FENTURA FINANCIAL INC - FETM STOCK NEWS

Fentura Financial, Inc. (OTCQX: FETM) announced a $0.09 per share dividend for shareholders of record as of February 7, 2022, payable on February 14, 2022. The company, recognized among the Top 50 performing stocks on OTCQX, operates The State Bank, a full-service bank with a 5-Star Bauer Financial rating. Founded in 1987, it serves multiple counties in Michigan through 20 branches, offering various financial products including loans and wealth management services.

Fentura Financial, Inc. (OTCQX: FETM) has successfully completed its acquisition of Farmers State Bank of Munith, approved by both companies' boards in June. This strategic move expands The State Bank's assets to approximately $1.4 billion, with $1.1 billion in loans and $1.2 billion in deposits, and increases its branch network to 20. President and CEO Ronald L. Justice emphasizes the benefits of enhanced community banking and product offerings for both organizations. Integration of systems is expected to be completed in Q1 2022, allowing for improved shareholder value.

Fentura Financial, Inc. (OTCQX: FETM) has announced an amendment to its stock repurchase program, increasing the budget from $5 million to $10 million. Previously, the company repurchased $4.6 million of its common stock. The buyback will occur through open market purchases and is subject to market conditions and regulations. The repurchase aims to enhance shareholder value and may be adjusted or discontinued at any time. The funds for this initiative will come from the company's available cash reserves.

Fentura Financial (OTCQX: FETM) reported Q3 2021 net income of $3,855, with nine-month net income at $13,237, reflecting a 3.97% increase year-over-year. Strong commercial lending relationships led to gross loan growth of $59,029 since June. Despite a decline in residential mortgages, overall closings remain historically high. Asset quality is promising, with 0.82% nonperforming loans. The bank's tangible book value reached $26.53. However, noninterest income dropped by 26.60% year-over-year. Management expresses optimism about future growth.

Fentura Financial, Inc. (OTCQX: FETM) has declared a regular dividend of $0.08 per share for shareholders of record as of November 8, 2021, with payment scheduled for November 15, 2021. The company, formed in 1987, is the holding entity for The State Bank, rated as a 5-Star Bauer Financial institution, operating 17 branches across Michigan. Fentura Financial was recognized as one of the Best 50 performing stocks on the OTCQX exchange in 2018. The press release also includes caution regarding forward-looking statements related to growth in earning assets and net income.

Fentura Financial, Inc. (FETM) reported solid quarterly results, with a net income of $4,726 for Q2 and $9,382 year-to-date as of June 30, 2021, marking a 26.87% increase in net income compared to the prior year. Total loans increased by $45,629 in the quarter and $62,446 year-to-date. The company's net interest income rose to $10,896 for the quarter, bolstered by strong residential mortgage activity and a solid net interest margin. However, the ongoing COVID-19 pandemic presents uncertainties in market conditions.

On July 23, 2021, Fentura Financial, Inc. (OTCQX: FETM) announced a regular dividend of $0.08 per share for shareholders of record by August 2, 2021, payable on August 9, 2021. This reflects the company's commitment to returning value to its shareholders. Fentura, the holding company for The State Bank, operates 17 branches and offers comprehensive banking services including commercial, retail, and wealth management. The bank was recognized as one of the Best 50 performing stocks in 2018 on the OTCQX exchange.

Fentura Financial, Inc. has announced a definitive agreement to acquire Farmers State Bank for $15.5 million in cash. Each FSB shareholder will receive $103.33 per share. The acquisition will enhance Fentura's earnings per share by 12-14% annually over two years, though it will initially dilute tangible book value by 6.1%. Post-acquisition, Fentura will have 20 branches and aims to leverage increased market presence in Ingham and Jackson counties. The transaction is pending FSB shareholder and regulatory approvals, expected to close in Q4 2021.

Fentura Financial announces the appointment of Kelly Myers to its Board of Directors, enhancing its leadership team. Myers, a seasoned attorney with a focus on real estate and corporate law, brings extensive experience after founding Myers & Myers, PLLC. Her background includes affiliations with the State Bar of Michigan and the Michigan Bankers Association. Ron Justice, President and CEO, expressed confidence in her contributions, emphasizing her expertise and community representation. Fentura Financial, traded under FETM, operates The State Bank, a well-rated financial institution in Michigan with assets of $1.30 billion.