Richmond Mutual Q2 net income falls to $2.2M on $1.9M merger-related expenses
Richmond Mutual Bancorporation reported second quarter 2026 net income of $2.2 million, or $0.22 per diluted share, down from $2.8 million and $0.28 in the first quarter and from $2.6 million and $0.26 a year earlier. Net interest income and net interest margin rose, and noninterest income increased, but higher noninterest expense from $1.9 million of merger-related costs and a higher provision for credit losses reduced profit. The results do not yet include Farmers Bancorp, whose merger closed July 1, 2026 and will first be reflected in third quarter results.
Key points
- Diluted EPS was $0.22, compared with $0.28 in Q1 2026 and $0.26 in Q2 2025.
- Net interest income rose 5.5% to $12.1 million from Q1 2026; net interest margin was 3.22%, up from 3.10%.
- Noninterest expense included $1.9 million of nonrecurring merger-related expenses tied to the Farmers Bancorp acquisition.
- Provision for credit losses was $823,000, up from $693,000 in Q1 2026; nonperforming loans were 1.78% of total loans at June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.