FRMRS&MER BNCORP LODI CA - FMCB STOCK NEWS

Farmers & Merchants Bancorp (OTCQX: FMCB) reported record net income of $18.4 million, or $23.58 per share for Q2 2022, a 15.3% increase from the previous year. The return on average assets was 1.38%, with equity at 15.94%. Total assets grew to $5.3 billion, with deposits increasing by 8.1% to $4.8 billion. Loans held for investment rose by 12.5% to $3.2 billion, excluding forgiven SBA PPP loans. The efficiency ratio improved to 47.8%. Dividends were declared at $7.85 per share, marking 87 consecutive years of dividend payments.

Farmers & Merchants Bancorp (OTCQX: FMCB) declared a cash dividend of $7.85 per share, marking a 4.7% increase from the $7.50 paid in July 2021. This dividend, payable on July 1, 2022, recognizes the company’s solid financial performance, including a net income of $17.1 million for Q1 2022. With a return on average assets of 1.29% and a stable credit quality, FMCB continues its streak as a “Dividend King”, celebrating 87 years of consecutive dividends and 57 years of increases.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported a record net income of $17.1 million or $21.70 per share for Q1 2022, marking a growth from $16.7 million in Q1 2021. Total assets rose by 14.6% year-over-year to $5.4 billion, while total deposits increased by 14.1% to $4.8 billion. The company achieved a return on average assets of 1.29% and return on average equity of 14.65%. Notably, the efficiency ratio improved to 51.1%. Cash and liquid investment securities grew by 36.8% to $2.0 billion. Overall, FMCB shows robust financial health as it replaces forgiven SBA PPP loans with higher-yielding loans.

Farmers & Merchants Bancorp (FMCB) reported strong financial results for 2021, with net income reaching $66.3 million or $84.01 per share, reflecting a 13.47% increase from 2020. Total assets grew by $627 million (13.8%) to $5.2 billion, while total deposits rose by $580 million (14.3%) to $4.6 billion. The bank's loan portfolio, excluding forgiven SBA PPP loans, expanded by 10%. Despite low interest rates affecting margins, FMCB remains optimistic about future growth, aided by a new branch in Alameda County.

Farmers & Merchants Bancorp (OTCQX: FMCB) declared a year-end cash dividend of $7.80 per share, a 4.00% increase from last year. The dividend is payable on January 3, 2022, to shareholders of record as of December 9, 2021. In 2021, total cash dividends increased 3.73% to $15.30 per share. The company reported record net income of $17.5 million for Q3 2021, up 18.2% year-over-year, and a total net income of $65.9 million over the last twelve months, reflecting strong financial performance amidst market challenges.

Farmers & Merchants Bancorp (FMCB) has appointed Michelle Galvan as Assistant Vice President and Shareholder Relations Officer to enhance shareholder engagement. Kent Steinwert emphasized the importance of addressing shareholder needs. The company also reauthorized a share repurchase program of up to $20 million, representing about 4% of outstanding equity as of September 30, 2021. This buyback aims to enhance shareholder value through open market purchases and may be subject to various market conditions.

Farmers & Merchants Bancorp (OTCQX: FMCB) has been inducted into the National Ag Science Center's Ag Hall of Fame, marking its status as the first financial institution to receive this accolade. Serving California's ag community for over 100 years, F&M Bank is the 14th largest agricultural lender in the U.S., with 45% of its loan portfolio dedicated to agriculture. The bank's commitment to supporting local agricultural programs has resulted in over $250,000 in donations and more than 1,000 interest-free loans to students. The induction ceremony took place on November 5, 2021.

Farmers & Merchants Bancorp (OTCQX: FMCB) announced that Stephen W. Haley, CFO, will retire on December 31, 2021, after 18 years with the company. Mark K. Olson, previously CFO at Altabank, will take over on November 1, 2021. The transition aims to ensure continuity and leverage Olson's extensive banking experience as FMCB continues to expand. The company is recognized for its strong asset growth, reaching over $5.0 billion, and for its commitment to agriculture lending. FMCB has maintained a robust dividend history and high ratings from BauerFinancial.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported record net income of $17.5 million for Q3 2021, an increase of 18.2% year-over-year. Earnings per share reached $22.16, up 18.8%. Year-to-date net income stands at $50.4 million, a 16.5% rise compared to the previous year. The company’s total assets grew by 18.6% to $5.1 billion, with net interest income at $39.1 million. Asset quality remains healthy, evidenced by a mere $516,000 in non-performing loans. The company is optimistic about future growth, particularly with the upcoming opening of a new branch in Oakland.