FRMRS&MER BNCORP LODI CA - FMCB STOCK NEWS

The Board of Directors of Farmers & Merchants Bancorp (OTCQX: FMCB) has announced an extension of its share repurchase program through December 31, 2024, with an additional $20 million authorized for repurchases. Since November 2021, the company has repurchased and retired 18,824 shares, valued at $17.9 million, representing 2.38% of total shares outstanding. The company's capital ratios remain strong, with a tier 1 leverage capital ratio of 9.12% and a total capital ratio of 13.32%, classifying it as 'well capitalized'.

Farmers & Merchants Bancorp (OTCQX: FMCB) has declared a year-end cash dividend of $8.30 per share, marking a 6.41% increase from 2021. The dividend will be paid on January 3, 2023 to shareholders of record by December 7, 2022. In 2022, total cash dividends were $16.15 per share, up 5.56%. The company reported record net income of $19.5 million for Q3 2022, with earnings per share of $25.20, a 13.7% increase year-over-year. Farmers & Merchants Bancorp remains well-capitalized with a tier 1 leverage capital ratio of 9.12%.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported a record net income of $19.5 million, or $25.20 per share, for Q3 2022, a 13.67% increase from Q3 2021. The company achieved a return on average assets of 1.45% and return on average equity of 16.64%. Total assets grew 7.13% to $5.5 billion, with loans increasing 9.67% to $3.3 billion. Net interest margin improved to 3.95%. The company repurchased 6,368 shares during the quarter, reflecting strong capital management.

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.