Richmond Mutual Bancorporation, Inc. reported net income of $3.4 million for Q4 2025, yielding $0.35 in diluted earnings per share. This marks a 2.8% drop in EPS from the prior quarter’s $0.36, yet a 45.8% increase over Q4 2024’s $0.24. Acquisition-related costs tied to the pending Farmers Bancorp merger shaved $467,000 pre-tax, or $0.04 per share, from quarterly results.

For the twelve months ended December 31, 2025, Richmond Mutual generated $11.6 million in net income, or $1.17 per diluted share, up from $9.4 million and $0.92 per share in 2024. The 23.4% rise in net income was driven by a 16.9% increase in net interest income—spurred by higher loan yields and expanded net interest margin—partially offset by modestly higher credit-loss provisions totaling $1.3 million for the year.

On November 11, 2025, the company agreed to merge with Farmers Bancorp (Frankfort, Indiana). Under the deal, Farmers shareholders will receive 3.40 Richmond Mutual shares per Farmers share, representing roughly $82 million in aggregate consideration. Upon closing in Q2 2026—pending regulatory and shareholder approvals—Farmers shareholders will own about 38% of the combined company, which will retain Richmond Mutual’s name and list on Nasdaq.

Total assets remained stable at $1.5 billion at year-end, with loans and leases net of reserves steady at $1.2 billion. Nonperforming loans rose to $17.4 million (1.46% of loans) from $10.8 million (0.90%) in Q3, prompting a $409,000 credit-loss provision for Q4. Deposits held at $1.1 billion, while tangible book value per share climbed to $13.88, up from $12.29 a year earlier, reflecting strengthened equity to assets of 9.55%.