Farmers & Merchants Bancorp, Inc. Declares 2023 First-Quarter Cash Dividend

Rhea-AI Summary

Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced a quarterly cash dividend of $0.21 per share, reflecting a 10.5% increase compared to the previous year. This dividend will be paid on April 20, 2023, to shareholders of record by April 1, 2023. As of December 31, 2022, the company reported assets totaling $3.02 billion.

Positive

• Quarterly cash dividend increased by 10.5% to $0.21 per share.
• Solid asset base of $3.02 billion as of December 31, 2022.

Negative

• None.

ARCHBOLD, Ohio, March 21, 2023 (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 $3.02 billion at December 31, 2022, today announced that it has approved the Company’s quarterly cash dividend of $0.21 per share, which is a 10.5% increase over the 2022 first-quarter dividend. The first quarter dividend is payable on April 20, 2023, to shareholders of record as of April 1, 2023.  

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, Shelby, 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 a Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Bryan and Oxford, Ohio.

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 FMAO in the first quarter of 2023?

The dividend amount for FMAO in the first quarter of 2023 is $0.21 per share.

When will the dividend for FMAO be paid?

The dividend for FMAO will be paid on April 20, 2023.

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

The dividend for FMAO increased by 10.5% compared to the first quarter of 2022.

What are the asset figures for Farmers & Merchants Bancorp as of December 31, 2022?

As of December 31, 2022, Farmers & Merchants Bancorp reported assets of $3.02 billion.