Richmond Mutual Bancorporation | 10-Q: FY2025 Q3 Revenue: USD 23.11 M

Revenue: As of FY2025 Q3, the actual value is USD 23.11 M.

EPS: As of FY2025 Q3, the actual value is USD 0.36.

EBIT: As of FY2025 Q3, the actual value is USD -7.053 M.

Interest Income: Total interest income for the three months ended September 30, 2025, was $21.8 million, compared to $20.3 million for the same period in 2024. For the nine months ended September 30, 2025, interest income was $64.0 million, compared to $59.9 million in 2024.

Net Income: Net income for the three months ended September 30, 2025, was $3.6 million, compared to $2.5 million for the same period in 2024. For the nine months ended September 30, 2025, net income was $8.2 million, compared to $6.9 million in 2024.
Net Interest Income: Net interest income for the three months ended September 30, 2025, was $11.3 million, compared to $9.4 million for the same period in 2024. For the nine months ended September 30, 2025, net interest income was $32.3 million, compared to $28.8 million in 2024.
Provision for Credit Losses: Provision for credit losses for the three months ended September 30, 2025, was $269,000, compared to a reversal of $99,000 for the same period in 2024. For the nine months ended September 30, 2025, provision for credit losses was $1.7 million, compared to $355,000 in 2024.

Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $13.3 million, compared to $8.0 million for the same period in 2024.
Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was $4.3 million, compared to $30.3 million for the same period in 2024.
Net Cash Provided by Financing Activities: For the nine months ended September 30, 2025, net cash provided by financing activities was $3.5 million, compared to $21.7 million for the same period in 2024.

Nonaccrual Loans and Leases: Nonaccrual loans and leases totaled $6.4 million at September 30, 2025, compared to $5.1 million at December 31, 2024.

Core Business Focus: The Company remains focused on its strategic growth markets: Columbus, Ohio, Cincinnati/Dayton/Springfield, Ohio, and Indianapolis, Indiana, which continue to exhibit above-average population and employment growth, strong commercial activity, and resilient real estate fundamentals.
Economic Outlook: As of September 30, 2025, key economic factors such as persistent inflation, slowing economic growth, and labor market uncertainty continue to influence the Company’s loan and lease portfolio. Despite these challenges, the Company’s overall credit quality remains stable, supported by conservative underwriting standards and ongoing portfolio monitoring.