Farmers & Merchants Bancorp, Inc. Declares 2020 Fourth-Quarter Cash Dividend

Rhea-AI Summary

Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced a quarterly cash dividend of $0.17 per share, a 6.3% increase from Q4 2019. The dividend will be payable on January 20, 2021 to shareholders of record by December 29, 2020. The company reported assets of $1.83 billion as of September 30, 2020, underlining its financial stability and commitment to returning value to shareholders.

Positive

• Quarterly cash dividend increased by 6.3%
• Assets of $1.83 billion indicate strong financial health
• Dividend payment reinforces shareholder value

Negative

• Forward-looking statements may involve material risks and uncertainties
• Potential impact of COVID-19 on credit quality and business operations

ARCHBOLD, Ohio, Dec. 18, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of The Farmers & Merchants State Bank, with assets of $1.83 billion at September 30, 2020, today announced that it has approved the Company’s quarterly cash dividend of $0.17 per share. The fourth quarter dividend represents a 6.3% increase over the 2019 fourth quarter dividend and is payable on January 20, 2021, to shareholders of record as of December 29, 2020.  

About Farmers & Merchants Bancorp, Inc
The Farmers & Merchants State Bank is a local independent community bank that has been serving Northwest Ohio and Northeast Indiana since 1897. The Farmers & Merchants State Bank provides commercial banking, retail banking and other financial services through its offices. Our locations are in Fulton, Defiance, Hancock, Henry, Lucas, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, and Steuben counties.

Safe harbor statement
Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

Company Contact:	Investor and Media Contact:
Lars B. Eller President and Chief Executive Officer Farmers & Merchants Bancorp, Inc. (419) 446-2501 leller@fm.bank	Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com

 

FAQ

What is the dividend amount for Farmers & Merchants Bancorp (FMAO) announced in December 2020?

The announced dividend amount is $0.17 per share.

When is the dividend payable for FMAO shareholders?

The dividend is payable on January 20, 2021.

What was the increase in the quarterly dividend compared to the previous year?

The dividend represents a 6.3% increase over the fourth quarter of 2019.

What were the total assets of Farmers & Merchants Bancorp as of September 30, 2020?

The total assets were $1.83 billion.

What risks are associated with Farmers & Merchants Bancorp's future outlook?

Risks include competitive factors, interest rate levels, and impacts from the COVID-19 pandemic.