Richmond Mutual Bancorporation Inc. Common Stock (RMBI)

FairStock Score: 62/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am a value investor first, so I ask whether a bank is cheap because it is misunderstood or cheap because it deserves to be. Richmond Mutual Bancorporation is a small holding company for First Bank Richmond, with 174 employees and a plain-vanilla deposit-and-loan model. That can be a decent business, but scale is limited and I see no wide moat. The numbers are mixed. In fiscal 2025, the year ended 2025-12-31, net income was $11.6 million and diluted EPS $1.17, up from $9.4 million and $0.92 in fiscal 2024, the year ended 2024-12-31. Fiscal 2023, the year ended 2023-12-31, was $9.5 million and $0.91. But in fiscal Q2 2026, the quarter ended 2026-06-30, net income was $2.2 million and diluted EPS $0.22, below the $2.6 million and $0.26 in fiscal Q2 2025, the quarter ended 2025-06-30. So the trend is not smooth. FairStock's return on equity is 8.57%, which is modest for a bank. At the close on 2026-10-13, the price was $15.37, or 12.60 times earnings and 1.01 times book, with a 3.92% dividend yield and a low beta of 0.34. A Piotroski F-Score of 5/9 is average. FairStock's Lynch classification is slow grower, with profit growing 2.9% a year over five years, and its 62/100 score suggests neither a bargain nor a reject. The PEG of 0.30 looks attractive only if growth accelerates, which the history does not confirm. For a bank, I would want CET1, net interest margin, nonperforming assets, charge-offs and reserves; none are in the data. Combined ratio is also not given, and D/E is N/A, so leverage and credit risk are not fully judgeable. At about book value, the price seems fair, not compelling.

In plain English: Richmond Mutual is a small bank holding company that takes deposits and makes loans through First Bank Richmond. The business looks stable but not especially strong, with uneven profits and a modest dividend. At the recent price, the stock looks roughly fairly valued compared with its earnings and accounting value, not clearly cheap or expensive.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer