Stocks/RMBI

RMBI

Richmond Mutual Bancorporation, Inc.
Financial Services·Banks - Regional
$14.52
$142M market cap
Revenue
$45.9M
Free Cash Flow
$2.8B
Rev Growth
+0.0%
FCF Margin
6079.2%
P/FCF
0.1x
EV/FCF
0.1x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

Richmond Mutual Bancorporation, Inc. operates as a holding company for First Bank Richmond that provides various banking services. The company accepts various deposits, including savings deposit accounts, money market accounts NOW and demand accounts, and certificates of deposit. It 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.

2-Year Price History

$14.62+41.5%
$11$12$13$14$15volMay 24Sep 24Jan 25May 25Sep 25Jan 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q122.53.43.42.82,7862,786-0.39.7256.09.93.7%0.3x--
Act2025-Q423.44.54.53.42.72.5-0.2287.1252.09.85.1%0.4x--

Valuation & Metrics

Market Stats

Price$14.52
Market Cap$142M
Enterprise Value$388M
P/S Ratio3.1x
P/FCF0.1x
EV/FCF0.1x
FCF Margin (TTM)6079.2%
FCF Yield1963.4%
Dividend Yield (TTM)5.2%
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$45.9M
Net Income$6.2M
Free Cash Flow$2.8B

Revenue Growth (YoY)+0.0%
EBITDA Margin17.2%
Net Margin13.5%
FCF Margin6079.2%
CapEx % of Revenue1.1%
SBC % of Revenue0.5%
ROIC4.4%
WC Change % Rev-7.3%
Interest Coverage0.4x

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares0.2M
Days to Cover3.7
Change (vs Prior)-9.0%
Need at least 2 settlement dates for chart

Employees

Headcount171
Revenue / Employee$268,199
Gross Profit / Employee$146,825

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
8.6%(-0.4% YoY)
56 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
13.6%(+5.3% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-1.0% YoY)
1 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2022-062023-032023-122024-092025-062026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
VANGUARD CAPITAL MANAGEMENT LLCPassive$6.2M$13.57+$6.2M+$6.2M$4.04T
BlackRock, Inc.Passive$5.2M$13.24−$66K+$4.4M-0.2%$5.69T
GEODE CAPITAL MANAGEMENT, LLCPassive$2.6M$13.08−$236K+$1.1M+2.3%$1.61T
STIFEL FINANCIAL CORP$1.8M$11.03−$7K+$19K-0.3%$108.17B
DIMENSIONAL FUND ADVISORS LPPassive$1.6M$11.53+$60K+$307K-0.4%$480.92B
STATE STREET CORPPassive$1.6M$13.37+$59K+$1.1M-0.2%$2.89T
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$1.2M$13.14+$0+$979K+0.1%$184.72B
SEGALL BRYANT & HAMILL, LLC$1.2M$13.91−$1K+$1.2M-0.1%$8.06B
PL Capital Advisors, LLC$838K$13.57+$829K+$838K-1.3%$332M
GAMCO INVESTORS, INC. ET AL$809K$13.37+$0+$809K-0.0%$10.15B
NORTHERN TRUST CORPPassive$768K$13.28+$22K+$484K-0.2%$755.34B
VANGUARD FIDUCIARY TRUST COPassive$695K$13.57+$695K+$695K$395.83B
VANGUARD PORTFOLIO MANAGEMENT LLCPassive$646K$13.57+$646K+$646K$1.91T
KEELER & NADLER FINANCIAL PLANNING & WEALTH MANAGEMENT$584K$10.41+$0+$0-1.2%$294M
Oppenheimer & Close, LLC$543K$11.87+$0+$0+1.1%$159M
RENAISSANCE TECHNOLOGIES LLC$520K$13.14+$100K+$242K+1.2%$63.91B
VISTA INVESTMENT PARTNERS II, LLC$472K$13.41+$2K+$36K+0.0%$222M
BEESE FULMER INVESTMENT MANAGEMENT, INC.$465K$11.87−$0−$22K-0.0%$1.56B
Minerva Advisors LLC$410K$13.89+$0+$3K-1.8%$155M
SeaCrest Wealth Management, LLC$351K$9.03+$0+$0+0.1%$934M
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.16%
avg per quarter
Holders (ex-self)
-0.15%
excl. this stock
Buyers (this Q)
-0.96%
16 buyers · $0.01B in
Sellers (this Q)
-0.06%
28 sellers · $0.00B out
alpha coverage: 76% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-46.4%
how holders react when this stock falls
On quiet Qs
-0.9%
−10% to +10% baseline
On rallies (+10%+)
-36.2%
how they react when this stock rises
Holders' portfolio flow this Q
+1.8%
inflows — adds are organic
Sellers' portfolio flow this Q
+4.2%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-2.9%
Holder mid (any stock)
-0.9%
Holder rally (any stock)
-3.6%

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

0311K622K933K1.2M$9.03$10$11$13$142021-062022-062023-062024-062025-062026-03
hover the chart for per-quarter detailprice (right axis)
ALLIANCEBERNSTEIN L.P.M3F, Inc.Keeley-Teton Advisors, LLCFJ Capital Management LLCMILLENNIUM MANAGEMENT LLCSTIFEL FINANCIAL CORP133KRENAISSANCE TECHNOLOGIES LLC38KARROWSTREET CAPITAL, LIMITED PARTNERSHIP91KSEGALL BRYANT & HAMILL, LLC86KGAMCO INVESTORS, INC. ET AL60K

Corporate

Insider Trading (last 12mo)

Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$12K
2 txns · 1 insider · 844 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
DateSideInsiderTitleSharesPriceDollarsOwned $
2026-02-19BUYDaily William A. Jr.officer: Market President (West Ohio)560$14.29$8K$12K
2026-01-28BUYDaily William A. Jr.officer: Market President (West Ohio)285$14.06$4K$4K

Order Flow (FINRA, ~3w lag)

50.0%retail-3.5pp
12.4%dark+2.7pp
week of 2026-04-13
0%10%20%30%40%50%60%24-1125-0225-0525-0825-1126-0226-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

Richmond Mutual Bancorporation, Inc.: Administrative shell lacks substantive forensic triggers

Overall Risk
3/10
Fraud
1/10
Dilution
2/10
Insolvency
3/10
Earnings Overstated
5/10
Hidden Liabilities
2/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10