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Richmond Mutual Bancorporation, Inc.: Business Overview, Financials & Competitive Analysis

Richmond Mutual Bancorporation, Inc. scores 5/10 on the AskCyborg Cyborg Score (Mixed). Dividend-focused regional bank with growth potential through merger, facing interest rate sensitivity and limited competitive differentiation. Richmond Mutual lacks a competitive edge and is highly exposed to interest rates, limiting its growth prospects and investment appeal. The pending merger offers strategic expansion, but the company operates in a.

What is Richmond Mutual Bancorporation, Inc.'s industry? Richmond Mutual Bancorporation, Inc. (firstbankrichmond.com) operates in Community Banking & Regional Banks. AskCyborg classifies Richmond Mutual Bancorporation, Inc. under Community Banking & Regional Banks in its company registry.

Richmond Mutual Bancorporation is a bank holding company for First Bank Richmond that provides savings accounts, online and mobile banking, loans, mortgages, credit cards, and cash management services. The company ope...

5/ 10Mixed

Cyborg Score thesis

Dividend-focused regional bank with growth potential through merger, facing interest rate sensitivity and limited competitive...

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Industry Community Banking & Regional Banks
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 19, 2026
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Richmond Mutual Bancorporation, Inc. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Richmond Mutual Bancorporation, Inc. Overview

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Richmond Mutual Bancorporation is a bank holding company for First Bank Richmond that provides savings accounts, online and mobile banking, loans, mortgages, credit cards, and cash management services. The company operates as the bank holding company for First Bank Richmond that provides various banking services in Cambridge City.

Strategic Profile

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The company announced a transformational strategic merger with The Farmers Bancorp in November 2025, creating a $2.6 billion asset community bank with 24 branches. Richmond Mutual's investment case relies on its above-average dividend yield compared to other regional banks, though growth prospects remain limited.

Competitive Landscape

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Richmond Mutual lacks a competitive edge compared to other regional banks and is highly exposed to interest rate fluctuations. Competitors include other community banks and regional financial institutions such as Sound Financial Bancorp, FVCBankcorp, and Avidia Bancorp operating in similar markets.

Industry Context

Richmond Mutual Bancorporation, Inc. operates in Community Banking & Regional Banks.

Key facts

Founded: 2019 · Headquarters: Richmond, Indiana · Revenue: $42.92M · Market cap: $135.01M

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on Richmond Mutual Bancorporation, Inc..

  • Announced major strategic merger with The Farmers Bancorp in November 2025 to create a $2.6 billion asset bank
  • Revenue grew 2.81% in 2024 to $42.92 million, though earnings declined 1.15% to $9.38 million
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Recent developments

Material events tracked by the AskCyborg corpus.

  • November 2025Announced definitive agreement to merge with The Farmers Bancorp in all-stock transaction valued at $82 million
  • November 2025Declared quarterly dividend of $0.15 per share
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Community Banking ServicesRegional community bank competitor→Banking ServicesCommunity bank holding company→Regional BankingCommunity bank services provider→

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Industry context

Richmond Mutual Bancorporation, Inc. operates in Community Banking & Regional Banks. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Richmond Mutual Bancorporation, Inc. do?+
Richmond Mutual Bancorporation is a bank holding company for First Bank Richmond that provides savings accounts, online and mobile banking, loans, mortgages, credit cards, and cash management services. The company ope...
What is Richmond Mutual Bancorporation, Inc.'s Cyborg Score?+
Richmond Mutual Bancorporation, Inc. has a Cyborg Score of 5/10 (Mixed). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Richmond Mutual Bancorporation, Inc.'s main competitors?+
Named competitors include Community Banking Services, Banking Services, Regional Banking. The full competitive landscape is in the AskCyborg report.
How can I get the full Richmond Mutual Bancorporation, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Richmond Mutual Bancorporation, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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