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Farmers Bankshares, Inc. (OTC-PINK: FBVA), based in Windsor, Virginia, has announced a quarterly dividend of $0.15 per share, marking a 25% increase from the $0.12 per share dividend declared in December 2020. The record date for shareholders entitled to this payment is January 3, 2022, with the dividend distribution scheduled for January 18, 2022. Farmers Bank, a community bank established in 1919, operates eight branches in Tidewater, Virginia.
Farmers Bankshares (FBVA) issued a revised press release on October 21, 2021, clarifying financial ratios for Q3 2021 and YTD earnings. The revised ratios were inconsistent with previously reported data. However, there was no impact on the consolidated balance sheets or income statements, with all other financial information remaining unchanged.
The bank reported a basic net income of $0.51 per share for Q3 2021, a decrease from $1.19 in Q2 2021. Book value per share also declined to $21.15 from $21.51.
Farmers Bankshares, Inc. (OTC-PINK: FBVA) reported a strong financial performance for Q3 2021, achieving earnings of $1.6 million or $0.51 per share, a 27.54% increase from the previous year. Year-to-date net income rose 100.99% to $7.3 million, or $2.33 per share. Key highlights include a return on average assets of 1.66% and a decrease in net loans of 6.85%. Total deposits increased by $18.2 million to $518.3 million, bolstered by non-interest bearing deposits. The bank continues to focus on loan growth and has declared an increased dividend reflecting its commitment to shareholder value.
Farmers Bankshares, Inc. (OTC-PINK: FBVA) has announced a quarterly dividend of $0.15 per share, reflecting a 15% increase from the previous dividend of $0.13 declared in June 2021. The record date for dividend eligibility is October 1, 2021, with payment scheduled for October 15, 2021. This marks a positive development for shareholders, showcasing the company's commitment to rewarding its investors.
Farmers Bankshares, Inc. (OTC-PINK: FBVA) reported a significant increase in earnings for Q2 2021, posting $3.7 million, or $1.19 per share, up 183.30% year-on-year. For the first half, net income totaled $5.7 million, a 140.11% rise. Key metrics include a return on average assets of 1.97% and return on average equity of 17.05%. However, net loans decreased by $21.1 million due to small businesses paying down credit lines. The bank's deposit balance grew by $46.8 million, largely due to stimulus payments and PPP funds, reflecting strong capital ratios.
Farmers Bankshares, Inc. (OTC-PINK: FBVA) announced a quarterly dividend of $0.13 per share, consistent with its March 2021 declaration and representing an 8.3% increase from last year's $0.12 per share. The record date for this dividend is July 2, 2021, with payment scheduled for July 15, 2021. Farmers Bank, headquartered in Windsor, Virginia, operates throughout Tidewater, Virginia, and emphasizes its commitment to shareholder value.
Farmers Bankshares, Inc. (FBVA) reported unaudited earnings of $1.9 million or $0.63 per share for Q1 2021, an increase of 86.35% from $1.1 million or $0.34 per share in Q1 2020. Key metrics include a return on average assets of 1.38% and return on average equity of 12.14%. However, net interest margin decreased to 3.22% from 3.52%. Total deposits rose to $488.4 million. The company also terminated a $10 million interest rate swap, realizing a gain of $428 thousand.
Farmers Bankshares, Inc. (OTC-PINK: FBVA), based in Windsor, Virginia, has announced a quarterly dividend of $0.13 per share, reflecting an increase of 8.3% from the previous $0.12 declared in December 2020. The record date for eligible stockholders is set for April 1, 2021, with payment scheduled for April 15, 2021. Farmers Bank operates eight branches in Tidewater, Virginia, serving local communities since its founding in 1919.
Farmers Bankshares, Inc. (OTC-PINK: FBVA) announced record earnings of $5.4 million, or $1.74 per share, for 2020, marking a 6.07% increase from 2019. Fourth quarter earnings rose to $1.8 million, or $0.57 per share, up from $921 thousand in Q4 2019. Key financial metrics include a net interest margin of 3.53% and a return on average assets of 1.05%. The bank saw a significant increase in deposits, up $68.1 million to $454.7 million, aided by PPP loans and stimulus payments. Despite challenges, the bank effectively navigated economic pressures and maintained profitability.
Farmers Bankshares, Inc. (OTC-PINK: FBVA) has declared a quarterly dividend of $0.12 per share for common stockholders. The record date for eligible stockholders is set for the close of trading on October 2, 2020, with payments scheduled for October 15, 2020. Founded in 1919, Farmers Bank operates eight branches across Tidewater, Virginia, serving the local community. This dividend reflects the company's commitment to returning value to its shareholders amidst its operations as a community bank.
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