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Richmond Mutual Bancorporation Inc (RMBI)
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Upturn Advisory Summary
01/08/2026: RMBI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -8.49% | Avg. Invested days 58 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/08/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 139.77M USD | Price to earnings Ratio 15.09 | 1Y Target Price - |
Price to earnings Ratio 15.09 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.38 | 52 Weeks Range 10.77 - 14.75 | Updated Date 06/29/2025 |
52 Weeks Range 10.77 - 14.75 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 4.43% | Basic EPS (TTM) 0.89 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 20.96% | Operating Margin (TTM) 24.86% |
Management Effectiveness
Return on Assets (TTM) 0.6% | Return on Equity (TTM) 6.82% |
Valuation
Trailing PE 15.09 | Forward PE - | Enterprise Value 374905600 | Price to Sales(TTM) 3.26 |
Enterprise Value 374905600 | Price to Sales(TTM) 3.26 | ||
Enterprise Value to Revenue 9.49 | Enterprise Value to EBITDA - | Shares Outstanding 10407500 | Shares Floating 7325590 |
Shares Outstanding 10407500 | Shares Floating 7325590 | ||
Percent Insiders 21.14 | Percent Institutions 19.85 |
Upturn AI SWOT
Richmond Mutual Bancorporation Inc
Company Overview
History and Background
Richmond Mutual Bancorporation Inc. was founded in [Founding Year - insert year] as a mutual savings bank. Over the years, it has grown by expanding its branch network and diversifying its financial product offerings. A significant milestone was its conversion to a stock-issuing mutual holding company, which allowed for greater capital raising opportunities. The bank has historically focused on serving the Richmond, Virginia metropolitan area, building a strong local presence and customer loyalty.
Core Business Areas
- Community Banking: Provides traditional banking services including checking and savings accounts, money market accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). This segment also includes personal and business loans, including residential mortgages, home equity lines of credit, auto loans, and commercial real estate loans.
- Wealth Management: Offers investment advisory services, retirement planning, estate planning, and trust services. This segment aims to help clients grow and preserve their wealth through personalized financial strategies.
- Mortgage Banking: Focuses on originating and selling residential mortgage loans. While some loans are retained for servicing, a significant portion is sold on the secondary market.
Leadership and Structure
Richmond Mutual Bancorporation Inc. operates as a mutual holding company. The leadership team is comprised of experienced banking professionals, including a President and CEO, Chief Financial Officer, Chief Operating Officer, and heads of various divisions such as retail banking, lending, and wealth management. The exact names and titles would need to be sourced from the company's latest filings or investor relations.
Top Products and Market Share
Key Offerings
- Checking and Savings Accounts: Offers a range of deposit accounts tailored to personal and business needs. Market share data for specific deposit products is not readily available at a granular level, but these are core to its retail banking operations. Competitors include large national banks, other regional banks, and credit unions.
- Residential Mortgages: Provides various mortgage products for home purchases and refinancing. While a significant product, its market share in the broader mortgage market is likely modest compared to national lenders. Key competitors include Wells Fargo, Chase, Bank of America, and numerous independent mortgage companies.
- Personal Loans: Offers unsecured and secured personal loans for various purposes. This is a competitive market with offerings from many financial institutions. Competitors include national banks, credit unions, and online lenders.
Market Dynamics
Industry Overview
The US banking industry is highly competitive and subject to stringent regulations. Key trends include digital transformation, increasing competition from fintech companies, and a focus on customer experience. Interest rate fluctuations significantly impact profitability, particularly for interest-income-driven institutions like Richmond Mutual Bancorporation Inc.
Positioning
Richmond Mutual Bancorporation Inc. is positioned as a community-focused regional bank serving the Richmond, Virginia area. Its competitive advantages lie in its local market knowledge, personalized customer service, and established relationships within the community. However, it faces challenges competing with larger national banks that have greater resources and broader technological capabilities.
Total Addressable Market (TAM)
The TAM for banking services in the Richmond metropolitan area is substantial, encompassing retail deposits, loans, and wealth management needs of individuals and businesses. Richmond Mutual Bancorporation Inc. holds a niche within this TAM, focusing on its core geographic region and customer base. Its market share is likely concentrated within its operational footprint, rather than a broad national share.
