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Richmond Mutual Q1 FY26 net income rises 41% to $2.8 million

PUBT·04/23/2026 21:03:30
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Richmond Mutual Q1 FY26 net income rises 41% to $2.8 million
  • Richmond Mutual Bancorporation posted Q1 2026 net income of $2.8 million, down 18.3% from Q4 2025.
  • Net interest income slipped 0.8% to $11.4 million as annualized net interest margin edged down 0.01 percentage point to 3.1%.
  • Provision for credit losses rose to $693,000 from $409,000.
  • Nonperforming loans and leases increased to $17.6 million, while total assets held at $1.5 billion.
  • Merger with Farmers Bancorp remains slated for Q2 2026 close, with shareholder votes set for May 26-27 and management flagging potential earnings variability during integration before normalization.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Richmond Mutual Bancorporation Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202604231645PR_NEWS_USPR_____DE42598) on April 23, 2026, and is solely responsible for the information contained therein.