Farmers & Merchants Bancorp In Stock Price, News & Analysis

F&M Bank (Nasdaq: FMAO) announced a significant leadership transition as Andrew Briggs steps down as Chairman of the Board, with Kevin J. Sauder appointed as his successor, effective immediately. Briggs, who has served on the Board for seven years and as Chairman since 2024, will continue as a director until his retirement in 2026.

Sauder, the former President & CEO of Sauder Woodworking Co., brings extensive leadership experience and has been a board member since 2004. The transition plan, initiated by Briggs, emphasizes continuity and strategic momentum, with both leaders working together over the coming year to ensure a seamless handover.

F&M Bank (Nasdaq: FMAO) has announced the appointment of Ahmed Alomari to its Board of Directors, effective June 24, 2025. Alomari, recognized for his expertise in Oracle database performance and enterprise systems architecture, is the founder and former CEO of Cybernoor, which was acquired by Buchanan Technologies in 2021. Currently serving as Executive Vice President at Buchanan Technologies, Alomari brings significant technical expertise to F&M's board.

The appointment aligns with F&M's focus on enhancing its digital capabilities and technology infrastructure. Alomari, who holds a Computer Science degree from the University of Michigan's School of Engineering, was selected for his strong track record in innovation and strategic insight.

Farmers & Merchants Bancorp (Nasdaq: FMAO), holding company of F&M Bank with $3.39 billion in total assets, has declared a quarterly cash dividend of $0.22125 per share. The dividend will be paid on July 20, 2025, to shareholders of record as of July 7, 2025.

The company has maintained a strong dividend history, having paid quarterly dividends for over 50 years and increased its annual dividend for 30 consecutive years, demonstrating its commitment to shareholder returns.

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.