RMBI

MKT CAP:$145M

Richmond Mutual Bancorporation, Inc.

Market Cap

$145M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$14.60+$0.59 (+4.21%)

Apr 22, 2026

Company Details

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 deman...

CEO

Garry D. Kleer

IPO Date

Jul 2, 2019

Website

www.firstbankrichmond.com

Key Metrics TTM

Revenue

$67M

-20.7% YoY

Net Income

$11M

EPS (Diluted)

$1.10

Free Cash Flow

$19M

Revenue / Share

$6.85

Gross Margin

50.4%

Operating Margin

14.1%

Net Margin

16.2%

FCF Margin

27.9%

P/S

2.1x

P/E

13.2x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$0-100.0%EPS $0.28

Q3 2025

Nov 10, 2025

$23M+7.2%EPS $0.36

Q2 2025

Aug 8, 2025

$22M+5.7%EPS $0.26

Q1 2025

May 9, 2025

$22M+7.1%EPS $0.20

FY 2024

Mar 27, 2025

$85M+18.4%EPS $0.92

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$13M	$11M	$4M
Q2 22	$14M	$11M	$4M
Q3 22	$14M	$11M	$4M
Q4 22	$16M	$12M	$4M
Q1 23	$16M	$11M	$3M
Q2 23	$17M	$10M	$3M
Q3 23	$19M	$10M	$2M
Q4 23	$20M	$10M	$2M
Q1 24	$21M	$11M	$3M
Q2 24	$21M	$10M	$2M
Q3 24	$22M	$11M	$3M
Q4 24	$22M	$11M	$3M
Q1 25	$22M	$11M	$2M
Q2 25	$22M	$11M	$3M
Q3 25	$23M	$12M	$4M
Q1 26	$0	$0	$0

Valuation

Quarter	P/S	P/E
Q1 22	3.6x	16.2x
Q2 22	2.8x	11.9x
Q3 22	2.6x	11.5x
Q4 22	2.4x	10.7x
Q1 23	1.8x	8.2x
Q2 23	1.8x	9.3x
Q3 23	1.7x	10.4x
Q4 23	1.5x	11.7x
Q1 24	1.5x	13.0x
Q2 24	1.5x	14.3x
Q3 24	1.6x	15.0x
Q4 24	1.6x	15.0x
Q1 25	1.5x	14.7x
Q2 25	1.5x	14.3x
Q3 25	1.5x	13.0x
Q1 26	1.9x	11.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$13M	-$13M
Q1 22	$4M	$4M
Q2 22	$6M	$6M
Q3 22	$5M	$5M
Q4 22	$4M	$3M
Q1 23	$4M	$4M
Q2 23	$3M	$3M
Q3 23	$2M	$2M
Q4 23	$4M	$4M
Q1 24	$2M	$2M
Q2 24	$3M	$3M
Q3 24	$3M	$3M
Q4 24	$7M	$7M
Q1 25	$2M	$2M
Q2 25	$5M	$4M
Q3 25	$6M	$6M

Capital Expenditures

Quarter	CapEx
Q4 21	$386.8K
Q1 22	$63.8K
Q2 22	$130.3K
Q3 22	$33.4K
Q4 22	$157.6K
Q1 23	$86.4K
Q2 23	$292.0K
Q3 23	$47.1K
Q4 23	$193.7K
Q1 24	$115.4K
Q2 24	$114.2K
Q3 24	$114.6K
Q4 24	$116.1K
Q1 25	$76.0K
Q2 25	$627.5K
Q3 25	$461.8K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+5.2%	+1.8%
Q2 22	+6.8%	-0.8%
Q3 22	+10.0%	+14.0%
Q4 22	+19.5%	+18.5%
Q1 23	+24.7%	+36.3%
Q2 23	+27.6%	+53.7%
Q3 23	+29.4%	+54.7%
Q4 23	+26.1%	+50.3%
Q1 24	+26.7%	+39.5%
Q2 24	+22.1%	+32.7%
Q3 24	+16.2%	+14.6%
Q4 24	+10.5%	+7.5%
Q1 25	+7.1%	+10.4%
Q2 25	+5.7%	+3.1%
Q3 25	+7.2%	+0.8%
Q1 26	-100.0%	-100.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$603.7K	4.6%
Q1 22	$605.5K	4.6%
Q2 22	$591.2K	4.3%
Q3 22	$575.7K	4.0%
Q4 22	$565.0K	3.6%
Q1 23	$549.9K	3.4%
Q2 23	$524.6K	3.0%
Q3 23	$540.6K	2.9%
Q4 23	$623.6K	3.2%
Q1 24	$521.7K	2.5%
Q2 24	$519.1K	2.5%
Q3 24	$538.3K	2.5%
Q4 24	$556.0K	2.5%
Q1 25	$541.9K	2.5%
Q2 25	$544.6K	2.4%
Q3 25	$222.1K	1.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$5M	$92.2K
Q2 22	$5M	$103.8K
Q3 22	$6M	$85.0K
Q4 22	$3M	$178.4K
Q1 23	$4M	$88.2K
Q2 23	$4M	$78.3K
Q3 23	$5M	$94.7K
Q4 23	$2M	$124.3K
Q1 24	$5M	$88.7K
Q2 24	$5M	$82.1K
Q3 24	$5M	$111.2K
Q4 24	$5M	$95.8K
Q1 25	$5M	$65.6K
Q2 25	$5M	$98.2K
Q3 25	$5M	$109.6K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$14M	$303M	$317M
Q3 22	$19M	$280M	$299M
Q4 22	$16M	$285M	$301M
Q1 23	$18M	$292M	$310M
Q2 23	$18M	$281M	$299M
Q3 23	$21M	$264M	$285M
Q4 23	$20M	$283M	$303M
Q1 24	$20M	$276M	$297M
Q2 24	$19M	$267M	$286M
Q3 24	$20M	$267M	$287M
Q4 24	$22M	$5M	$28M
Q1 25	$27M	$103M	$130M
Q2 25	$28M	$249M	$277M
Q3 25	$34M	$97M	$131M
Q4 25	$26M	$251.9B	$251.9B
Q1 26	$21M	$0	$21M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	11M	+0.0%	-3.3%
Q2 22	11M	-3.0%	-5.2%
Q3 22	11M	-2.6%	-5.6%
Q4 22	11M	-0.5%	-6.0%
Q1 23	11M	-0.4%	-6.4%
Q2 23	10M	-2.4%	-5.8%
Q3 23	10M	-0.9%	-4.2%
Q4 23	10M	-1.2%	-4.8%
Q1 24	10M	-0.3%	-4.7%
Q2 24	10M	-0.5%	-2.8%
Q3 24	10M	+0.4%	-1.6%
Q4 24	10M	+0.4%	-0.0%
Q1 25	10M	-1.7%	-1.4%
Q2 25	10M	-1.2%	-2.1%
Q3 25	10M	-0.2%	-2.7%
Q1 26	10M	-0.8%	-3.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$75.3K	173
Q2 22	$78.6K	173
Q3 22	$82.7K	173
Q4 22	$86.5K	181
Q1 23	$89.7K	181
Q2 23	$95.8K	181
Q3 23	$102.3K	181
Q4 23	$112.1K	176
Q1 24	$116.9K	176
Q2 24	$120.4K	176
Q3 24	$122.3K	176
Q4 24	$126.1K	173
Q1 25	$127.3K	173
Q2 25	$129.4K	173
Q3 25	$133.4K	173
Q1 26	$0	180

Revenue / Employee