Richmond Mutual Bancorp Q3 net income falls to $1.7 million on higher credit provision
Richmond Mutual Bancorporation reported third quarter 2026 net income of $1.7 million, or $0.11 per diluted share, down from $2.2 million, or $0.22, in the second quarter and $3.6 million, or $0.36, in the third quarter of 2025. The decline was driven mainly by a $6.1 million provision for credit losses and $3.0 million of nonrecurring merger-related expenses, while net interest income rose to $22.8 million after the July 1, 2026 Farmers Bancorp merger.
Key points
- Net income $1.7 million, or $0.11 diluted EPS, versus $0.22 in Q2 2026 and $0.36 in Q3 2025
- Provision for credit losses $6.1 million, compared with $823,000 in Q2 2026
- Net interest income rose 89.2% to $22.8 million from $12.1 million in Q2 2026
- Merger with Farmers Bancorp completed July 1, 2026; total assets $2.60 billion at September 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 October 30, 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.