Richmond Mutual Bancorporation (RMBI) AI Stock Analysis

• Market Cap: $153.47M
• Dividend Yield: 4.01%
• Average Volume (3M): 20.15K
• Price to Earnings (P/E): 15.6
• Beta (1Y): 0.44
• Revenue Growth: 9.70%
• EPS Growth: 18.24%
• Country: US
• Employees: 171
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.26
• Shares Outstanding: 10,426,263
• 10 Day Avg. Volume: 13,612
• 30 Day Avg. Volume: 20,150
• 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: 2.55
• Enterprise Value/Revenue: 4.45
• Enterprise Value/Gross Profit: 9.03
• Enterprise Value/Ebitda: 32.23
• 1Y Price Target: $15.50
• Price Target Upside: 6.38% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 75 Outperform
• Price Target: $16.50 ▲(13.25% Upside)

Richmond Mutual Bancorporation's stock is supported by strong technical indicators and a fair valuation with an attractive dividend yield. Financial performance is stable, though high leverage poses a risk. The absence of earnings call data limits insights into management's outlook.

Richmond Mutual Bancorporation Business Overview & Revenue Model

Company Description

Richmond Mutual Bancorporation (RMBI) is a financial services holding company based in Richmond, Indiana. It operates primarily in the banking sector, offering a range of services including commercial and retail banking, mortgage lending, and investment services through its subsidiary, Richmond Bank. RMBI focuses on providing personalized banking solutions to its customers, catering to both individual and business needs, with an emphasis on community engagement and local economic development.

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 financials, with healthy margins and effective cash flow management. However, slight pressures on net profitability and equity returns suggest room for improvement.

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	87.86M	85.05M	71.82M	56.59M	51.21M	49.54M
Gross Profit	43.31M	42.69M	41.74M	45.77M	42.10M	36.37M
EBITDA	12.14M	11.91M	12.19M	17.04M	15.12M	13.96M
Net Income	9.52M	9.38M	9.49M	12.96M	11.14M	10.02M
Balance Sheet
Total Assets	1.47B	1.51B	1.46B	1.33B	1.27B	1.08B
Cash, Cash Equivalents and Short-Term Investments	24.16M	27.55M	302.93M	301.31M	380.58M	293.27M
Total Debt	267.00M	265.00M	271.00M	180.00M	180.00M	170.00M
Total Liabilities	1.38B	1.37B	1.33B	1.20B	1.09B	891.48M
Stockholders Equity	132.32M	132.87M	134.86M	132.98M	180.48M	192.71M
Cash Flow
Free Cash Flow	15.76M	14.29M	11.49M	17.78M	-10.23M	14.69M
Operating Cash Flow	16.70M	14.75M	12.11M	18.16M	-9.65M	16.57M
Investing Cash Flow	-5.64M	-49.30M	-122.53M	-116.12M	-212.19M	-89.26M
Financing Cash Flow	-2.86M	36.06M	114.74M	90.85M	196.10M	80.85M

Richmond Mutual Bancorporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 14.57 is above the 20-day moving average (MA) of 14.33, above the 50-day MA of 14.01, and above the 200-day MA of 13.35, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 55.78 is Neutral, neither overbought nor oversold. The STOCH value of 72.80 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
RMBI	75 Outperform	$153.47M	15.61	7.23%	4.01%	9.70%	18.24%
UNB	75 Outperform	$117.70M	12.79	13.63%	5.57%	11.90%	-8.37%
EBMT	75 Outperform	$139.56M	10.91	7.19%	3.29%	6.74%	49.28%
CZWI	73 Outperform	$162.76M	13.32	6.93%	2.18%	-0.96%	-7.38%
FNWD	71 Outperform	$141.12M	26.41	3.51%	1.47%	-7.40%	-59.70%
Sector *	68 Neutral	$17.80B	11.94	9.89%	3.74%	9.69%	1.17%
ECBK	―	$148.61M	26.51	3.18%	―	―	―

Richmond Mutual Bancorporation Corporate Events

Richmond Mutual Announces Quarterly Cash Dividend

On August 20, 2025, Richmond Mutual Bancorporation announced a quarterly cash dividend of $0.15 per share on its common stock. The dividend is payable on September 18, 2025, to stockholders recorded by September 4, 2025, reflecting the company’s commitment to returning value to its shareholders.