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.
Farmers & Merchants Bancorp (FMAO) announces key promotions and the retirement of COO Edward A. Leininger, effective June 1, 2022. Benét Rupp is promoted to Chief Administrative Officer, leading operations and HR. Shalini Singhal, as Chief Information Officer, will oversee M&A integrations. Alexis Smith becomes Chief People Officer, focusing on HR functions. Amy Cover is promoted to Chief Marketing Officer, and Molly Miller to Senior E-Banking and Product Lifecycle Manager. The CEO expressed gratitude for Leininger's service as the company continues its growth from $45 million in assets to over $2.6 billion.
Farmers & Merchants Bancorp (Nasdaq: FMAO) reported a robust 65.0% increase in net income for Q1 2022, reaching $8.1 million, and earnings per share rose to $0.62, up 40.9% year-over-year. Total loans surged 46.3% to $1.962 billion, while total assets climbed 34.8% to $2.686 billion. Deposits grew by 33.8% at $2.254 billion. The efficiency ratio improved to 55.44%, and the company maintained net charge-offs at 0.00% for four consecutive quarters. FMAO declared a dividend of $0.19 per share, marking an 11.8% increase, reflecting consistent shareholder returns.
Farmers & Merchants Bancorp, Inc. (FMAO) announced a quarterly cash dividend of $0.19 per share, representing an 11.8% increase from the previous year. This dividend will be paid on April 20, 2022, to shareholders of record by April 1, 2022. The company, with total assets of $2.638 billion as of December 31, 2021, serves the banking needs of communities across Northwest Ohio and Northeast Indiana. It has been a significant financial institution since its inception in 1897.
Farmers & Merchants Bancorp (FMAO) reported strong financial results for Q4 and full-year 2021, achieving record net income of $7.7 million in Q4, a 13.4% increase from last year. Earnings per share (EPS) stood at $0.59. For the full year, net income rose 16.9% to $23.5 million, with an EPS of $2.01. Total loans and deposits grew significantly, up 42.8% and 37.4%, respectively. The company also increased its quarterly dividend by 11.8% to $0.19 per share, marking its 27th consecutive annual dividend increase. CEO Lars Eller expressed optimism for growth in 2022 through strategic acquisitions.
Farmers & Merchants Bancorp (FMAO) has announced an 11.8% year-over-year increase in its quarterly cash dividend, raising it to $0.19 per share from $0.18. This marks the second increase in dividends this year, reflecting the company's strong momentum and benefits from recent acquisitions. The fourth quarter dividend is payable on January 20, 2022, to shareholders of record as of December 28, 2021. President Lars B. Eller emphasized the bank's commitment to returning capital to shareholders as profitability grows.
Farmers & Merchants Bancorp (Nasdaq: FMAO) reported a strong third quarter for 2021, with net income up 34.2% to $5.9 million and earnings per share increasing to $0.53. Adjusted net income, excluding one-time expenses, rose 60.8% to $7.1 million. The company achieved record quarterly net interest income of $17.8 million, a 36.5% increase, and net loans grew significantly by 48.2% year-over-year. Total deposits surged 22.9% to $1.87 billion. The regular quarterly dividend increased by 5.9%, marking the 27th consecutive annual rise.
Farmers & Merchants Bancorp, Inc. (FMAO) has successfully completed its acquisition of Perpetual Federal Savings Bank (PFSB). This strategic move is aimed at expanding F&M's presence in key Ohio markets such as Urbana, Dayton, and Sidney, and is expected to enhance customer growth opportunities.
Following this acquisition, F&M's total assets rise to approximately $2.64 billion, with total deposits of $2.23 billion and loans of $1.81 billion. The PFSB branches will rebrand to Farmers & Merchants State Bank by October 4, 2021, and a system conversion is scheduled for October 18, 2021.
Farmers & Merchants Bancorp, Inc. (FMAO) has announced the acquisition of Perpetual Federal Savings Bank (PFSB) following regulatory approvals. The transaction, which garnered 98% approval from PFSB shareholders, is set to close on October 1, 2021. David Vernon, a PFSB director, will join FMAO's Board. FMAO's CEO, Lars Eller, expressed confidence in the acquisition's integration and potential to expand services for PFSB's customers, enhancing community-focused banking.
The Board of Directors of Farmers & Merchants Bancorp, Inc. (FMAO) announced a 5.9% increase in its quarterly cash dividend, raising it from $0.17 to $0.18 per share. This marks the 27th consecutive annual increase since 1994. The third quarter dividend is scheduled for payment on October 20, 2021, to shareholders of record as of September 28, 2021. CEO Lars B. Eller emphasized the company's strong capital position and profitable model, highlighting F&M's 11th longest track record of consecutive dividend increases among 800 publicly traded banks.
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