Richmond Mutual reports Q3 net income of $1.75 million
Richmond Mutual reported Q3 2026 net income of $1.75M, down from previous periods, with EPS at $0.11. Net interest income rose to $22.85M, but credit losses increased to $6.12M. The company completed a merger with Farmers Bancorp, forming First Bank Midwest. Nine-month net income was $6.76M, down from $8.17M in 2025. According to the company, nonrecurring merger expenses were $3.0M.
How this was made
The 30-second read
Why it matters
The earnings miss and high credit loss provision could pressure the stock, but merger integration may offer upside.
Market read
Micro-cap bank earnings with modest impact on broader market.
What to watch
Potential capital ratio improvement under new regulatory framework.
Background
Richmond Mutual Bancorporation reported Q3 results after completing a merger with Farmers Bancorp.
Ticker impact
Q3 2026 earnings release showing net income of $1.75M and a $6.12M credit loss provision.
likely downside as market prices in higher credit loss provision and lower earnings
Net income fell sharply YoY and a significant provision suggests deteriorating loan quality.
Market effects
May signal stress in regional banking sector.
Limited to US regional banks.
Low
Counterpoint
If the merger synergies materialize, the stock could rebound despite short-term loss.
Key entities
- companyRichmond Mutual Bancorporation, Inc.
Regional bank reporting earnings.
- companyFarmers Bancorp
Merged with Richmond Mutual.