Richmond Mutual Bancorporation, Inc. Stock Research

Market Summary

USD10.08-0.16

Delayed

-1.56%

RMBI Stock Price

RMBI RSI Chart

RMBI Valuation

Market Cap

118.7M

Price/Earnings (Trailing)

9.59

Price/Sales (Trailing)

2.39

Price/Free Cashflow

118.36

RMBI Price/Sales (Trailing)

RMBI Profitability

Return on Equity

9.91%

Return on Assets

0.97%

Free Cashflow Yield

0.84%

RMBI Fundamentals

RMBI Revenue

Revenue (TTM)

49.6M

Revenue Y/Y

10.67%

Revenue Q/Q

5.8%

RMBI Earnings

Earnings (TTM)

12.4M

Earnings Y/Y

2.46%

Earnings Q/Q

-9.39%

Price Action

52 Week Range

10.0617.98

(Low)(High)

Last 7 days

-2.8%

Last 30 days

-24.0%

Last 90 days

-17.8%

Trailing 12 Months

-42.0%

RMBI Financial Health

RMBI Investor Care

Dividend Yield

3.68%

Dividend/Share (TTM)

0.37

Buy Backs (1Y)

5.07%

Diluted EPS (TTM)

1.1

Peers (Alternatives to Richmond Mutual Bancorporation)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BNS	56.4B	40.0B	-7.13%	-31.27%	5.3	1.79	34.99%	-10.60%
MTB	20.6B	6.2B	-24.47%	-35.33%	14.94	3.3	58.61%	-25.85%
CFG	15.0B	7.1B	-27.24%	-35.42%	7.24	2.13	45.54%	-10.61%
MID-CAP
EWBC	7.8B	2.3B	-27.45%	-31.57%	6.89	3.35	43.40%	29.22%
CBSH	6.9B	999.0M	-13.03%	-20.31%	14.17	6.93	17.76%	-7.98%
SIVB	6.3B	5.7B	-67.21%	-80.32%	3.9	1.11	72.48%	-22.38%
PB	5.6B	1.1B	-15.87%	-11.52%	10.63	5.09	4.58%	1.01%
FFIN	4.5B	432.9M	-13.68%	-29.01%	19.01	10.3	15.00%	3.04%
BPOP	3.7B	2.5B	-23.36%	-35.34%	3.39	1.52	16.17%	17.94%
WAL	3.4B	2.7B	-53.87%	-59.97%	3.24	1.27	62.28%	17.58%
SMALL-CAP
BANR	1.8B	450.9M	-14.93%	-8.52%	9.37	4.06	1.16%	-2.82%
SBCF	1.7B	380.5M	-19.90%	-31.74%	16.33	4.57	51.31%	-14.39%
HTLF	1.6B	674.7M	-21.41%	-20.26%	7.69	2.42	14.59%	-3.52%
LKFN	1.6B	239.6M	-10.34%	-14.83%	15.6	6.76	23.99%	8.44%

Financials for Richmond Mutual Bancorporation

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	2.6%	50.00	48.00	47.00	46.00	45.00
Interest Expenses	1.4%	41.00	41.00	39.00	38.00	37.00
Net Income	0.6%	12.00	12.00	12.00	11.00	11.00
Net Income Margin	-2.0%	0.25*	0.25*	0.25*	0.24*	-
Free Cahsflow	-54.0%	1.00	2.00	-3.85	-10.23	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	0.5%	1,279	1,272	1,256	1,268	1,231
Cash Equivalents	34.2%	19.00	14.00	20.00	23.00	20.00
Net PPE	-1.7%	14.00	14.00	14.00	14.00	14.00
Liabilities	1.8%	1,154	1,133	1,099	1,087	1,052
Shareholder's Equity	-10.1%	125	139	157	180	179
Additional Paid-In Capital	-0.2%	106	106	113	114	115
Shares Outstanding	-0.4%	12.00	12.00	12.00	12.00	12.00

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-42.8%	1,617	2,829	-3,329	-9,646	12,337
Share Based Compensation	5.5%	372	353	369	1,811	921
Cashflow From Investing	18.5%	-107,051	-131,349	-186,175	-212,189	-173,788
Cashflow From Financing	-16.6%	104,948	125,853	143,558	196,105	164,591
Dividend Payments	7.4%	4,122	3,838	9,568	9,277	9,089
Buy Backs	-24.5%	10,355	13,714	11,474	11,914	13,644

Risks for RMBI

What is the probability of a big loss on RMBI?

47.7%

Probability that Richmond Mutual Bancorporation stock will be more than 20% underwater in next one year

32.5%

Probability that Richmond Mutual Bancorporation stock will be more than 30% underwater in next one year.

