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Fentura Financial, Inc. (FETM) announces quarterly net income of $2,790 for the three months ended March 31, 2024. The company experienced challenges due to high short-term interest rates and a yield curve inversion. Despite this, they achieved record total assets and shareholders' equity. Tangible book value per share increased by 10.3% to $29.38. The company reduced borrowings by $80.6 million and increased cash by $12.1 million over the past year.
Fentura Financial, Inc. (OTCQX: FETM) declared a quarterly dividend of $0.11 per share for shareholders on record as of May 6, 2024, payable on May 13, 2024.
Fentura Financial, Inc. held its 2024 Annual Meeting of Shareholders on April 24, 2024, with various proposals voted on. The Company's Proxy Statement outlined the details sent to shareholders prior to the meeting.