Richmond Mutual Bancorporation (RMBI) AI Stock Analysis

• Market Cap: $146.23M
• Dividend Yield: 4.27%
• Average Volume (3M): 83.59K
• Price to Earnings (P/E): 15.9
• Beta (1Y): 0.42
• Revenue Growth: 13.55%
• EPS Growth: 3.11%
• Country: US
• Employees: 171
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 0.20
• Shares Outstanding: 10,407,488
• 10 Day Avg. Volume: 150,574
• 30 Day Avg. Volume: 83,588
• PEG Ratio: 0.48
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.88
• Enterprise Value/Market Cap: 2.14
• Enterprise Value/Revenue: 1.08
• Enterprise Value/Gross Profit: 4.19
• Enterprise Value/Ebitda: 10.19
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 67 Neutral
• 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 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

The 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

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	43.23M	42.07M	46.37M	43.53M	40.14M
Gross Profit	43.23M	41.74M	46.37M	43.53M	40.14M
EBITDA	0.00	0.00	17.04M	15.12M	13.96M
Net Income	9.38M	9.49M	12.97M	11.14M	10.02M
Balance Sheet
Total Assets	1.51B	1.46B	1.33B	1.27B	1.08B
Cash, Cash Equivalents and Short-Term Investments	21.76M	12.02M	13.74M	380.58M	293.27M
Total Debt	265.00M	271.00M	180.00M	180.00M	170.00M
Total Liabilities	1.37B	1.33B	1.20B	1.09B	891.48M
Stockholders Equity	132.87M	134.86M	132.98M	180.48M	192.71M
Cash Flow
Free Cash Flow	14.29M	11.49M	17.78M	-10.23M	14.69M
Operating Cash Flow	14.45M	12.11M	18.16M	-9.65M	16.57M
Investing Cash Flow	0.00	-122.53M	-116.12M	-212.19M	-89.26M
Financing Cash Flow	36.06M	114.74M	90.85M	196.11M	80.85M

Richmond Mutual Bancorporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EBMT	72 Outperform	$139.16M	12.35	6.42%	3.26%	6.51%	27.04%
Sector *	67 Neutral	$17.07B	11.91	9.69%	3.75%	11.66%	-9.47%
RMBI	67 Neutral	$146.23M	15.95	6.82%	4.27%	13.55%	3.11%
FNWD	63 Neutral	$122.20M	36.76	2.18%	1.70%	-7.58%	-78.69%
CZWI	62 Neutral	$147.14M	11.64	7.29%	2.44%	-1.15%	-1.80%
UNB	62 Neutral	$128.62M	14.59	13.21%	5.08%	13.60%	-17.65%
ECBK		$144.53M	28.65	2.79%	―	―	―

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.