Richmond Mutual Bancorporation (RMBI) investor relations material

Executive summary

• Net income for Q2 2026 was $2.2 million ($0.22 diluted EPS), down from $2.8 million in Q1 2026 and $2.6 million in Q2 2025, mainly due to $1.9 million in nonrecurring merger-related expenses and higher credit loss provisions.

• The merger with Farmers Bancorp was completed on July 1, 2026, creating a larger community banking franchise; Farmers Bancorp results will be included from Q3 2026 onward.

• Core operating performance improved, with growth in net interest income and net interest margin, solid loan growth, and a strong capital position.

Financial highlights

• Net interest income rose 5.5% sequentially to $12.1 million and 12.2% year-over-year.

• Annualized net interest margin increased to 3.22% from 3.10% in Q1 2026 and 2.93% in Q2 2025.

• Noninterest income grew 21.7% sequentially and 46.3% year-over-year to $1.6 million.

• Noninterest expense increased 16.8% sequentially and 25.4% year-over-year to $10.2 million, mainly due to merger costs.

• Provision for credit losses was $823,000, up from $693,000 in Q1 2026 and $745,000 in Q2 2025.

• Total assets reached $1.6 billion, loans and leases $1.2 billion, and deposits $1.1 billion at June 30, 2026.

• Book value and tangible book value per share were $14.11 at June 30, 2026.

Outlook and guidance

• Management expects to realize long-term benefits from the merger, focusing on seamless integration and leveraging expanded scale and market presence.