20.3%

Probability that Richmond Mutual Bancorporation stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RMBI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Richmond Mutual Bancorporation was unfortunately bought at previous high price.

Drawdowns

Returns for RMBI

Cumulative Returns on RMBI

2.2%

3-Year Cumulative Returns

Which funds bought or sold RMBI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-02-15	ALLIANCEBERNSTEIN L.P.	added	5.76	201,666	8,410,670	-%
2023-02-14	STATE STREET CORP	added	0.92	-12,861	549,139	-%
2023-02-14	MORGAN STANLEY	reduced	-7.65	-17,858	139,142	-%
2023-02-14	Qube Research & Technologies Ltd	reduced	-8.81	-18,222	138,778	-%
2023-02-14	SeaCrest Wealth Management, LLC	unchanged	-	-11,117	352,883	0.05%
2023-02-14	SUSQUEHANNA INTERNATIONAL GROUP, LLP	new	-	140,287	140,287	-%
2023-02-14	SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	unchanged	-	-15,145	461,855	0.01%
2023-02-14	Bank of New York Mellon Corp	sold off	-100	-270,000	-	-%
2023-02-14	MILLENNIUM MANAGEMENT LLC	reduced	-17.28	-173,000	698,000	-%
2023-02-14	ROYAL BANK OF CANADA	sold off	-100	-1,000	-	-%

Latest Funds Activity

Are funds buying RMBI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own RMBI

No. of Funds

Richmond Mutual Bancorporation News

Schedule 13G FIlings of Richmond Mutual Bancorporation

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	alliancebernstein l.p.	5.5%	646,477	SC 13G
Feb 07, 2023	richmond mutual bancorporation, inc.	9.1%	1,077,109	SC 13G/A
Jul 12, 2021	blackrock inc.	0.3%	39,049	SC 13G/A
Feb 04, 2021	richmond mutual bancorporation, inc.	8.2%	1,082,002	SC 13G/A
Feb 02, 2021	blackrock inc.	5.1%	682,677	SC 13G
Feb 10, 2020	blackrock inc.	4.9%	667,881	SC 13G/A
Feb 07, 2020	blackrock inc.	5.1%	694,483	SC 13G
Feb 07, 2020	richmond mutual bancorporation, inc.	8.0%	1,082,130	SC 13G

RMBI Fair Value

Richmond Mutual Bancorporation fair value in different scenarios

The table shows the Fair Value estimates for Richmond Mutual Bancorporation for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	8.47 -15.97%	10.96 8.73%	15.00 48.81%	19.71 95.54%	23.76 135.71%
Current Inflation	7.54 -25.20%	9.65 -4.27%	13.01 29.07%	16.92 67.86%	20.28 101.19%
Very High Inflation	6.41 -36.41%	8.07 -19.94%	10.66 5.75%	13.69 35.81%	16.29 61.61%

Historical Richmond Mutual Bancorporation Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Richmond Mutual Bancorporation

View All Filings

Date Filed	Form Type	Document
Mar 07, 2023	4	Insider Trading
Mar 03, 2023	144	Notice of Insider Sale Intent
Feb 22, 2023	8-K	Current Report
Feb 14, 2023	SC 13G	Major Ownership Report
Feb 07, 2023	SC 13G/A	Major Ownership Report
Feb 06, 2023	8-K	Current Report
Jan 26, 2023	8-K	Current Report
Jan 18, 2023	4	Insider Trading
Dec 27, 2022	8-K	Current Report

Latest Insider Trading transactions for RMBI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-07	BENZIGER DONALD A	sold	-53,294	12.8205	-4,157	evp, chief financial officer
2022-11-03	Jackson Jeffrey A.	bought	5,331	13.3298	400	-
2022-07-28	Blum E. Michael	bought	13,990	13.99	1,000	-
2022-04-27	Jackson Jeffrey A.	bought	82,150	16.4301	5,000	-
2022-04-26	Jackson Jeffrey A.	bought	8,245	16.49	500	-
2022-03-10	BENZIGER DONALD A	sold	-58,829	17.0174	-3,457	evp, chief financial officer
2021-09-02	Hanley Harold T. III	bought	154,800	15.48	10,000	-
2021-07-21	Blum E. Michael	acquired	42,120	10.53	4,000	-
2021-05-18	Jackson Jeffrey A.	bought	70,186	14.0373	5,000	-
2021-05-18	Jackson Jeffrey A.	bought	13,990	13.99	1,000	-

About Richmond Mutual Bancorporation

Garry D. Kleer

http://www.firstbankrichmond.com/

170

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.

