In practice, all I/Q signal processing receivers face the problem of I/Q imbalance. In this paper, we investigate the effect of I/Q imbalance on the performance of MIMO maximal ratio combining (MRC) systems that perform the combining at the radio frequency (RF) level, thereby requiring only one RF chain. Based on a system modeling that takes the I/Q imbalance into account, we evaluate the performance in terms of average symbol error probability (SEP), outage probability and system capacity, which are derived considering transmission over uncorrelated Rayleigh fading channels. Numerical results are provided to illustrate the effects of system parameters, such as the image- leakage ratio, numbers of transmit and receive antennas, and modulation order of quadrature amplitude modulation (QAM), on the system performance.