Richmond Mutual Q2 FY26 net income falls 21.43% to $2.2 million - RMBI News | RalliesRichmond Mutual Q2 FY26 net income falls 21.43% to $2.2 million
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RMBI• Q2 FY26 results
- Richmond Mutual posted Q2 2026 net income of $2.2 million, down 21.43% from Q1 2026, with diluted EPS of $0.22.
- Net interest income rose 5.5% from Q1 to $12.1 million as annualized net interest margin widened 12 basis points to 3.22%.
- Noninterest expense climbed 16.8% from Q1 to $10.2 million, including $1.9 million of non-recurring merger-related costs.
- Provision for credit losses increased to $823,000 as nonperforming loans and leases rose to $21.8 million, or 1.78% of total loans and leases.
- The company completed its merger with Farmers Bancorp on July 1; Farmers results will be included starting the quarter ending Sept. 30, 2026.
