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Richmond Mutual Bancorporation (RMBI)
:RMBI
US Market

Richmond Mutual Bancorporation (RMBI) AI Stock Analysis

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Richmond Mutual Bancorporation

(NASDAQ:RMBI)

Rating:67Neutral
Price Target:
$14.50
▲(3.20%Upside)
Richmond Mutual Bancorporation's overall score is driven by strong financial performance and positive corporate events. However, technical analysis shows neutral momentum, and valuation suggests the stock is fairly priced. The absence of earnings call data moderates the impact of potential forward-looking insights.

Richmond Mutual Bancorporation (RMBI) vs. SPDR S&P 500 ETF (SPY)

Richmond Mutual Bancorporation Business Overview & Revenue Model

Company DescriptionRichmond 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 MoneyThe company makes money primarily through interest income, which it earns from loans provided to individuals and businesses. RMBI also generates revenue from fees associated with various banking services, such as account maintenance fees, transaction fees, and penalties. Additionally, the company may benefit from investment income derived from securities and other investment vehicles. Deposit accounts, such as savings accounts and certificates of deposit, provide a low-cost source of funds which the bank can lend at higher interest rates, thereby achieving a profit margin. Strategic partnerships with financial service providers and community outreach programs may further support its revenue streams by expanding its customer base and enhancing service offerings.

Richmond Mutual Bancorporation Financial Statement Overview

Summary
Richmond Mutual Bancorporation displays financial stability with a solid balance sheet and consistent gross margins. However, profitability pressures and cash flow challenges indicate potential risks. Improvement in operational efficiency and cash flow management are necessary to bolster financial health.
Income Statement
65
Positive
Richmond Mutual's revenue has shown a slight decline from the previous year, and the net profit margin is stable but not impressive. The EBIT margin has decreased considerably, indicating pressure on operational efficiency. The consistent gross profit margin is a positive aspect, reflecting stable cost management.
Balance Sheet
70
Positive
The company's debt-to-equity ratio is reasonable, indicating a balanced approach to leveraging. Return on equity has weakened slightly due to declining net income. However, the equity ratio remains strong, showing a solid foundation of assets funded by equity.
Cash Flow
50
Neutral
The cash flow situation presents concerns as there is no reported operating cash flow for the latest year, and free cash flow growth is absent. Previous years show positive free cash flow, which is a crucial area for improvement to ensure sustainability.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue43.23M42.07M46.37M43.53M40.14M
Gross Profit43.23M41.74M46.37M43.53M40.14M
EBITDA0.000.0017.04M15.12M13.96M
Net Income9.38M9.49M12.97M11.14M10.02M
Balance Sheet
Total Assets1.51B1.46B1.33B1.27B1.08B
Cash, Cash Equivalents and Short-Term Investments21.76M12.02M13.74M380.58M293.27M
Total Debt265.00M271.00M180.00M180.00M170.00M
Total Liabilities1.37B1.33B1.20B1.09B891.48M
Stockholders Equity132.87M134.86M132.98M180.48M192.71M
Cash Flow
Free Cash Flow14.29M11.49M17.78M-10.23M14.69M
Operating Cash Flow14.45M12.11M18.16M-9.65M16.57M
Investing Cash Flow0.00-122.53M-116.12M-212.19M-89.26M
Financing Cash Flow36.06M114.74M90.85M196.11M80.85M

Richmond Mutual Bancorporation Technical Analysis

Technical Analysis Sentiment
Positive
Last Price14.05
Price Trends
50DMA
13.66
Positive
100DMA
13.10
Positive
200DMA
13.12
Positive
Market Momentum
MACD
0.13
Negative
RSI
59.99
Neutral
STOCH
86.44
Negative
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 14.05 is above the 20-day moving average (MA) of 13.57, above the 50-day MA of 13.66, and above the 200-day MA of 13.12, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 59.99 is Neutral, neither overbought nor oversold. The STOCH value of 86.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RMBI.

Richmond Mutual Bancorporation Risk Analysis

Richmond Mutual Bancorporation disclosed 28 risk factors in its most recent earnings report. Richmond Mutual Bancorporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Richmond Mutual Bancorporation Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
$139.16M12.356.42%3.26%6.51%27.04%
67
Neutral
$17.07B11.919.69%3.75%11.66%-9.47%
67
Neutral
$146.23M15.956.82%4.27%13.55%3.11%
63
Neutral
$122.20M36.762.18%1.70%-7.58%-78.69%
62
Neutral
$147.14M11.647.29%2.44%-1.15%-1.80%
UNUNB
62
Neutral
$128.62M14.5913.21%5.08%13.60%-17.65%
$144.53M28.652.79%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
RMBI
Richmond Mutual Bancorporation
14.05
3.07
27.96%
CZWI
Citizens Community Bancorp
14.73
3.83
35.14%
EBMT
Eagle Bancorp Montana
17.65
5.25
42.34%
UNB
Union Bankshares
28.34
7.72
37.44%
FNWD
Finward Bancorp
28.25
4.01
16.54%
ECBK
ECB Bancorp, Inc.
16.01
3.39
26.86%

Richmond Mutual Bancorporation Corporate Events

Executive/Board ChangesBusiness Operations and Strategy
Richmond Mutual Bancorporation Signs Change-in-Control Agreements
Neutral
May 27, 2025

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.

Executive/Board ChangesShareholder MeetingsDividends
Richmond Mutual Bancorporation Announces Director Elections and Dividend
Positive
May 21, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 22, 2025