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. (NASDAQ: FMAO) is a financial holding company headquartered in Archbold, Ohio, and the parent of The Farmers & Merchants State Bank (F&M Bank). As a local independent community bank that has served its markets since 1897, F&M Bank provides commercial banking, retail banking and other financial services across selected counties in Ohio, Northeast Indiana and Oakland County, Michigan, supported by loan production offices in additional locations.
This news page aggregates company-issued updates and market-moving information about Farmers & Merchants Bancorp, Inc. and F&M Bank. Readers can find earnings announcements filed via Form 8-K, where the company reports consolidated financial results, profitability trends, loan and deposit growth, asset quality metrics and capital ratios. These releases often include commentary from management on balance sheet management, credit quality and strategic priorities across the bank’s footprint.
News coverage also includes dividend declarations and changes, highlighting the company’s long history of quarterly dividend payments and its record of consecutive annual dividend increases. Additional items feature leadership appointments and promotions, such as new Market Presidents in specific regions, board appointments and the creation of roles focused on small business banking, marketing and customer experience.
Beyond financial and governance updates, F&M Bank issues news about branch expansion, such as the opening of full-service offices in Michigan, as well as community engagement initiatives. Examples include charity golf classics in Ohio and Indiana that raise funds for local organizations, and promotional events designed to engage residents across the bank’s markets. Investors, customers and observers can use this page to follow how Farmers & Merchants Bancorp, Inc. communicates its financial performance, regional growth and community-banking activities over time.
Farmers & Merchants Bancorp (FMAO) reported Q1 2023 results, revealing a net income of $6.5 million, down from $8.1 million in Q1 2022. Earnings per share fell to $0.47 from $0.62. Key highlights include a 9.6% increase in net interest income to $21.7 million and a record $2.447 billion in total loans, up 24.7%. Total assets grew 14.3% year-over-year to $3.07 billion, and deposits rose 11.5% to $2.51 billion. The company adopted CECL accounting standards, impacting equity by $3.4 million net of tax. Nonperforming loans declined 10.1% to 0.32% of total loans. The company declared a cash dividend of $0.21 per share, up 10.5% year-over-year.
F&M Bank announces significant growth in the Fort Wayne, Indiana market with the construction of a new regional headquarters at 128 Wayne Street. This facility will feature a full-service bank office, a drive-up ATM, and 3,000 square feet dedicated to office space, marking F&M's third location in Fort Wayne. The bank has also expanded its team, hiring industry veterans Rob Slusser, Dana Snyder, and Brian Ternet, who will lead its commercial banking efforts. Their combined experience aims to enhance F&M's brand and service in the community. F&M Bank, founded in 1897, serves customers across Northwest Ohio and Northeast Indiana, emphasizing a community-first approach to banking.
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced a quarterly cash dividend of $0.21 per share, reflecting a 10.5% increase compared to the previous year. This dividend will be paid on April 20, 2023, to shareholders of record by April 1, 2023. As of December 31, 2022, the company reported assets totaling $3.02 billion.
Farmers & Merchants Bancorp (FMAO) reported its 2022 financial results, highlighting a net income increase of 38.4% to a record $32.5 million and earnings per share of $2.46, up from $2.01. The fourth quarter net income was $7.2 million, slightly down from $7.7 million YoY, while adjusted earnings were $0.65 per share. Total loans rose 26.9% to $2.36 billion, with organic growth at 21.4%. The efficiency ratio improved to 50.46%. Deposits increased by 12.6% to $2.47 billion, and a dividend increase of 14.4% was declared. The company aims for strategic investments of $7 million in 2023 amid maintaining strong asset quality with nonperforming loans at just 0.20%.
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