Farmers & Merchants Bancorp In Stock Price, News & Analysis

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.

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.