Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
02 July 2019Website:
http://www.firstbankrichmond.comNext earnings report:
18 October 2024Last dividends:
04 September 2024Next dividends:
N/APrice
after hours | Thu, 03 Oct 2024 20:00:09 GMTAnalysts recommendations
Institutional Ownership
RMBI Latest News
Richmond Mutual Bancorporation, Inc. offers a high dividend yield, but deteriorating fundamentals make it a less attractive income pick in the banking sector. Recent financial performance shows declining net interest income, low non-interest income, and increasing operating expenses, leading to lower profitability and questionable dividend sustainability. With weak growth prospects and potential issues with its dividend, Richmond's stock valuation near book value may not be justified, making it a less favorable investment option.
Richmond Mutual Bancorporation's investment thesis is based on its higher dividend yield compared to other regional banks, although there is room for improvement in its growth prospects and business diversification. The bank's financial performance suffered from the regional banking crisis, but its credit quality remained solid.
Richmond Mutual Bancorporation offers a dividend yield above 5%, making it an attractive investment option. The bank operates in Indiana and Ohio, primarily focusing on attracting deposits and making loans. Richmond's financial performance has been stable, with strong growth in revenues and net interest income.
What type of business is Richmond Mutual Bancorporation?
Richmond Mutual Bancorporation, Inc. operates as the bank holding company for First Bank Richmond that provides various banking services. 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.
What sector is Richmond Mutual Bancorporation in?
Richmond Mutual Bancorporation is in the Financial Services sector
What industry is Richmond Mutual Bancorporation in?
Richmond Mutual Bancorporation is in the Banks - Regional industry
What country is Richmond Mutual Bancorporation from?
Richmond Mutual Bancorporation is headquartered in United States
When did Richmond Mutual Bancorporation go public?
Richmond Mutual Bancorporation initial public offering (IPO) was on 02 July 2019
What is Richmond Mutual Bancorporation website?
https://www.firstbankrichmond.com
Is Richmond Mutual Bancorporation in the S&P 500?
No, Richmond Mutual Bancorporation is not included in the S&P 500 index
Is Richmond Mutual Bancorporation in the NASDAQ 100?
No, Richmond Mutual Bancorporation is not included in the NASDAQ 100 index
Is Richmond Mutual Bancorporation in the Dow Jones?
No, Richmond Mutual Bancorporation is not included in the Dow Jones index
When was Richmond Mutual Bancorporation the previous earnings report?
No data
When does Richmond Mutual Bancorporation earnings report?
The next expected earnings date for Richmond Mutual Bancorporation is 18 October 2024