RMBI

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EXHIBIT 99.1

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2026 THIRD QUARTER FINANCIAL RESULTS

RICHMOND, INDIANA (October 30, 2026) – Richmond Mutual Bancorporation, Inc., a Maryland corporation (the “Company”) (NASDAQ: RMBI), parent company of First Bank Midwest, today reported net income of $1.7 million, or diluted earnings per share of $0.11, for the third quarter of 2026. This compares to net income of $2.2 million, or $0.22 diluted earnings per share, for the second quarter of 2026, and net income of $3.6 million, or diluted earnings per share of $0.36, for the third quarter of 2025.

The decrease in net income from the second quarter of 2026 and the third quarter of 2025 was primarily due to higher provision for credit losses, as well as noninterest expense. The provision for credit losses totaled $6.1 million during the third quarter of 2026, compared to $823,000 in the prior quarter and $269,000 in the third quarter of 2025. The increase in provision was primarily due to the need to replenish and increase the allowance for credit losses following $6.1 million of net charge-offs during the quarter, including a partial charge-off of $4.5 million on a nonaccruing commercial real estate loan, which was transferred to other real estate owned during the current quarter, and an $803,000 charge-off on a commercial and industrial loan, as well as an increase in non-performing loans. In addition, noninterest expense during the quarter included $3.0 million of nonrecurring merger-related expenses associated with the acquisition of Farmers Bancorp. These items were partially offset by a preliminary bargain purchase gain recognized on the Company’s acquisition of Farmers Bancorp of $1.6 million.

Net income for the nine months ended September 30, 2026 was $6.8 million, or $0.56 diluted earnings per share, compared to net income of $8.2 million, or $0.82 diluted earnings per share, for the same period in 2025.

On July 1, 2026, the Company completed its previously announced merger with Farmers Bancorp pursuant to the Agreement and Plan of Merger dated November 11, 2025. Immediately thereafter, The Farmers Bank merged with and into First Bank Richmond. The combined company continues to operate as Richmond Mutual Bancorporation, Inc., while the combined bank is operating under the name First Bank Midwest. The combined company continues to trade on the Nasdaq Capital Market under the ticker symbol “RMBI.” The administrative headquarters of the holding company remains in Richmond, Indiana, while the combined bank is headquartered in Frankfort, Indiana.

The financial results presented in this earnings release reflect the Company’s operations following the completion of the merger on July 1, 2026. Accordingly, the Company’s financial results for the quarter ended September 30, 2026, include the operating results of the combined company. Financial results for periods prior to July 1, 2026, reflect the operations of Richmond Mutual Bancorporation, Inc., on a standalone basis, and do not include the operations of Farmers Bancorp.

Message from the Chairman and CEO

Garry Kleer, Chairman and Chief Executive Officer, commented, “Our third quarter results reflected the impact of our merger with Farmers Bancorp, which significantly expanded our balance sheet and increased net interest income compared to both the prior quarter and the third quarter of last year. Earnings were impacted by a higher provision for credit losses and increased noninterest expense. As we move forward, our focus remains on successfully integrating the two organizations, realizing the strategic benefits of the combination and continuing to serve our customers and communities.”

Third Quarter Performance Highlights

•Net interest income increased by $10.8 million, or 89.2%, to $22.8 million for the three months ended September 30, 2026, from $12.1 million for the quarter ended June 30, 2026. Net interest income increased by $11.6 million, or 102.3%, from $11.3 million for the comparable quarter in 2025.

•Annualized net interest margin was 3.68% for the current quarter, compared to 3.22% in the prior quarter and 3.07% for the comparable quarter in 2025.

•A provision for credit losses of $6.1 million was recorded for the quarter ended September 30, 2026, compared to $823,000 and $269,000 for the quarters ended June 30, 2026 and September 30, 2025, respectively.

•Noninterest income increased $3.0 million to $4.6 million for the three months ended September 30, 2026, compared to $1.6 million for the quarter ended June 30, 2026, and increased $3.3 million from $1.3 million for the comparable quarter in 2025.

