RMBI - Richmond Mutual Bancorporation Inc Stock Price, Fair Value and News

11.72USD+0.04 (+0.34%)Market Closed

Market Summary

USD11.72+0.04

Market Closed

0.34%

RMBI Stock Price

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RMBI RSI Chart

RMBI Valuation

Market Cap

127.9M

Price/Earnings (Trailing)

13.49

Price/Sales (Trailing)

1.9

Price/Free Cashflow

11.13

RMBI Price/Sales (Trailing)

RMBI Profitability

Return on Equity

7.03%

Return on Assets

0.65%

Free Cashflow Yield

8.98%

RMBI Fundamentals

RMBI Revenue

Revenue (TTM)

67.4M

Rev. Growth (Yr)

29.96%

Rev. Growth (Qtr)

6.7%

RMBI Earnings

Earnings (TTM)

9.5M

Earnings Growth (Yr)

-41.23%

Earnings Growth (Qtr)

-0.35%

Breaking Down RMBI Revenue

Last 7 days

-2.0%

Last 30 days

-9.6%

Last 90 days

5.8%

Trailing 12 Months

16.4%

How does RMBI drawdown profile look like?

RMBI Financial Health

RMBI Investor Care

Dividend Yield

4.87%

Dividend/Share (TTM)

0.56

Buy Backs (1Y)

4.88%

Diluted EPS (TTM)

0.91

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	55.1M	58.9M	63.1M	67.4M
2022	47.0M	48.3M	49.6M	51.9M
2021	43.2M	43.8M	45.0M	45.9M
2020	42.3M	42.4M	42.3M	42.8M
2019	36.8M	38.6M	40.4M	41.6M
2018	0	0	0	35.2M

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Tracking the Latest Insider Buys and Sells of Richmond Mutual Bancorporation Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 07, 2024	jackson jeffrey a.	bought	10,510	10.51	1,000	-
Oct 24, 2023	jackson jeffrey a.	bought	11,172	9.8	1,140	-
Oct 24, 2023	wetzel m. lynn	bought	78,672	10.022	7,850	-
Oct 24, 2023	hanley harold t. iii	bought	50,462	9.7006	5,202	-
Oct 24, 2023	girten kathryn	bought	10,846	9.86	1,100	-
Oct 24, 2023	hanley harold t. iii	bought	50,030	9.6176	5,202	-
Oct 24, 2023	blum e. michael	bought	11,233	10.212	1,100	-
May 03, 2023	jackson jeffrey a.	bought	27,318	9.1062	3,000	-
May 02, 2023	girten kathryn	bought	47,677	9.73	4,900	-
Mar 07, 2023	benziger donald a	sold	-53,294	12.8205	-4,157	evp, chief financial officer

Which funds bought or sold RMBI recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 08, 2024	BEESE FULMER INVESTMENT MANAGEMENT, INC.	reduced	-0.76	-18,778	436,983	0.04%
Mar 11, 2024	VANGUARD GROUP INC	added	0.02	57,602	1,829,920	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	100	298,234	578,378	-%
Feb 15, 2024	BARCLAYS PLC	reduced	-8.64	-8,000	115,000	-%
Feb 14, 2024	SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	reduced	-27.54	-57,032	169,324	0.17%
Feb 14, 2024	ALLIANCEBERNSTEIN L.P.	added	9.12	1,039,220	9,259,930	-%
Feb 14, 2024	Royal Bank of Canada	added	1,505	3,000	3,000	-%
Feb 14, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	unchanged	-	9,000	287,750	0.01%
Feb 14, 2024	MILLENNIUM MANAGEMENT LLC	sold off	-100	-115,090	-	-%

Are Funds Buying or Selling RMBI?

Are funds buying RMBI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RMBI

No. of Funds

Unveiling Richmond Mutual Bancorporation Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	7.2%	804,512	SC 13G/A
Feb 07, 2024	richmond mutual bancorporation, inc.	9.6%	1,073,452	SC 13G/A
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

Recent SEC filings of Richmond Mutual Bancorporation Inc

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Date Filed	Form Type	Document
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	ARS	ARS
Mar 29, 2024	10-K	Annual Report
Mar 26, 2024	8-K	Current Report
Feb 21, 2024	8-K	Current Report
Feb 14, 2024	SC 13G/A	Major Ownership Report
Feb 09, 2024	4	Insider Trading
Feb 07, 2024	SC 13G/A	Major Ownership Report
Feb 05, 2024	8-K	Current Report
Jan 26, 2024	8-K	Current Report

