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 (OTCQB: FMBL) has announced the election of Stephen Cooke to its board of directors, taking over from Richard Darling, who retired after 40 years. Cooke, an experienced corporate advisor and law practitioner, will serve on the Risk and Compliance Committee and the Nominations and Corporate Governance Committee. With a rich background in law and community service, his addition is seen as a positive step for the bank. Lawrence McLaughlin succeeds Darling as the Lead Independent Director.
Farmers & Merchants Bank of Long Beach (FMBL) reported a strong financial performance for 2021, ending with record total deposits of $9.24 billion and net loans of $5.37 billion. The bank's total interest income rose to $307.3 million, up from $286.3 million in 2020. Net income for 2021 increased to $115.2 million or $898.31 per diluted share, compared to $79.8 million in 2020. The Board has authorized a new $20 million stock repurchase program, reflecting confidence in the bank's long-term prospects.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has announced a regular quarterly cash dividend of
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) reported a significant rise in net income to $30.5 million for Q3 2021, up from $19.9 million in Q3 2020. Total assets reached a record $11.3 billion, with total deposits increasing to $8.9 billion. The net interest income also improved to $76.7 million, driven by higher interest and dividend income of $79.6 million. The bank maintained robust capital ratios, with a total risk-based capital ratio of 18.86%. Notably, it realized a $1.0 million recapture of loan loss provision, contrasting the previous year’s $3.0 million provision.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has declared a quarterly cash dividend of $27 per share, payable on September 30, 2021, to shareholders of record as of September 15, 2021. This marks the 513th dividend payment by the bank, which has consistently paid dividends since 1916 without any decrease in value. F&M operates 25 branches in California and offers a range of banking services, ensuring reliable financial support to its customers.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) announced strong financial results for Q2 2021, with total assets reaching $10.68 billion, a rise from $9.87 billion a year prior. Total deposits increased to $8.37 billion, driven by a flight to safety amid low interest rates. The bank reported net income of $30.4 million for Q2, up from $20.6 million in 2020, and net interest income also rose to $74.7 million. No provision for loan losses was required in Q2 2021, contrasting with $4.7 million in Q2 2020, signaling financial stability.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has declared a quarterly cash dividend of $27 per share on its common stock. This dividend is payable on June 30, 2021, to shareholders of record as of June 15, 2021. The declaration marks the bank's 512th dividend payment, continuing its streak since 1916 without any decrease in dividend value.
Farmers & Merchants Bank (OTCQB: FMBL) is showcasing a pandemic-themed artistic display, Service Above Self Defined, at its Newport Beach headquarters until May 21st. The exhibit highlights the 16,000 meals consumed by employees working on Paycheck Protection Program (PPP) loans, represented by empty take-out containers. F&M processed 4,198 PPP loans totaling $713 million, saving over 83,000 local jobs. 99.9% of PPP forgiveness applicants received full forgiveness, reflecting the bank’s commitment during the pandemic.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) reported strong financial performance for Q1 2021, with total assets exceeding $10 billion for the first time. Key highlights include:
- Net income increased to $25.3 million, compared to $17.9 million in Q1 2020.
- Total deposits rose to $8.24 billion, up from $7.62 billion.
- Net interest income climbed to $70.5 million, reflecting effective management amid low interest rates.
- The bank remains well-capitalized with a total risk-based capital ratio of 19.22%.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has declared a quarterly cash dividend of $27 per share, payable on March 31, 2021, to shareholders of record as of March 15, 2021. This marks the 511th dividend payment by the bank, which has consistently paid dividends since 1916 without ever decreasing the dividend value. The bank offers various banking services across multiple locations in California.
