Richmond Mutual Q2 FY26 net income falls 14.4% to $2.2 million; net interest margin widens 29 percentage points to 3.22%
RMBI•RMBI•RMBI•RMBI•The company completed its Farmers Bancorp merger on July 1; Farmers results will be included starting the September 2026 quarter.
Noninterest expense climbed 25.4% to $10.2 million, driven by $1.9 million of nonrecurring merger-related costs.
Credit quality weakened as nonaccrual loans and leases increased to $20 million at June 30, 2026 from year-end 2025.
Richmond Mutual Bancorporation posted Q2 net income of $2.2 million, down 14.4% from a year earlier, with diluted EPS of $0.22.
Net interest income before credit losses rose 12.2% to $12.1 million, lifting net interest margin 29 basis points to 3.22%.