RMBI Income Statement

2022-09-30

Condensed Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
Condensed Consolidated Statements of Income - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest Income
Loans and leases	$ 11,302,066	$ 10,437,783	$ 32,250,396	$ 30,161,755
Investment securities	1,832,459	1,456,124	5,234,954	3,714,207
Other	35,588	6,581	74,696	19,559
Total interest income	13,170,113	11,900,488	37,560,046	33,895,521
Interest Expense
Deposits	1,798,748	1,253,901	4,322,229	3,662,562
Borrowings	858,592	688,533	2,122,778	2,083,095
Total interest expense	2,657,340	1,942,434	6,445,007	5,745,657
Net Interest Income	10,512,773	9,958,054	31,115,039	28,149,864
Provision for losses on loans and leases	200,000	500,000	600,000	1,430,000
Net Interest Income After Provision for Losses on Loans and Leases	10,312,773	9,458,054	30,515,039	26,719,864
Noninterest Income
Service charges on deposit accounts	259,948	236,204	742,905	629,425
Card fee income	298,191	266,497	877,974	783,700
Loan and lease servicing fees	235,973	(181,498)	441,912	(38,210)
Net gains on securities (includes $0, $17,887, $0, and $55,799, respectively, related to accumulated other comprehensive income reclassifications)	0	17,887	0	55,799
Net gains on loan and lease sales	116,155	556,664	580,919	2,090,892
Other income	273,376	249,184	831,771	791,648
Total noninterest income	1,183,643	1,144,938	3,475,481	4,313,254
Noninterest Expenses
Salaries and employee benefits	4,710,284	4,217,780	13,676,443	12,977,382
Net occupancy expenses	336,270	321,473	1,047,582	945,806
Equipment expenses	317,814	334,187	951,781	985,951
Data processing fees	743,526	512,917	1,970,350	1,601,704
Deposit insurance expense	86,000	76,000	248,000	211,000
Printing and office supplies	45,155	44,705	140,222	122,516
Legal and professional fees	376,323	302,528	1,059,685	937,569
Advertising expense	85,050	103,118	281,045	268,988
Bank service charges	42,495	39,327	103,253	99,074
Real estate owned expense	14,248	4,329	22,534	15,031
Loss on sale of real estate owned	0	0	847	1,278
Other expenses	965,508	887,939	2,712,418	2,535,140
Total noninterest expenses	7,722,673	6,844,303	22,214,160	20,701,439
Income Before Income Tax Expense	3,773,743	3,758,689	11,776,360	10,331,679
Provision for income taxes (includes $0, $3,756, $0, and $11,718, respectively, related to income tax expense from reclassification of items)	615,515	676,414	2,115,198	1,905,571
Net Income	$ 3,158,228	$ 3,082,275	$ 9,661,162	$ 8,426,108
Earnings Per Share
Basic (in USD per share)	$ 0.30	$ 0.28	$ 0.89	$ 0.74
Diluted (in USD per share)	$ 0.29	$ 0.27	$ 0.87	$ 0.72

RMBI Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 12,772,784	$ 8,473,558
Interest-bearing demand deposits	6,578,777	14,564,587
Cash and cash equivalents	19,351,561	23,038,145
Investment securities - available for sale	279,744,683	357,537,845
Investment securities - held to maturity	7,359,705	9,040,825
Loans held for sale	78,000	557,500
Loans and leases, net of allowance for losses of $12,556,000 and $12,108,000, respectively	915,464,191	832,846,017
Premises and equipment, net	13,775,644	14,347,088
Federal Home Loan Bank stock	9,902,300	9,992,400
Interest receivable	3,960,596	4,192,827
Mortgage-servicing rights	1,738,700	1,646,509
Cash surrender value of life insurance	3,652,045	3,619,140
Other assets	23,578,593	10,821,445
Total assets	1,278,606,018	1,267,639,741
Liabilities
Noninterest-bearing deposits	114,779,593	114,302,794
Interest-bearing deposits	843,860,760	785,872,606
Total deposits	958,640,353	900,175,400
Federal Home Loan Bank advances	187,000,000	180,000,000
Advances by borrowers for taxes and insurance	599,985	531,030
Interest payable	676,184	258,032
Other liabilities	6,717,141	6,193,944
Total liabilities	1,153,633,663	1,087,158,406
Commitments and Contingent Liabilities	0	0
Stockholders' Equity
Common stock	118,024	124,002
Additional paid-in capital	105,945,726	114,339,810
Retained earnings	86,495,710	80,157,893
Unearned employee stock ownership plan (ESOP)	(12,376,872)	(12,928,359)
Accumulated other comprehensive loss	(55,210,233)	(1,212,011)
Total stockholders' equity	124,972,355	180,481,335
Total liabilities and stockholders' equity	$ 1,278,606,018	$ 1,267,639,741