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Richmond Mutual reports Q3 net income of $1.75 million

Richmond Mutual reported third-quarter 2026 net income of $1.75 million, or $0.11 per diluted share. That compares with $2.23 million in the prior quarter and $3.60 million a year earlier. Results included a $6.12 million provision for credit losses and $3.0 million in merger-related expenses.

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What happened

Richmond Mutual Bancorporation reported third-quarter 2026 net income of $1.7 million and earnings of $0.11 per share. Income was lower than in the prior quarter and a year earlier. The company said higher credit-loss provisions and other expenses drove the decline.

Global impact / market context

Lower income means less profit was reported for the quarter. The company linked the decline to higher amounts set aside for possible loan losses and to other expenses, including merger-related costs. The facts do not show what results will be next.

What to watch

  1. Check the next reported amount set aside for possible loan losses; it was $6.1 million this quarter and affected income.
  2. Check for further reported losses tied to the commercial real estate loan; this quarter included a $4.5 million partial write-off on that loan.
  3. Check whether merger-related expenses appear again and at what amount; they were $3.0 million this quarter.

Affected assets

  • Richmond Mutual Bancorporation, Inc.

Evidence