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 (FMBL) reported its Q1 2023 financial results, highlighting a net income of $21.6 million or $170.86 per diluted share, a decline from $27.8 million or $217.02 in Q1 2022. Interest and dividend income increased to $97.3 million from $75.3 million, while net interest income fell to $70.8 million, down from $72.6 million. The bank maintained a strong capital position with a total risk-based capital ratio of 16.63%, surpassing regulatory requirements. Deposits decreased to $8.97 billion, down from $9.14 billion, yet the bank attracted a 17% increase in new accounts year-over-year. The Q1 results reflect the challenges faced by the banking sector amid rising interest rates.
Farmers & Merchants Bank of Long Beach (OTC-PINK: FMBL) reports a surge in new deposits from both existing and new clients amidst ongoing banking sector turbulence. Chairman and CEO Daniel K. Walker highlights the bank's strong financial position, citing over 116 years of operational success and a commitment to safeguarding client deposits. Notable strengths include capital reserves exceeding three times federally mandated levels and a perfect record of profitability and dividends. The bank plans to open two new branches and invest in technology to enhance client services in 2023.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) has declared a $28 cash dividend per share, marking its 521st dividend payment since 1916. This quarterly dividend will be payable on March 31, 2023, to shareholders of record as of March 15, 2023. F&M has maintained a consistent dividend payment history, never decreasing its quarterly dividend value during its century-long commitment to shareholders. The bank, founded in 1907, provides a range of banking services across California and is recognized for its robust service offerings and stability.
Farmers & Merchants Bank of Long Beach (FMBL) reported strong financial results for the fourth quarter and full year ending December 31, 2022. Total interest and dividend income rose to $95.9 million for Q4 and $340.3 million for the year, while net interest income before loan loss provision increased to $77.3 million in Q4 and $309.0 million for the year. Despite net income decreasing to $25.4 million in Q4, the bank's capital ratios remain strong, exceeding regulatory requirements. However, non-interest income fell to $4.2 million for Q4 and $18.5 million for the year. The bank repurchased shares under a stock buyback program, purchasing 2,400 shares at an average price of $8,132.92.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) reported its Q3 2022 results, showing resilience despite a challenging interest rate environment. Total assets grew to $11.9 billion, with net loans increasing to $6.4 billion and total deposits rising to $9.4 billion since December 31, 2021. Interest and dividend income reached $88 million, a rise from $79.6 million in Q3 2021. However, net income fell to $26.6 million ($209.64 per diluted share) from $30.5 million ($238.07) last year. The bank's capital ratios remain strong, with a total risk-based capital ratio of 16.61%.
Farmers & Merchants Bank of Long Beach (OTC-PINK: FMBL) has approved a quarterly cash dividend of $28 per share, payable on September 30, 2022, to shareholders on record as of September 15, 2022. This announcement marks the 518th dividend payment since the bank's establishment, with a continuous payment history dating back to 1916. The bank has maintained its quarterly dividend at the same level without any reductions, highlighting its financial stability and commitment to shareholder return.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) reported strong financial results for Q2 and the first half of 2022, with total assets rising to $11.73 billion and net loans increasing to $5.78 billion. Total interest income grew to $81.2 million, while net income for Q2 reached $29.1 million, or $228.51 per diluted share. However, net interest margin decreased to 2.76% from 2.96% year-over-year. Non-interest income also declined, totaling $4.7 million. The bank repurchased shares under its stock buyback program, enhancing shareholder value amidst economic uncertainties.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) has announced a quarterly cash dividend of $28 per share, payable on June 30, 2022, to shareholders on record as of June 15, 2022. This marks the bank's 517th dividend payment since its inception in 1916, highlighting its commitment to consistent shareholder returns. Notably, the value of the dividend has never decreased, reflecting the bank's financial stability and growth trajectory.
Farmers & Merchants Bank of Long Beach (FMBL) reported strong first-quarter 2022 results, reinforcing its financial stability amid challenging economic conditions. Net income rose to $27.8 million, or $217.02 per diluted share, up from $25.3 million in Q1 2021. Total assets reached a record of $11.67 billion, with total deposits increasing to $9.36 billion. The bank’s net interest income was $72.6 million, a growth from $70.5 million. A loan loss provision recapture of $1.0 million was noted, alongside a solid capital position with a total risk-based capital ratio of 18.67%.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) announced a quarterly cash dividend increase from $27 to $28 per share, showcasing the bank's financial strength and commitment to shareholder value. The dividend will be payable on March 31, 2022, to shareholders of record as of March 15, 2022. This marks the bank's 516th dividend payment, maintaining a flawless history of paying dividends without any reductions since 1916.
