Returns

Yes, Richmond Mutual Bancorporation, Inc. (RMBI) pays a dividend with a yield of 3.98%. This makes it attractive for income-focused investors.

Richmond Mutual Bancorporation, Inc. (RMBI) has a return on equity (ROE) of 7.0%. This is below average, suggesting room for improvement.

Industry Metrics

Richmond Mutual Bancorporation, Inc. (RMBI) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Richmond Mutual Bancorporation, Inc. (RMBI) has an efficiency ratio of 37.4%. This is excellent, indicating strong cost control.

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Richmond Mutual Bancorporation, Inc. (RMBI) 10-Year Financial Performance & Capital Metrics

RMBI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

Net Interest Income $39M +2.8%
Total Revenue $85M +18.4%
Net Income $9M -1.2%
Return on Equity 7% -1.3%
Net Interest Margin 2.57% -0.2%
Efficiency Ratio 37.41% -12.0%
ROA 0.63% -7.1%
Equity / Assets 8.83% -4.3%
Book Value per Share 12.99 +0.7%
Tangible BV/Share 12.80 +0.6%
Debt/Equity 1.99 -0.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 37.4% efficiency ratio
✓Healthy dividend yield of 4.0%
✓Share count reduced 2.1% through buybacks
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y13.46%

3Y18.42%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-5.59%

TTM20.35%

EPS CAGR

10Y-

5Y-

3Y-1.41%

TTM23.26%

ROCE

10Y Avg2.1%

5Y Avg3.42%

3Y Avg3.4%

Latest2.64%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	23.85M	27.45M	30.4M	33.47M	38.24M	41.64M	37.66M	38.71M
NII Growth %	-	0.15%	0.11%	0.1%	0.14%	0.09%	-0.1%	0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-
Interest Income	29.1M	35.2M	41.56M	42.86M	45.93M	51.86M	67.41M	80.53M
Interest Expense	5.25M	7.75M	11.16M	9.39M	7.68M	10.22M	29.75M	41.82M
Loan Loss Provision	1.37M	1.68M	2.6M	3.77M	1.43M	600K	531.97K	550.26K
Non-Interest Income+	3.93M	4.19M	3.68M	6.68M	5.29M	4.73M	4.41M	4.53M
Non-Interest Income %	-	-	-	-	-	-	-	-
Total Revenue+	33.04M	39.39M	45.24M	49.54M	51.21M	56.59M	71.82M	85.05M
Revenue Growth %	-	0.19%	0.15%	0.1%	0.03%	0.1%	0.27%	0.18%
Non-Interest Expense	20.73M	23M	50.86M	23.88M	28.52M	30.02M	30.53M	31.82M
Efficiency Ratio	-	-	-	-	-	-	-	-
Operating Income+	5.69M	6.96M	-19.38M	12.49M	13.58M	15.75M	11M	10.86M
Operating Margin %	-	-	-	-	-	-	-	-
Operating Income Growth %	-	0.22%	-3.79%	1.64%	0.09%	0.16%	-0.3%	-0.01%
Pretax Income+	5.69M	6.96M	-19.38M	12.49M	13.58M	15.75M	11M	10.86M
Pretax Margin %	-	-	-	-	-	-	-	-
Income Tax+	2.97M	1.28M	-5.29M	2.48M	2.44M	2.78M	1.52M	1.49M
Effective Tax Rate %	-	-	-	-	-	-	-	-
Net Income+	2.72M	5.68M	-14.08M	10.02M	11.14M	12.96M	9.49M	9.38M
Net Margin %	-	-	-	-	-	-	-	-
Net Income Growth %	-	1.09%	-3.48%	1.71%	0.11%	0.16%	-0.27%	-0.01%
Net Income (Continuing)	2.72M	5.68M	-14.08M	10.02M	11.14M	12.96M	9.49M	9.38M
EPS (Diluted)+	0.21	0.44	-1.27	0.82	0.96	1.17	0.91	0.92
EPS Growth %	-	1.1%	-3.89%	1.65%	0.17%	0.22%	-0.22%	0.01%
EPS (Basic)	0.21	0.44	-1.27	0.82	0.98	1.20	0.91	0.93
Diluted Shares Outstanding	13.03M	13.03M	12.46M	12.29M	11.63M	11.06M	10.45M	10.23M