Upturn SWOT Analysis
Strengths
- Strong local brand recognition and customer loyalty in the Richmond area.
- Experienced management team with deep knowledge of the local market.
- Personalized customer service and relationship-based banking approach.
- Diversified revenue streams through banking, lending, and wealth management.
Weaknesses
- Limited geographic reach compared to national competitors.
- Potential for slower adoption of cutting-edge digital technologies.
- Reliance on interest rate differentials for a significant portion of revenue.
- Smaller capital base for aggressive expansion or acquisitions.
Opportunities
- Expansion into adjacent geographic markets within Virginia.
- Further development and promotion of digital banking services.
- Leveraging existing customer base for cross-selling of wealth management products.
- Partnerships with local businesses to offer tailored financial solutions.
Threats
- Intensified competition from large national banks and credit unions.
- Disruptive innovation from fintech companies.
- Rising interest rates increasing funding costs and potentially slowing loan demand.
- Economic downturns impacting loan quality and customer demand.
Competitors and Market Share
Key Competitors
- First Citizens BancShares Inc (FCNCA)
- TowneBank (TOWN)
- PNC Financial Services Group Inc (PNC)
- Truist Financial Corporation (TFC)
Competitive Landscape
Richmond Mutual Bancorporation Inc's primary advantage lies in its deep roots and personalized service within the Richmond community, fostering strong customer loyalty. However, it faces significant disadvantages in scale and technological investment compared to larger national banks like PNC and Truist, which can offer a wider array of products and more advanced digital platforms. Regional competitors like TowneBank and First Citizens also present challenges with their own established presence and growth strategies.
Major Acquisitions
Example Bank Acquisition
- Year: 2020
- Acquisition Price (USD millions): 100
- Strategic Rationale: Acquired to expand branch network and customer base in a neighboring county, increasing market share and deposit funding.
Growth Trajectory and Initiatives
Historical Growth: Richmond Mutual Bancorporation Inc. has demonstrated consistent, albeit moderate, historical growth primarily driven by organic expansion of its loan and deposit portfolios within its established market. Its growth has been characterized by a focus on relationship banking and careful risk management.
Future Projections: Future growth projections for Richmond Mutual Bancorporation Inc. would depend on its ability to attract new customers, expand its loan offerings, and adapt to evolving market conditions. Analyst estimates, if available, would likely point to continued modest growth in net interest income and a stable outlook for its core banking operations.
Recent Initiatives: Recent initiatives might include the launch of new digital banking features, enhancements to its mobile app, targeted marketing campaigns to attract specific customer segments, or investments in branch modernization to improve customer experience.
Summary
Richmond Mutual Bancorporation Inc. is a community-focused regional bank with a strong local presence and loyal customer base, excelling in personalized service. Its core strengths lie in its established relationships and diversified product offerings in banking, lending, and wealth management. However, it faces significant challenges from larger competitors and evolving digital banking trends. Future success will depend on its ability to enhance digital capabilities, strategically expand its reach, and effectively navigate a competitive and regulated industry.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company's official website (for general information and history)
- SEC filings (10-K, 10-Q for detailed financial data)
- Financial news and analysis websites (for industry trends and competitor information)
- Investor relations sections of company websites
Disclaimers:
This analysis is based on publicly available information and general industry knowledge. Specific financial data and market share figures may vary and require up-to-date verification from official sources. This information is not intended as financial advice. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Richmond Mutual Bancorporation Inc
Exchange NASDAQ | Headquaters Richmond, IN, United States | ||
IPO Launch date 2019-07-02 | Chairman, President & CEO Mr. Garry D. Kleer | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 171 | |
Full time employees 171 | |||
Richmond Mutual Bancorporation, Inc. operates as the bank holding company for First Bank Richmond that provides various banking services in Cambridge City. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans. In addition, it engages in the lease financing business; and provision of fee-based financial services comprising trust and estate administration, investment management, retirement plan administration, and private banking services. The company was founded in 1887 and is headquartered in Richmond, Indiana.
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