Peers (Alternatives to Richmond Mutual Bancorporation Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	518.6B	171.1B	-6.55%	27.33%	10.47	3.03	60.72%	31.52%
BAC	277.4B	130.3B	-2.17%	15.28%	10.46	2.13	79.51%	-3.68%
WFC	204.6B	85.7B	-1.00%	36.59%	10.69	2.39	41.49%	39.96%
C	111.2B	133.3B	-0.80%	16.13%	12.05	0.83	79.09%	-
CFG	15.1B	10.2B	-1.99%	8.44%	9.42	1.48	44.53%	-22.43%
KEY	13.5B	7.9B	-0.07%	19.35%	13.94	1.7	46.47%	-49.56%
MID-CAP
CMA	6.6B	4.2B	0.48%	11.63%	7.49	1.58	56.25%	-23.46%
ZION	5.8B	3.9B	-0.96%	29.19%	8.57	1.48	45.91%	-25.03%
ABCB	3.1B	1.3B	-3.03%	32.01%	11.42	2.4	43.24%	-22.35%
ASB	3.0B	2.0B	-0.45%	11.20%	16.48	1.54	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	393.2M	164.9M	-3.99%	28.14%	33.62	2.38	42.66%	-70.76%
AROW	359.4M	162.6M	-8.71%	-4.36%	11.95	2.21	25.39%	-38.37%
ACNB	267.1M	96.6M	-9.56%	1.15%	8.43	2.76	11.02%	-11.37%
ASRV	44.1M	60.9M	1.17%	-15.64%	-13.17	0.72	24.06%	-144.92%

Richmond Mutual Bancorporation Inc News

Latest updates

Richmond Mutual Bancorporation Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	6.7%	19.00	17.00	16.00	15.00	14.00	13.00	12.00	12.00	12.00	12.00	11.00	11.00	11.00	11.00	10.00	10.00	11.00	11.00	10.00	10.00	9.00
Interest Expenses	2.2%	9.00	9.00	9.00	10.00	11.00	11.00	11.00	10.00	10.00	10.00	9.00	9.00	9.00	8.00	8.00	8.00	8.00	8.00	7.00	7.00	7.00
Income Taxes	-14.1%	0.00	0.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	-4.67	-0.90	-0.04	0.00	0.00
Net Income	-0.4%	2.00	2.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	2.00	-12.54	-3.25	0.00	1.00	1.00
Net Income Margin	-18.1%	0.14*	0.17*	0.20*	0.23*	0.25*	0.25*	0.25*	0.25*	0.24*	0.24*	0.24*	0.23*	0.23*	-0.12*	-	-	-	-	-	-	-
Free Cashflow	91.3%	4.00	2.00	3.00	4.00	3.00	5.00	6.00	4.00	-13.36	6.00	-0.06	-2.56	9.00	-0.46	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	2.7%	1,461	1,423	1,409	1,362	1,328	1,279	1,272	1,256	1,268	1,231	1,188	1,141	1,084	1,055	1,140	1,008	986	956	1,083	883	850
Cash Equivalents	-2.0%	20.00	21.00	17.00	17.00	16.00	19.00	14.00	20.00	23.00	20.00	17.00	66.00	49.00	17.00	111	27.00	41.00	41.00	202	31.00	15.00
Net PPE	-0.2%	13.00	13.00	14.00	13.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	15.00	15.00	15.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00
Liabilities	1.7%	1,326	1,304	1,278	1,226	1,196	1,154	1,133	1,099	1,087	1,052	1,006	951	891	863	944	814	798	756	992	794	764
Shareholder's Equity	13.7%	135	119	131	136	132	125	139	157	180	179	183	190	193	192	196	193	188	200	91.00	89.00	86.00
Additional Paid-In Capital	-0.5%	101	102	103	105	106	106	106	113	114	115	118	123	124	126	133	133	133	133	13.00	13.00	13.00
Shares Outstanding	-0.8%	11.00	11.00	11.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	13.00	13.00	13.00	-	-	-	-	-	-	-	-
Float	-	-	-	120	-	-	-	158	-	-	-	181	-	-	-	149	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	96.7%	3,789	1,926	2,811	3,588	3,565	4,616	6,099	3,881	-12,977	5,827	-59.38	-2,435	9,005	114	2,685	4,770	3,178	2,401	2,856	1,662	1,781
Share Based Compensation	756.4%	1,010	-153	-140	379	971	-187	-207	379	1,045	-207	-190	508	958	-151	-142	-	-	121	-	-	-
Cashflow From Investing	0.3%	-21,928	-21,988	-50,760	-27,853	-45,252	-18,342	-36,448	-16,081	-36,180	-42,640	-91,273	-42,095	2,221	-6,790	-50,691	-33,995	-26,287	-35,391	-28,863	-16,225	-29,904
Cashflow From Financing	-23.8%	17,728	23,251	48,024	25,734	38,258	18,659	25,192	8,738	52,359	39,564	42,897	61,286	20,844	-87,232	131,157	16,085	22,330	-128,052	197,485	30,536	-
Dividend Payments	-1.6%	1,447	1,471	1,484	1,520	1,084	1,086	1,099	1,138	799	802	6,830	847	611	605	623	-	-	-	-	-	-
Buy Backs	-42.3%	976	1,692	2,431	1,151	238	647	7,475	1,499	734	4,006	5,235	1,939	-	6,616	-	-	-	-	-	-	-

