RMBI Stock Analysis
RM
Uncovered
Richmond Mutual Bancorporation Inc is uncovered by Eyestock quantitative analysis.
Upside
To determine whether the current price is a reasonable to buy a stock, we compare it to our estimate of fair value. The more undervalued a stock is, the higher the upside.
Undervalued
Richmond Mutual Bancorporation, Inc. operates as the holding company of First Bank Richmond. The company is headquartered in Richmond Indiana, Indiana. The company went IPO on 2019-07-02. Its primary business consists of accepting deposits from the public, as well as brokered deposits, and investing those funds primarily in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one-to four-family residences. The company offers a variety of loans, such as commercial and industrial loans, including equipment loans and working capital lines of credit, construction and development loans, residential real estate loans, including home equity loans and lines of credit, and consumer loans. The company is also involved in lease financing, which consists of direct financing leases and is used by its commercial customers to finance purchases of equipment. Its deposit consists of savings deposit accounts, money market accounts, and certificates of deposit. The company offers fee-based financial services, including investment management services and retirement plan administration.