Welcome to our dedicated page for Fentura Finl news (Ticker: FETM), a resource for investors and traders seeking the latest updates and insights on Fentura Finl stock.
Fentura Financial, Inc. (FETM), the holding company for The State Bank, provides comprehensive banking services across Michigan. This page offers timely updates on financial performance, strategic initiatives, and community-focused developments for investors and stakeholders.
Access centralized news coverage including earnings reports, leadership updates, product launches, and regulatory filings. Track FETM's commitment to community banking through partnership announcements and service expansions.
Key updates cover commercial lending activities, wealth management innovations, and digital banking enhancements. Stay informed on how FETM balances traditional values with modern financial solutions for individuals and businesses.
Bookmark this page for reliable updates on one of Michigan's established community banks. Check back regularly for objective reporting on FETM's evolving role in regional financial services.
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.
Fentura Financial (FETM) announced strong quarterly and annual results for the periods ending December 31, 2021. Net income reached $3,342 for Q4 and $16,579 for the year, driving a return on assets of 1.26%. The acquisition of Farmers State Bank in December 2021 expanded their asset base by $106,761. Key metrics include a net interest margin of 3.58% and an efficiency ratio of 64.65%. The bank reported solid loan growth and asset quality, reinforcing its foundation for future performance.
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.
