Farmers & Merchants Bancorp, Inc. Declares 2022 First-Quarter Cash Dividend

Rhea-AI Summary

Farmers & Merchants Bancorp, Inc. (FMAO) announced a quarterly cash dividend of $0.19 per share, representing an 11.8% increase from the previous year. This dividend will be paid on April 20, 2022, to shareholders of record by April 1, 2022. The company, with total assets of $2.638 billion as of December 31, 2021, serves the banking needs of communities across Northwest Ohio and Northeast Indiana. It has been a significant financial institution since its inception in 1897.

Positive

• Quarterly cash dividend increased by 11.8% to $0.19 per share.
• Strong asset base of $2.638 billion as of December 31, 2021.

Negative

• None.

ARCHBOLD, Ohio, March 22, 2022 (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 $2.638 billion at December 31, 2021, today announced that it has approved the Company’s quarterly cash dividend of $0.19 per share, which is an 11.8% increase over the first quarter dividend of 2021. The first quarter dividend is payable on April 20, 2022, to shareholders of record as of April 1, 2022.

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 locations are in Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Williams, and Wood counties in Western Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Oxford, Ohio.

Safe harbor statement
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	Andrew M. Berger
President and Chief Executive Officer	Managing Director
Farmers & Merchants Bancorp, Inc.	SM Berger & Company, Inc.
(419) 446-2501	(216) 464-6400
leller@fm.bank	andrew@smberger.com

FAQ

What is the dividend amount declared by Farmers & Merchants Bancorp (FMAO) for Q1 2022?

Farmers & Merchants Bancorp declared a dividend of $0.19 per share for Q1 2022.

When will the dividend for Farmers & Merchants Bancorp (FMAO) be paid?

The dividend will be paid on April 20, 2022.

What is the percentage increase in the dividend for Q1 2022 from the previous year for FMAO?

The dividend for Q1 2022 increased by 11.8% compared to the first quarter of 2021.

What are the assets of Farmers & Merchants Bancorp (FMAO) as of December 31, 2021?

The assets of Farmers & Merchants Bancorp were $2.638 billion as of December 31, 2021.