RMBI reports Q2 EPS of $0.22, down 21% on $1.9M merger costs; NPLs rise to 1.78%

Filed July 27, 2026 · Period ending July 27, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net income fell to $2.2M ($0.22/share) from $2.8M ($0.28/share) in Q1, driven by $1.9M in non-recurring merger-related expenses and higher credit provisions. Year-over-year EPS declined 15% from $0.26.

  Exhibit 99.1 view on EDGAR →
• high

  Nonperforming loans jumped to $21.8M (1.78% of loans) from $17.4M (1.46%) at year-end, driven by two multi-family loans totaling $5.9M, including a $3.5M loan placed on nonaccrual due to troubled modification. NPL coverage fell to 77.9% from 94.6%.

  Exhibit 99.1 view on EDGAR →
• high

  Completed merger with Farmers Bancorp on July 1, 2026; combined bank operates as First Bank Midwest. Q2 results exclude Farmers operations, which will first appear in Q3 2026.

  Exhibit 99.1 view on EDGAR →