Richmond Mutual Bancorporation, Inc.RMBI
What Richmond Mutual Bancorporation, Inc. does.
The disclosures set forth in this item are qualified by Item 1A. Risk Factors and the section captioned “Cautionary Note Regarding Forward-Looking Statements” in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of this report and other cautionary statements set forth elsewhere in this report.
Richmond Mutual Bancorporation, Inc., a Maryland corporation, which is sometimes referred to in this document as “Richmond Mutual Bancorporation-Maryland,” was formed in February 2019 to serve as a new stock holding company for First Bank Richmond upon completion of the reorganization of First Bank Richmond from the mutual to stock holding company form of organization. The reorganization was completed on July 1, 2019. Prior to completion of the reorganization, First Bank Richmond was a wholly owned subsidiary of Richmond Mutual Bancorporation, Inc., a Delaware stock corporation, which is sometimes referred to in this document as “Richmond Mutual Bancorporation-Delaware,” and Richmond Mutual Bancorporation-Delaware was a wholly owned subsidiary of First Mutual of Richmond, Inc., a Delaware non-stock mutual holding company (the “MHC”). On July 1, 2019, upon the completion of the reorganization, Richmond Mutual Bancorporation-Delaware and the MHC ceased to exist, and First Bank Richmond became a wholly owned subsidiary of Richmond Mutual Bancorporation-Maryland. In certain circumstances, where appropriate, the terms “Richmond Mutual Bancorporation,” “the Company,” “we, “us” and “our” refer collectively to (i) Richmond Mutual Bancorporation-Delaware and First Bank Richmond with respect to discussions in this document involving matters occurring prior to completion of the reorganization and (ii) Richmond Mutual Bancorporation-Maryland and First Bank Richmond with respect to discussions in this document involving matters to occur post-reorganization, in each case unless the context indicates another meaning.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $40.3M | $43.7M | $46.5M | $42.3M | $43.5M | $48.9M |
| Net income | $10.0M | $11.1M | $13.0M | $9.5M | $9.4M | $11.6M |
| Free cash flow | $14.7M | -$10.2M | $17.8M | $11.5M | $14.3M | $14.6M |
More on RMBI.
- Richmond Mutual Bancorporation, Inc. summary
- Richmond Mutual Bancorporation, Inc. financial statements
- Richmond Mutual Bancorporation, Inc. key metrics
- Richmond Mutual Bancorporation, Inc. health scores and style box
- Richmond Mutual Bancorporation, Inc. earnings
- Richmond Mutual Bancorporation, Inc. dividends
- Richmond Mutual Bancorporation, Inc. valuation
- Richmond Mutual Bancorporation, Inc. ownership and insiders
- Richmond Mutual Bancorporation, Inc. peers
Figures from Richmond Mutual Bancorporation, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.