Welcome to our dedicated page for Farmers & Merchants Bancorp In news (Ticker: FMAO), a resource for investors and traders seeking the latest updates and insights on Farmers & Merchants Bancorp In stock.
Farmers & Merchants Bancorp Inc (FMAO) delivers community-focused banking services across multiple states, specializing in commercial lending, agricultural finance, and residential mortgages. This page provides investors and stakeholders with direct access to the company's official news updates and financial disclosures.
Discover timely announcements including quarterly earnings reports, strategic leadership changes, and regulatory filings. Our curated collection ensures you stay informed about FMAO's community initiatives, product expansions, and compliance updates without promotional bias.
Key updates cover operational milestones, branch network developments, and innovations in consumer lending practices. Bookmark this page for streamlined access to Farmers & Merchants Bancorp's latest developments, carefully sourced from primary channels to maintain accuracy and relevance.
F&M Bank (Nasdaq: FMAO) has announced the promotion of Eric D. Faust to Executive Vice President. Faust, who has served as the bank's Chief Risk Officer since 2022, has been instrumental in advancing enterprise risk and regulatory compliance at the institution. Under his leadership, F&M has developed a comprehensive risk and compliance team and improved its strategic decision-making processes.
Prior to joining F&M, Faust held positions as First Vice President and Director of Risk Management at Northstar Financial Group and Examination Manager for Michigan's Department of Insurance and Financial Services. He holds an MBA from Davenport University and a BS in Business Administration from Central Michigan University.
F&M Bank (NASDAQ: FMAO) announced the resignation of Jo Ellen Hornish from its Board of Directors following the May 20, 2025, board meeting. Hornish, who served on the board since 2013, has been a key member of the Audit Committee and Corporate Governance and Nominating Committee. As President and CEO of several Defiance, Ohio-based companies, she brought valuable expertise in transportation and manufacturing industries to F&M's strategic development.
Lars Eller, President and CEO of F&M Bank, acknowledged Hornish's contributions to the bank's success and her dedication to both corporate leadership and community service during her tenure.
Farmers & Merchants Bancorp reported strong financial results for Q1 2025, marking its 88th consecutive quarter of profitability. The bank's net income increased 29.7% to $7.0 million ($0.51 per share), while total assets grew 3.1% to $3.39 billion.
Key highlights include:
- Total interest income up 6.1% to $41.0 million
- Loans increased 1.6% to $2.58 billion
- Deposits grew 3.0% to $2.70 billion
- Efficiency ratio improved to 66.79%
- Strong asset quality with nonperforming loans at just 0.17%
The bank's commercial real estate portfolio remains well-balanced at 51.3% of total loans, with office exposure at 5.4%. F&M maintained its 30-year tradition of increasing annual cash dividends, declaring $0.22125 per share for Q1 2025. The company's strategic focus on enhancing profitability and operational efficiency positions it well for continued growth in 2025.
Farmers & Merchants Bancorp (Nasdaq: FMAO), the holding company of F&M Bank with total assets of $3.36 billion as of December 31, 2024, has announced its first-quarter dividend for 2025. The Board of Directors has approved a quarterly cash dividend of $0.22125 per share, which will be paid on April 20, 2025, to shareholders of record as of April 4, 2025.
F&M Bank, owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), has appointed Carly Buchanan as its new Chief People Officer. Buchanan brings over 18 years of HR, leadership, and organizational development experience, including a decade in retail banking. She will lead F&M's Human Resources Department, focusing on strategic HR planning, talent acquisition, employee engagement, and organizational growth.
Buchanan holds senior HR certifications (SHRM-SCP and HRCI) and was recognized as a 2023 Fort Wayne 40 Under 40 honoree. She has served as past President of the Northeast Indiana Human Resources Association and is actively involved in community organizations. She holds an MBA and Bachelor of Science in Business Administration from Indiana Tech.
Farmers & Merchants Bancorp (FMAO) reported strong financial results for Q4 and full-year 2024. Net income for Q4 increased 51.2% to $8.4 million ($0.61 per share), compared to $5.5 million ($0.41 per share) in Q4 2023. Full-year net income reached $25.9 million ($1.90 per share).
Key highlights include a record $2.69 billion in deposits (up 3.0% YoY), total assets of $3.36 billion (up 2.5%), and improved asset quality with nonperforming loans decreasing to $3.1 million from $22.4 million year-over-year. The company maintained strong liquidity with $690 million in contingent funding sources and increased its dividend for the 30th consecutive year, up 3.8% from 2023.
The bank's efficiency ratio improved to 59.82% from 69.23%, while net interest margin increased 27 basis points to 2.84%. Total loans decreased slightly to $2.56 billion, with 31.4% of the loan portfolio subject to repricing in the next 12 months.
F&M Bank, owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), has appointed Peter Schork as Regional President for the Toledo, Ohio, and Southeastern Michigan regions. Schork brings over 25 years of banking and financial experience, previously serving as Ann Arbor President for Oxford Bank and co-founder/CEO of Ann Arbor State Bank.
In his new role, Schork will oversee F&M's presence across multiple locations including Waterville, Swanton, Perrysburg, Sylvania, Downtown Toledo, and the company's operations in Troy and Birmingham, Michigan. His background includes positions as CFO at Catalyst Commercial Real Estate and President of a Michigan-based title, mortgage, and real estate company.
F&M Bank, owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), has appointed Peter Schork as Market President for the Toledo, Ohio and Birmingham, Michigan markets. Schork brings over 25 years of banking and financial experience, previously serving as Ann Arbor President for Oxford Bank and co-founder/CEO of Ann Arbor State Bank.
In his new role, Schork will oversee F&M's presence across multiple locations including Waterville, Swanton, Perrysburg, Sylvania, Downtown Toledo, and the company's Loan Production Office in Troy and Birmingham location. His experience includes positions as CFO at Catalyst Commercial Real Estate and President of a Michigan-based title, mortgage, and real estate company.
F&M Bank (NASDAQ: FMAO) has announced key leadership changes and strategic initiatives aimed at driving growth and operational excellence. Andrew Baker, previously Chief Retail Banking Officer, has been appointed as Chief Strategy Officer (CSO) and will chair the newly formed Strategic Governance Committee. This committee, comprising senior leadership team members, will guide the bank's strategic direction and oversee initiatives, projects, products, and services.
Additionally, Taryn Marino has been promoted from Deputy Chief Retail Banking Officer to Chief Retail Banking Officer. Under her previous leadership, the retail banking team achieved significant deposit growth, increased checking account success, and delivered exceptional client experiences.
According to President & CEO Lars Eller, these leadership changes are designed to enhance F&M's strategic focus and position the bank for sustainable growth in 2025 and beyond.
Farmers & Merchants Bancorp (Nasdaq: FMAO), with total assets of $3.39 billion as of September 30, 2024, has announced its fourth-quarter cash dividend. The company's Board of Directors has approved a quarterly dividend payment of $0.22125 per share, which will be paid on January 20, 2025, to shareholders of record as of December 27, 2024.
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