Farmers & Merchants Bancorp, Inc. Declares 2024 Fourth-Quarter Cash Dividend

Rhea-AI Summary

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.

Positive

• Maintains consistent quarterly dividend payment of $0.22125 per share
• Strong asset base of $3.39 billion as of September 30, 2024

Negative

• None.

News Market Reaction

-6.97%

1 alert

-6.97% News Effect

On the day this news was published, FMAO declined 6.97%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ARCHBOLD, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.39 billion at September 30, 2024, today announced that it has approved the Company’s quarterly cash dividend of $0.22125 per share. The fourth-quarter dividend is payable on January 20, 2025, to shareholders of record as of December 27, 2024.

About Farmers & Merchants State Bank:
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) is the holding company of F&M Bank, a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

Safe Harbor statement
Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

Company Contact:	Investor and Media Contact:
Lars B. Eller President and Chief Executive Officer Farmers & Merchants Bancorp, Inc. (419) 446-2501 leller@fm.bank	Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com

FAQ

What is FMAO's Q4 2024 dividend amount per share?

FMAO's fourth-quarter dividend for 2024 is $0.22125 per share.

When is the payment date for FMAO's Q4 2024 dividend?

The fourth-quarter dividend will be paid on January 20, 2025.

What is the record date for FMAO's Q4 2024 dividend?

The record date for FMAO's fourth-quarter dividend is December 27, 2024.

What were FMAO's total assets as of September 30, 2024?

FMAO reported total assets of $3.39 billion as of September 30, 2024.