Richmond Mutual Bancorporation (RMBI) AI Stock Analysis

• Market Cap: $147.32M
• Dividend Yield: 4.13%
• Average Volume (3M): 26.24K
• Price to Earnings (P/E): 15.0
• Beta (1Y): 0.46
• Revenue Growth: 9.70%
• EPS Growth: 18.24%
• Country: US
• Employees: 171
• Sector: Financial
• Sector Strength: 69
• Industry: Banks - Regional
• EPS (TTM): 0.26
• Shares Outstanding: 10,426,263
• 10 Day Avg. Volume: 19,306
• 30 Day Avg. Volume: 26,241
• PEG Ratio: 6.92
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 1.68
• P/FCF Ratio: 9.98
• Enterprise Value/Market Cap: 2.66
• Enterprise Value/Revenue: 4.52
• Enterprise Value/Gross Profit: 9.18
• Enterprise Value/Ebitda: 33.98
• 1Y Price Target: $15.50
• Price Target Upside: 10.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: $15.50 ▲(10.24% Upside)

Richmond Mutual Bancorporation's solid financial performance and stable technical indicators are the primary drivers of its score. The company's fair valuation and attractive dividend yield further support its investment potential. The absence of earnings call data limits additional insights, but recent corporate events reflect positively on governance and shareholder value.

Richmond Mutual Bancorporation Business Overview & Revenue Model

Company Description

Richmond 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.

How the Company Makes Money

Richmond Mutual Bancorporation generates revenue primarily through interest income from loans and investments. The company's key revenue streams include interest earned on commercial and consumer loans, as well as mortgage loans, which form a significant portion of its lending portfolio. Additionally, RMBI earns non-interest income through service charges, fees for account maintenance, and transaction services. The bank may also engage in investment activities and earn fees from wealth management services. Strategic partnerships with local businesses and financial institutions enhance its reach and customer base, contributing to its overall earnings.

Richmond Mutual Bancorporation Financial Statement Overview

Summary

Richmond Mutual Bancorporation shows strong revenue growth and stable financial health. While there are slight pressures on net profitability and equity returns, the company maintains healthy margins and effective cash flow management, indicating a solid position in the regional banking sector.

Income Statement

Richmond Mutual Bancorporation demonstrates strong revenue growth with a 20.66% increase from 2023 to TTM, reflecting robust performance in the regional banking sector. The gross profit margin remains healthy at around 49.2% for TTM. However, the net profit margin slightly decreased to 10.36% from the previous year's 11.02%, indicating some pressure on bottom-line profitability. EBIT and EBITDA margins are stable, supporting overall profitability.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 2.09, reflecting a balanced approach to leverage. Return on equity is a respectable 6.85% for TTM, though it has declined from previous years, suggesting room for improvement in equity efficiency. The equity ratio is stable at 8.60%, indicating sound financial stability. Overall, the company maintains a solid financial position, though there is a slight decline in equity performance metrics.

Cash Flow

The company's cash flow is strong, with free cash flow growing by 0.41% in TTM, demonstrating consistent cash generation. The operating cash flow to net income ratio is 1.65, indicating strong cash earnings support. However, the free cash flow to net income ratio is 1.60, slightly below the operating cash flow ratio, suggesting some capital expenditure pressure. Overall, cash flow management is effective, supporting ongoing operations and investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	86.62M	85.05M	71.82M	56.59M	51.21M	49.54M
Gross Profit	42.61M	42.69M	41.74M	45.77M	42.10M	36.37M
EBITDA	11.51M	11.91M	12.19M	17.04M	15.12M	13.96M
Net Income	8.98M	9.38M	9.49M	12.96M	11.14M	10.02M
Balance Sheet
Total Assets	1.52B	1.51B	1.46B	1.33B	1.27B	1.08B
Cash, Cash Equivalents and Short-Term Investments	130.20M	27.55M	302.93M	301.31M	380.58M	293.27M
Total Debt	274.00M	265.00M	271.00M	180.00M	180.00M	170.00M
Total Liabilities	1.39B	1.37B	1.33B	1.20B	1.09B	891.48M
Stockholders Equity	130.93M	132.87M	134.86M	132.98M	180.48M	192.71M
Cash Flow
Free Cash Flow	14.35M	14.29M	11.49M	17.78M	-10.23M	14.69M
Operating Cash Flow	14.77M	14.75M	12.11M	18.16M	-9.65M	16.57M
Investing Cash Flow	-31.12M	-49.30M	-122.53M	-116.12M	-212.19M	-89.26M
Financing Cash Flow	23.09M	36.06M	114.74M	90.85M	196.10M	80.85M

Richmond Mutual Bancorporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RMBI, the sentiment is Positive. The current price of 14.06 is below the 20-day moving average (MA) of 14.14, above the 50-day MA of 13.85, and above the 200-day MA of 13.35, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 50.39 is Neutral, neither overbought nor oversold. The STOCH value of 63.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RMBI.

Richmond Mutual Bancorporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNB	75 Outperform	$124.25M	13.50	13.63%	5.37%	11.90%	-8.37%
CZWI	73 Outperform	$154.77M	12.66	6.93%	2.28%	-0.96%	-7.38%
Sector *	73 Outperform	17.16B	19.27	14.14%	3.62%	13.96%	29.55%
RMBI	71 Outperform	$147.32M	14.99	7.23%	4.13%	9.70%	18.24%
FNWD	69 Neutral	$128.06M	23.96	3.51%	1.63%	-7.40%	-59.70%
EBMT	68 Neutral	$131.61M	10.28	7.19%	3.41%	6.74%	49.28%
ECBK	―	$148.17M	25.97	3.18%	―	―	―

Richmond Mutual Bancorporation Corporate Events

Richmond Mutual Bancorporation Signs Change-in-Control Agreements

On May 22, 2025, Richmond Mutual Bancorporation and First Bank Richmond entered into change-in-control agreements with key executives, Paul Witte and Bradley Glover. These agreements, valid until December 31, 2026, offer financial and insurance benefits if the executives’ employment is terminated under specific conditions following a change in control, ensuring stability and protection for both the executives and the company.

Richmond Mutual Bancorporation Announces Director Elections and Dividend

At its annual meeting on May 21, 2025, Richmond Mutual Bancorporation, Inc. announced the election of directors and approved several proposals, including executive compensation and the appointment of an independent accounting firm. The company also declared a cash dividend of $0.15 per share, payable on June 18, 2025, to stockholders of record as of June 5, 2025.