RMBI net income falls 14.4% to $2.2M as merger costs offset margin gains

Filed August 13, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

• high

  Net income declined 14.4% to $2.2M (diluted EPS $0.22, down 15.4%) despite a 29 bp margin expansion to 3.22%, as $1.9M in nonrecurring merger-related expenses more than offset improved asset yields and lower deposit costs.

  MD&A: Net Income & Margin verify on EDGAR →
• high

  Farmers Bancorp merger completed July 1, 2026 (one day after quarter-end), issuing 6.3M shares (~$99.3M consideration) and expanding the branch network from 13 to 19 locations across Indiana and Ohio under the new First Bank Midwest brand.

  Notes: Farmers Bancorp Acquisition view on EDGAR →
• high

  Nonaccrual loans surged to $20.0M from $5.6M a year earlier, driven by two multifamily loans totaling $5.9M placed on nonaccrual during H1 2026, including a $3.5M loan modified with a rate cut and 50% interest capitalization for a borrower in financial difficulty.

  MD&A: Nonaccrual Loans; Notes: Loan Modification verify on EDGAR →