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	16.37M	14.97M	40.6M	48.77M	23.04M	16.41M	20.24M	22.06M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	601.24M	690.58M	795.37M	875.96M	1.07B	1.12B	1.22B	1.28B
Investments Growth %	-	0.15%	0.15%	0.1%	0.23%	0.04%	0.09%	0.04%
Long-Term Investments	482.88M	568.1M	593.58M	631.45M	715.68M	836.56M	941.17M	1.27B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	1.04M	1.23M	1.03M	1.71M	1.65M	2.01M	1.95M	1.95M
PP&E (Net)	13.59M	14.03M	14.09M	14.89M	14.35M	13.67M	13.31M	12.92M
Other Assets	19.17M	18.39M	22.31M	20.99M	24.43M	37.49M	41.18M	40.25M
Total Current Assets	236.94M	247.88M	355.03M	415.15M	511.53M	438.3M	463.42M	179.21M
Total Non-Current Assets	516.69M	601.74M	631.02M	669.04M	756.11M	889.73M	997.61M	1.33B
Total Assets+	753.62M	849.62M	986.04M	1.08B	1.27B	1.33B	1.46B	1.5B
Asset Growth %	-	0.13%	0.16%	0.1%	0.17%	0.05%	0.1%	0.03%
Return on Assets (ROA)	0%	0.01%	-0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	237.69K	550.75K	296.77K	222.12K	258.03K	1.37M	4.4M	4.83M
Total Debt+	104M	136.1M	154M	170M	180M	180M	271M	265M
Net Debt	87.63M	121.13M	113.4M	121.23M	156.96M	163.59M	250.76M	242.94M
Long-Term Debt	104M	136.1M	154M	170M	180M	180M	271M	265M
Short-Term Debt	0	0	0	0	0	0	0	0
Other Liabilities	7.19M	6.48M	26.74M	28.21M	6.72M	9.01M	9.63M	8.23M
Total Current Liabilities	560.63M	621.19M	617.52M	693.27M	900.43M	1.01B	1.05B	1.1B
Total Non-Current Liabilities	111.19M	142.58M	180.74M	198.21M	186.72M	189.01M	280.63M	273.23M
Total Liabilities	671.82M	763.76M	798.25M	891.48M	1.09B	1.2B	1.33B	1.37B
Total Equity+	81.8M	85.85M	187.79M	192.71M	180.48M	132.38M	134.86M	132.87M
Equity Growth %	-	0.05%	1.19%	0.03%	-0.06%	-0.27%	0.02%	-0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.03%	0.07%	-0.1%	0.05%	0.06%	0.08%	0.07%	0.07%
Book Value per Share	6.28	6.59	15.07	15.69	15.52	11.97	12.90	12.99
Tangible BV per Share	-	-	-	-	-	-	-	-
Common Stock	0	0	135.27K	131.94K	124K	117.84K	112.08K	108.15K
Additional Paid-in Capital	12.76M	12.75M	132.6M	124.25M	114.34M	106.09M	101.35M	97.71M
Retained Earnings	71.77M	77.48M	70.11M	78.29M	80.16M	88.12M	87.9M	91.58M
Accumulated OCI	-2.73M	-4.38M	-660.74K	3.71M	-1.21M	-49.75M	-43.05M	-45.81M
Treasury Stock	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.22M	8.46M	10.1M	16.57M	-9.65M	18.16M	12.11M	14.75M
Operating CF Growth %	-	0.36%	0.19%	0.64%	-1.58%	2.88%	-0.33%	0.22%
Net Income	2.72M	5.68M	-14.08M	10.02M	11.14M	12.97M	9.49M	9.38M
Depreciation & Amortization	1.22M	1.11M	1.09M	1.47M	1.54M	1.29M	1.19M	1.04M
Deferred Taxes	2.17M	938K	-6.24M	-35K	2.27M	1.03M	641.15K	158.28K
Other Non-Cash Items	1.39M	1.69M	27.16M	2.84M	-20.66M	-199.59K	436.29K	431.17K
Working Capital Changes	-1.29M	-956.24K	1.85M	826.26K	-6.54M	733.87K	-1.88M	1.61M
Cash from Investing+	-63.58M	-101.54M	-106.77M	-89.26M	-212.19M	-116.12M	-122.53M	-49.3M
Purchase of Investments	-3.36M	-22.34M	-164.29M	-167.38M	-188.84M	-22.53M	-11.24M	-7.5M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0
Other Investing	-91.99M	-97.52M	-35.47M	-51.51M	-93.06M	-127.74M	-133.2M	-70.42M
Cash from Financing+	55.81M	91.88M	122.3M	80.85M	196.1M	90.85M	114.74M	36.06M
Dividends Paid	0	-500K	0	-1.84M	-9.28M	-4.41M	-5.92M	-5.7M
Share Repurchases	0	-7K	0	-9.08M	-11.91M	-9.86M	-6.25M	-5.04M
Stock Issued	0	520.04M	113.02M	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	0	1000K	-1000K
Other Financing	44.11M	60.28M	-3.42M	75.77M	207.3M	105.11M	35.91M	52.8M
Net Change in Cash+	-1.55M	-1.2M	25.63M	8.17M	-25.73M	-7.12M	4.32M	1.52M
Exchange Rate Effect	0	0	0	0	0	0	0	0
Cash at Beginning	17.72M	16.17M	14.97M	40.6M	48.77M	23.04M	15.92M	20.24M
Cash at End	16.17M	14.97M	40.6M	48.77M	23.04M	15.92M	20.24M	21.76M
Interest Paid	5.41M	7.44M	0	9.47M	7.65M	9.11M	26.72M	0
Income Taxes Paid	137K	658.25K	0	1.05M	2.9M	2.18M	2.05M	0
Free Cash Flow+	5.68M	7.13M	9.14M	14.69M	-10.23M	17.78M	11.49M	14.29M
FCF Growth %	-	0.26%	0.28%	0.61%	-1.7%	2.74%	-0.35%	0.24%