RMBI Income Statement

2023-12-31

Consolidated Statements of Income - USD ($)	12 Months Ended
Consolidated Statements of Income - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Interest Income
Loans and leases	$ 58,793,495	$ 44,593,660
Investment securities	8,054,095	7,111,383
Other	562,323	152,958
Total interest income	67,409,913	51,858,001
Interest Expense
Deposits	22,809,866	7,128,195
Borrowings	6,937,656	3,091,146
Total interest expense	29,747,522	10,219,341
Net Interest Income	37,662,391	41,638,660
Provision for credit losses	531,974	600,000
Net Interest Income After Provision for Credit Losses	37,130,417	41,038,660
Non-interest Income
Service charges on deposit accounts	1,115,079	1,049,777
Card fee income	1,258,718	1,209,528
Loan and lease servicing fees, including mortgage servicing right impairment	448,027	861,758
Net gains on loan and lease sales	517,883	639,274
Other income	1,271,072	1,106,436
Total non-interest income	4,610,779	4,866,773
Non-interest Expenses
Salaries and employee benefits	17,438,599	18,478,020
Net occupancy expenses	1,333,625	1,425,018
Equipment expenses	1,127,770	1,268,812
Data processing fees	3,348,543	2,712,950
Deposit insurance expense	1,163,060	494,000
Printing and office supplies	163,339	194,462
Legal and professional fees	1,598,453	1,420,352
Advertising expense	385,471	459,478
Bank service charges	204,161	137,601
Real estate owned expense	58,759	30,067
Other expenses	3,916,699	3,535,767
Total non-interest expenses	30,738,479	30,156,527
Income Before Income Tax Expense	11,002,717	15,748,906
Provision for income taxes	1,515,881	2,783,467
Net Income	$ 9,486,836	$ 12,965,439
Earnings Per Share
Basic (in USD per share)	$ 0.91	$ 1.20
Diluted (in USD per share)	$ 0.91	$ 1.17

RMBI Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 8,578,489	$ 7,782,348
Interest-bearing demand deposits	11,661,636	8,139,745
Cash and cash equivalents	20,240,125	15,922,093
Interest-bearing time deposits	0	490,000
Investment securities - available for sale	282,688,326	284,899,665
Investment securities - held to maturity	4,949,530	6,672,233
Loans held for sale	793,500	473,700
Loans and leases, net of allowance for credit losses of $15,663,153 and $12,413,035, respectively	1,090,073,198	961,690,677
Premises and equipment, net	13,311,892	13,668,496
Federal Home Loan Bank stock	12,647,100	9,947,300
Interest receivable	5,843,705	4,710,481
Mortgage-servicing rights	1,945,367	2,011,889
Cash surrender value of life insurance	3,764,929	3,674,499
Other assets	24,766,129	23,865,378
Total assets	1,461,023,801	1,328,026,411
Liabilities
Noninterest-bearing deposits	114,376,777	106,414,812
Interest bearing deposits	926,763,134	898,845,958
Total deposits	1,041,139,911	1,005,260,770
Federal Home Loan Bank advances	271,000,000	180,000,000
Advances by borrowers for taxes and insurance	588,371	560,196
Interest payable	4,396,952	1,369,351
Other liabilities	9,038,991	8,451,521
Total liabilities	1,326,164,225	1,195,641,838
Commitments and Contingent Liabilities	0	0
Stockholders' Equity
Common stock	112,085	117,842
Additional paid-in capital	101,347,566	106,088,897
Retained earnings	87,902,747	88,122,052
Unearned employee stock ownership plan (ESOP)	(11,457,726)	(12,193,043)
Accumulated other comprehensive loss	(43,045,096)	(49,751,175)
Total stockholders' equity	134,859,576	132,384,573
Total liabilities and stockholders' equity	$ 1,461,023,801	$ 1,328,026,411

About Richmond Mutual Bancorporation Inc

Richmond Mutual Bancorporation, Inc. operates as a holding company for First Bank Richmond that provides various banking services. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company 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, it 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. The company was founded in 1887 and is headquartered in Richmond, Indiana.

CEO	Mr. Garry D. Kleer
WEBSITE	firstbankrichmond.com
INDUSTRY	Banks Diversified
EMPLOYEES	183

Richmond Mutual Bancorporation Inc Frequently Asked Questions

What is the ticker symbol for Richmond Mutual Bancorporation Inc? What does RMBI stand for in stocks?

RMBI is the stock ticker symbol of Richmond Mutual Bancorporation Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Richmond Mutual Bancorporation Inc (RMBI)?

As of Wed Apr 17 2024, market cap of Richmond Mutual Bancorporation Inc is 127.94 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RMBI stock?

You can check RMBI's fair value in chart for subscribers.

What is the fair value of RMBI stock?

You can check RMBI's fair value in chart for subscribers. The fair value of Richmond Mutual Bancorporation Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Richmond Mutual Bancorporation Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RMBI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Richmond Mutual Bancorporation Inc a good stock to buy?

The fair value guage provides a quick view whether RMBI is over valued or under valued. Whether Richmond Mutual Bancorporation Inc is cheap or expensive depends on the assumptions which impact Richmond Mutual Bancorporation Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RMBI.

What is Richmond Mutual Bancorporation Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, RMBI's PE ratio (Price to Earnings) is 13.49 and Price to Sales (PS) ratio is 1.9. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RMBI PE ratio will change depending on the future growth rate expectations of investors.