Richmond Mutual Announces Merger with Farmers Bancorp

The latest update is out from Richmond Mutual Bancorporation ( (RMBI) ).

On November 11, 2025, Richmond Mutual Bancorporation, Inc. announced a merger agreement with The Farmers Bancorp, expected to be completed in the second quarter of 2026. This strategic merger will create a $2.6 billion asset community bank with 24 branches across Indiana and Ohio, enhancing product offerings and increasing shareholder value. The merger is anticipated to deliver significant EPS accretion for Richmond Mutual and dividend accretion for Farmers Bancorp shareholders, with the combined company being led by a management team from both entities.

The most recent analyst rating on (RMBI) stock is a Hold with a $14.50 price target. To see the full list of analyst forecasts on Richmond Mutual Bancorporation stock, see the RMBI Stock Forecast page.

Spark’s Take on RMBI Stock

According to Spark, TipRanks’ AI Analyst, RMBI is a Neutral.

Richmond Mutual Bancorporation’s stock score is primarily driven by its solid valuation and stable financial performance. The high dividend yield and reasonable P/E ratio are significant positives. However, technical indicators suggest weak market momentum, which slightly offsets the overall score.

To see Spark’s full report on RMBI stock, click here.

More about Richmond Mutual Bancorporation

Richmond Mutual Bancorporation, Inc., headquartered in Richmond, Indiana, is the holding company for First Bank Richmond, a community-oriented financial institution offering traditional financial and trust services through its locations in Indiana and Ohio. The Farmers Bancorp, based in Frankfort, Indiana, operates as the financial holding company for The Farmers Bank, a full-service financial institution with branches in various locations across Indiana.

Average Trading Volume: 18,137

Technical Sentiment Signal: Buy

Current Market Cap: $137.4M

Learn more about RMBI stock on TipRanks’ Stock Analysis page.