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.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) reported its Q2 2024 financial results, demonstrating resilience amid challenges for regional banks. Key highlights include:
- Total interest and dividend income rose to $108.7 million, up from $102.3 million in Q2 2023
- Net interest income before provision for credit losses was $57.1 million, down from $65.1 million in Q2 2023
- Net income for Q2 2024 was $13.5 million, or $107.86 per diluted share, compared to $18.1 million, or $143.69 per diluted share in Q2 2023
- Total assets reached $12.19 billion as of June 30, 2024
- The Board authorized an additional $10 million stock repurchase program
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) has announced a regular quarterly cash dividend of $28 per share, payable on June 28, 2024, to shareholders of record as of June 14, 2024. This marks the 527th consecutive dividend payment since 1916, maintaining a consistent dividend value. Founded in 1907, the Bank provides commercial and small business banking, business loan programs, home loans, and consumer retail banking products through 27 branches and online platforms. Farmers & Merchants Bank is a California state-chartered bank with FDIC insurance and is an Equal Housing Lender. For more details, visit www.fmb.com.
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