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, Inc. (FMAO) has announced a quarterly cash dividend of $0.21 per share, marking a 10.5% increase from last year's fourth quarter. The dividend will be payable on January 20, 2023, to shareholders recorded by December 30, 2022. The company’s total assets are reported at $2.784 billion as of September 30, 2022. Farmers & Merchants State Bank, established in 1897, serves communities in Northwest Ohio and Northeast Indiana, offering a range of commercial and retail banking services.
Farmers & Merchants Bancorp (FMAO) reported strong third-quarter 2022 results, with net income soaring 51.3% to a record $9.0 million and earnings per share increasing 28.3% to $0.68. Total loans reached $2.143 billion, up 15.4%, while deposits grew 22.3% to $2.283 billion. The efficiency ratio improved to 51.19%, supporting robust profitability. The company also declared a 16.7% increase in its quarterly cash dividend. Economically, they remain cautious due to rising inflation and competition but expect ongoing growth and strong asset quality.
Farmers & Merchants Bancorp, Inc. (FMAO) announced the completion of its acquisition of Peoples-Sidney Financial Corporation (PPSF) on October 3, 2022. This marks F&M's fifth acquisition since 2019, enhancing its presence in Sidney and Shelby County. Following this acquisition, F&M operates 33 full-service branches with total deposits of $2.3 billion and loans of $2.1 billion as of June 30, 2022. The transition of Peoples branch signage to F&M occurred on October 1, 2022, with a system conversion planned for December 5, 2022.
Farmers & Merchants State Bank has recently announced the promotion of Benét Rupp to Executive Vice President. Rupp has been a key member of the executive team since 2019, previously serving as Chief Administrative Officer. Additionally, Eric Faust has been appointed as Senior Vice President and Chief Risk Officer, bringing extensive experience from his previous roles in the banking industry. The company continues to focus on building a talented executive team to enhance its operations and risk management strategies.
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced a 16.7% increase in its quarterly cash dividend, raising it to $0.21 per share from $0.19 previously. This adjustment marks the 28th consecutive year of dividend increases since 1994. The new dividend will be payable on October 20, 2022, to shareholders on record as of September 26, 2022. The company’s annualized cash dividend has seen a 10.2% compound annual growth rate since 2017, indicating solid financial results and commitment to shareholder value.
Farmers & Merchants Bancorp (FMAO) reported a notable performance for Q2 2022, achieving a net income of $8.3 million, up 66.0% year-over-year. Earnings per share rose to $0.63 from $0.44. Total loans reached $2.035 billion, a 9.6% increase from the prior year, supported by organic growth of 19.9%. Total assets increased 23.4% to $2.675 billion, while deposits grew 20.0% year-over-year. The efficiency ratio improved to 50.17%, and the company maintained strong asset quality with nonperforming loans at 0.26%.
Farmers & Merchants Bancorp (Nasdaq: FMAO) declared a $0.0125 special dividend to celebrate its 125th anniversary along with its regular quarterly cash dividend of $0.19 per share. This results in a combined cash dividend of $0.2025, which reflects a 19.1% year-over-year increase in the second quarter dividend payment. Both dividends will be paid on July 20, 2022, to shareholders on record as of July 8, 2022. The company's assets stand at $2.69 billion as of March 31, 2022.
On June 14, 2022, Farmers & Merchants Bancorp, Inc. (FMAO) announced a merger agreement to acquire Peoples-Sidney Financial Corporation (PPSF) in a stock and cash transaction valued at approximately $27 million. PPSF, with $132.7 million in total assets, will provide FMAO with a strategic expansion into Shelby County, Ohio, adding three locations. Shareholders of PPSF can choose to receive either 0.6597 shares of FMAO stock or $24.00 in cash. The merger is expected to enhance FMAO’s earnings per share by 2.5% and 3.9% for 2023 and 2024, respectively, despite a projected 2.1% dilution in tangible book value.
Farmers & Merchants Bancorp (Nasdaq: FMAO) will join the Russell 3000® Index after the U.S. market opens on June 27, 2022. This addition highlights the company’s growth and solidifies its position within the financial sector. The Russell 3000® Index includes the largest U.S. stocks, promoting increased trading liquidity and investor visibility for FMAO. The company marked significant milestones, including 125 years of service and over $2.5 billion in assets at the start of 2022. The leadership team plans to celebrate these achievements by ringing the closing bell at NASDAQ in late July.
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