Farmers & Merchants Bancorp, Inc. Declares 2021 First-Quarter Cash Dividend

Rhea-AI Summary

The Board of Directors of Farmers & Merchants Bancorp, Inc. (FMAO) announced a quarterly cash dividend of $0.17 per share, marking a 6.3% increase from the previous year. The dividend will be payable on April 20, 2021, to shareholders recorded by March 31, 2021. As of December 31, 2020, the company reported assets totaling $1.91 billion.

Positive

• Quarterly cash dividend increased by 6.3% to $0.17 per share.
• Assets reported at $1.91 billion, indicating financial stability.

Negative

• None.

ARCHBOLD, Ohio, March 19, 2021 (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 $1.91 billion at December 31, 2020, today announced that it has approved the Company’s quarterly cash dividend of $0.17 per share, which is a 6.3% increase over the first quarter dividend of 2020. The first quarter dividend is payable on April 20, 2021, to shareholders of record as of March 31, 2021.  

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. Our offices 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 announced by Farmers & Merchants Bancorp (FMAO)?

The announced dividend amount is $0.17 per share.

When will the dividend be paid to shareholders of FMAO?

The dividend will be paid on April 20, 2021.

What was the increase percentage of the dividend compared to last year?

The dividend increased by 6.3% compared to the first quarter of 2020.

What are the assets of Farmers & Merchants Bancorp as of December 31, 2020?

The company reported assets totaling $1.91 billion.