FENTURA FINANCIAL INC - FETM STOCK NEWS

Fentura Financial (OTCQX: FETM) reported strong financial results for 2022, with a net income of $14.9 million and a 19.6% increase in total assets, reaching $1.69 billion. Net interest income surged 18.7% to a record $52.5 million, supported by a 30.5% growth in gross loans. The company maintained a solid asset quality, with nonperforming loans at 0.16% of gross loans. Despite challenges such as increased loan loss provisions and decreased noninterest income due to a drop in mortgage sales, the CEO expressed confidence in sustaining profitability and asset quality in 2023.

Fentura Financial, Inc. (OTCQX: FETM) has declared a regular dividend of $0.10 per share for shareholders as of February 6, 2023, with payment scheduled for February 13, 2023. The company, formed in 1987, operates The State Bank, recognized as a 5-Star Bauer Financial rated institution. It provides various banking services through 19 branches in Michigan. Fentura Financial is noted as one of the Top 50 performing stocks on the OTCQX exchange, showcasing its market viability and commitment to shareholder returns.

Fentura Financial (OTCQX: FETM) reported third-quarter net income of $4,009 thousand, with a 20.16% year-over-year decline in nine-month net income to $10,569 thousand. The company experienced strong balance sheet growth, leading to an increase in net interest income to $13,988 thousand. However, reduced gains on mortgage sales and higher provisions for loan losses impacted results. While loan demand remains strong, management acknowledges potential economic slowdowns.

Fentura Financial, Inc. (OTCQX: FETM) has declared a regular dividend of $0.09 per share for shareholders of record on November 7, 2022, payable on November 14, 2022. Founded in 1987, Fentura operates as a holding company for The State Bank, recognized among the Top 50 performing stocks on the OTCQX exchange. The State Bank provides a comprehensive range of banking services across 19 branches in Michigan's various counties.

Fentura Financial announced the appointment of three new Board Members for both Fentura Financial, Inc. and The State Bank on August 26, 2022. The new members include Mark Bole, Kristen Holt, and Debra Williams, each bringing significant industry experience and community involvement. Bole is currently the Global Chief Administrative Officer for GM Financial, Holt leads GreenPath Financial Wellness, and Williams is COO of Neighborhood Service Organization. This strategic leadership change aims to enhance the company’s growth and mission in providing financial services.

Fentura Financial (OTCQX: FETM) reported solid Q2 2022 results with a net income of $3,476,000 and $6,560,000 for the quarter and six months ended June 30, 2022, respectively. The company achieved an 8.21% increase in loans, totaling $93.5 million, amid a challenging market. Interest income rose to $13,411,000, while expenses increased to $10,544,000. Notably, the provision for loan losses rose to $525,000, impacting profitability. Despite these challenges, the company maintains a strong loan pipeline and a commitment to boost client relationships.

Fentura Financial, Inc. (OTCQX: FETM) announced a regular dividend of $0.09 per share for shareholders of record as of August 8, 2022, payable on August 15, 2022. Established in 1987, Fentura is the holding company for The State Bank, a 5-Star Bauer Financial rated bank based in Fenton, Michigan. The bank operates 19 branches and offers various financial services, including commercial loans, personal banking, and wealth management. Fentura has been recognized among the Top 50 performing stocks on the OTCQX exchange.

Fentura Financial, Inc. (OTCQX: FETM) reported Q1 2022 net income of $3,084, a decrease from $4,656 in Q1 2021, marking a 33.76% decline. Total loans increased by $39,259, reaching $1,139,351, driven by robust commercial lending. However, noninterest income fell 27.54% to $2,792, largely due to reduced gains on loan sales amid rising interest rates. Earnings per share dropped to $0.69, with a tangible book value of $24.97. The efficiency ratio worsened to 70.04%, indicating rising operational costs. Despite challenges, loan quality remained strong, with nonperforming loans at 0.20%.

Fentura Financial, Inc. (OTCQX: FETM) has declared a regular dividend of $0.09 per share for shareholders of record as of May 9, 2022, with payment scheduled for May 16, 2022. This reflects the company's commitment to returning value to investors.

Fentura Financial operates The State Bank, a 5-Star Bauer Financial rated bank with 19 branches across Michigan, providing a range of financial services including commercial and retail banking.