•Noninterest expense increased $9.8 million to $20.0 million for the three months ended September 30, 2026, which included $3.0 million in nonrecurring merger-related expenses, compared to $10.2 million for the quarter ended June 30, 2026, and increased $11.9 million from $8.1 million for

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EXHIBIT 99.1

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES 2026 SECOND QUARTER FINANCIAL RESULTS

RICHMOND, INDIANA (July 27, 2026) – Richmond Mutual Bancorporation, Inc., a Maryland corporation (the “Company”) (NASDAQ: RMBI), parent company of First Bank Richmond, today reported net income of $2.2 million, or diluted earnings per share of $0.22, for the second quarter of 2026. This compares to net income of $2.8 million, or $0.28 diluted earnings per share, for the first quarter of 2026, and net income of $2.6 million, or diluted earnings per share of $0.26, for the second quarter of 2025.

The decrease in net income and diluted earnings per share from the first quarter of 2026 was primarily due to higher noninterest expense, reflecting $1.9 million of non-recurring merger-related expenses associated with the Company’s acquisition of The Farmers Bancorp, Frankfort, Indiana (“Farmers Bancorp”), as well as a higher provision for credit losses. These items were partially offset by higher net interest income resulting from an expanded net interest margin and increased average loan balances, as well as higher noninterest income. Compared to the second quarter of 2025, net income decreased primarily as a result of merger-related expenses and a higher provision for credit losses, partially offset by higher net interest income driven by an expanded net interest margin and increased average interest-earning assets, together with higher noninterest income.

On July 1, 2026, the Company completed its previously announced merger with Farmers Bancorp pursuant to the Agreement and Plan of Merger dated November 11, 2025. Immediately thereafter, The Farmers Bank merged with and into First Bank Richmond. The combined company continues to operate as Richmond Mutual Bancorporation, Inc., while the combined bank is operating under the name First Bank Midwest. The combined company continues to trade on the Nasdaq Capital Market under the ticker symbol “RMBI.” The administrative headquarters of the holding company remains in Richmond, Indiana, while the combined bank is headquartered in Frankfort, Indiana.

The financial results presented in this earnings release reflect the Company’s operations through June 30, 2026, immediately prior to the completion of the merger. Accordingly, the operating results of Farmers Bancorp will first be included in the Company’s financial results for the quarter ending September 30, 2026.

CEO’s and President’s Message

Garry Kleer, Chairman and Chief Executive Officer, commented, “Our second quarter results reflected continued improvement in our core operating performance, highlighted by growth in net interest income and expansion of our net interest margin compared to both the prior quarter and the second quarter of last year. Loan growth remained solid, funding costs continued to improve, and our capital position remained strong. While earnings were impacted by a higher provision for credit losses and merger-related expenses during the quarter, we believe the Company entered this next phase from a position of financial strength.

“The successful completion of our merger with Farmers Bancorp marks an important milestone in our Company’s history. The combination creates a stronger community banking franchise with greater scale, an expanded market presence and enhanced opportunities to serve our customers and communities. I am pleased to welcome Christopher Cook as our President, along with our new colleagues from Farmers Bancorp, and I look forward to working together as we integrate our organizations and execute on the strategic opportunities this combination creates,” concluded Kleer.

Christopher Cook, President stated, “I am honored to join Richmond Mutual at such an exciting time. Our immediate priority is a successful integration that is seamless for our customers, employees and communities, while positioning the combined organization to realize the long-term benefits of this merger. I look forward to working alongside Garry and our entire team as we build on the strong foundation established by both organizations.”

Second Quarter Performance Highlights:

•Net interest income increased by $628,000, or 5.5%, to $12.1 million for the three months ended June 30, 2026, from to $11.4 million for the quarter ended March 31, 2026. Net interest income increased by $1.3 million, or 12.2%, from $10.8 million for the comparable quarter in 2025.

•Annualized net interest margin was 3.22% for the current quarter, compared to 3.10% in the prior quarter and 2.93% for the comparable quarter in 2025.

•A provision for credit losses of $823,000 was recorded for the quarter ended June 30, 2026, compared to $693,000 and $745,000 for the quarters ended March 31, 2026 and June 30, 2025, respectively.

•Noninterest income increased $282,000, or 21.7%, to $1.6 million for the three months ended June 30, 2026, compared to $1.3 million for the quarter ended

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