Richmond Mutual Bancorporation (RMBI) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $1.75 million and diluted EPS was $0.11, versus $2.23 million and $0.22 in Q2 2026 and $3.60 million and $0.36 in Q3 2025.

• Farmers Bancorp merger closed July 1; Q3 results include the combined operations, while pre-merger periods reflect standalone operations.

• Merger-driven balance-sheet growth lifted net interest income and margin, but higher credit provision and noninterest expense reduced earnings.

Financial highlights

• Q3 net interest income rose to $22.8 million from $12.1 million QoQ and $11.3 million YoY; net interest margin was 3.68%, versus 3.22% and 3.07%.

• Q3 provision for credit losses was $6.1 million, versus $823,000 in Q2 and $269,000 in Q3 2025; net charge-offs were $6.1 million for the quarter.

• Noninterest income was $4.6 million, including a preliminary $1.6 million bargain purchase gain; excluding the gain, income rose $1.6 million YoY.

• Noninterest expense was $20.0 million, including $3.0 million of nonrecurring merger costs and $1.8 million of acquired core deposit intangible amortization.

• 9M net income was $6.8 million and diluted EPS $0.56, versus $8.2 million and $0.82 in 9M 2025.

Outlook and guidance

• Management’s stated priorities are integrating the two organizations, realizing merger benefits, and continuing service to customers and communities.

• Merger-related savings, synergies, and revenue enhancements may be delayed or unrealized; systems integration, higher costs, and acquired-loan credit losses could affect results.