Banking Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.32%	6.77%	-10.29%	5.27%	5.97%	8.29%	7.1%	7%
Return on Assets (ROA)	0.36%	0.71%	-1.53%	0.97%	0.95%	1%	0.68%	0.63%
Net Interest Margin	3.17%	3.23%	3.08%	3.09%	3.02%	3.14%	2.58%	2.57%
Efficiency Ratio	62.74%	58.39%	112.43%	48.2%	55.69%	53.05%	42.52%	37.41%
Equity / Assets	10.85%	10.1%	19.04%	17.77%	14.24%	9.97%	9.23%	8.83%
Book Value / Share	6.28	6.59	15.07	15.69	15.52	11.97	12.9	12.99
NII Growth	-	15.06%	10.76%	10.09%	14.27%	8.88%	-9.55%	2.77%
Dividend Payout	-	8.81%	-	18.36%	83.24%	34%	62.41%	60.75%

Frequently Asked Questions

Valuation & Price

Richmond Mutual Bancorporation, Inc. (RMBI) has a price-to-earnings (P/E) ratio of 15.2x. This is roughly in line with market averages.

Growth & Financials

Richmond Mutual Bancorporation, Inc. (RMBI) grew revenue by 18.4% over the past year. This is strong growth.

Yes, Richmond Mutual Bancorporation, Inc. (RMBI) is profitable, generating $10.6M in net income for fiscal year 2024 (11.0% net margin).

Dividend & Returns

Yes, Richmond Mutual Bancorporation, Inc. (RMBI) pays a dividend with a yield of 3.98%. This makes it attractive for income-focused investors.

Richmond Mutual Bancorporation, Inc. (RMBI) has a return on equity (ROE) of 7.0%. This is below average, suggesting room for improvement.

Industry Metrics

Richmond Mutual Bancorporation, Inc. (RMBI) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Richmond Mutual Bancorporation, Inc. (RMBI) has an efficiency ratio of 37.4%. This is excellent, indicating strong cost control.