Richmond Mutual Bancorporation Q3 2026 net income falls 53% year over year to $1.7 million

Bitget2026/10/30 21:27

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Richmond Mutual Bancorporation’s third-quarter 2026 net income fell 53% year-over-year to $1.7 million.
Net interest income more than doubled year-over-year to $22.8 million, primarily due to the Farmers Bancorp merger completed July 1, 2026.
Provision for credit losses rose year-over-year to $6.1 million, primarily to replenish reserves following charge-offs and address increased nonperforming loans.
Noninterest expense more than doubled year-over-year to $20 million, including $3 million in nonrecurring merger-related expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Richmond Mutual Bancorporation Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-068629), on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Richmond Mutual Bancorporation Q3 2026 net income falls 53% year over year to $1.7 million

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