Welcome to our dedicated page for Farmers & Merchants Bk Long Be news (Ticker: FMBL), a resource for investors and traders seeking the latest updates and insights on Farmers & Merchants Bk Long Be stock.
Farmers & Merchants Bank of Long Beach (FMBL) delivers trusted financial services through its commercial, personal, and community banking solutions. This news hub provides investors and stakeholders with timely updates on FMBL's strategic initiatives and market position.
Access official press releases, earnings disclosures, and regulatory filings alongside insights into community partnerships. Our curated collection helps users track leadership changes, product launches, and economic impact reports.
Key updates include quarterly financial results, branch expansions, and technology upgrades like mobile banking enhancements. Bookmark this page for streamlined access to FMBL's evolving role in Southern California's financial landscape.
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Farmers & Merchants Bank of Long Beach (FMBL) reported strong financial results for the first quarter of 2024, showcasing resilient performance despite external challenges. The bank's net interest income, total interest and dividend income, and non-interest income all saw positive growth. However, net income saw a decline compared to the same period last year. The balance sheet remained stable with a slight decrease in gross loans but maintained a dependable deposit base. Capital ratios exceeded regulatory requirements, reflecting the bank's strength and stability. The stock repurchase program also demonstrated the bank's commitment to enhancing shareholder value.
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Farmers & Merchants Bank of Long Beach (FMBL) declares its 526th dividend payment of $28 per share, continuing its tradition of annual dividends since 1916.
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Farmers & Merchants Bank of Long Beach (FMBL) reported financial results for the fourth quarter and full year ended December 31, 2023, including a new $10 million stock repurchase program. The bank's net interest margin and net income declined, while total interest and dividend income increased. The Board of Directors declared a total of $127 per share in dividends in 2023. The bank's gross loans and total deposits remained stable, and its capital ratios exceeded regulatory requirements.
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Farmers & Merchants Bank of Long Beach (FMBL) reported strong financial results for the fourth quarter and full year ended December 31, 2023. The Board of Directors authorized a new $10 million stock repurchase program, reflecting confidence in the bank's long-term outlook. Despite industry pressures, the bank maintained a strong balance sheet and capital ratios, with net charge-offs of 0.01% and an allocation for credit losses for loans ratio of 1.45%. However, the net interest margin and net income saw declines compared to the previous year.
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Farmers & Merchants Bank of Long Beach (FMBL) declares a regular quarterly cash dividend of $28 per share and a special Christmas dividend of $15 per share. Both dividends are payable on December 15, 2023, to shareholders of record as of November 30, 2023. This marks the 524th and 525th dividend payments, including special dividends, since 1916, demonstrating F&M's commitment to rewarding shareholders consistently.
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F&M Bank (OTCQX: FMBL) announces key executive management changes, reinforcing its strategic vision and growth. Daniel K. Walker is named Executive Chairman of the Board, W. Henry Walker promoted to CEO, Kevin M. Tiber to President, Kathleen Salmons to Executive VP, Chief Risk Officer, and Taylor L. Hoang to Executive VP, CFO. John W.H. Hinrichs retires after a multi-decade career with the Bank.
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Farmers & Merchants Bank of Long Beach reports financial results for Q3 2023, with strong balance sheet and stable deposit base. Cost of funds may impact performance in the near-term. Total interest and dividend income rose to $107.9 million. Net interest income before provision for credit losses decreased to $64.9 million. Net interest margin was 2.14% for Q3 2023. Non-interest income was $4.1 million. Net income was $17.4 million. Gross loans amounted to $6.81 billion. Deposits were $9.06 billion. Total assets increased to $12.5 billion. Capital ratios exceed regulatory requirements. Bank repurchased 93 shares of common stock.
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Farmers & Merchants Bank declares regular quarterly dividend of $28 per share on common stock.
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Farmers & Merchants Bank of Long Beach reports financial results for Q2 2023, with total interest and dividend income rising to $102.3 million from $81.2 million in Q2 2022. Net interest income for Q2 2023 was $65.1 million compared to $78.1 million in Q2 2022. Net income for Q2 2023 was $18.1 million compared to $29.1 million in Q2 2022. Gross loans remained stable at $6.82 billion. Deposits decreased to $8.89 billion from $9.14 billion. Total assets increased to $12.27 billion.
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