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Farmers & Merchants Bank Of Long Beach - FMBL STOCK NEWS

Welcome to our dedicated news page for Farmers & Merchants Bank Of Long Beach (Ticker: FMBL), a resource for investors and traders seeking the latest updates and insights on Farmers & Merchants Bank Of Long Beach.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Farmers & Merchants Bank Of Long Beach's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Farmers & Merchants Bank Of Long Beach's position in the market.

Rhea-AI Summary
Farmers & Merchants Bank of Long Beach (FMBL) declares its 526th dividend payment of $28 per share, continuing its tradition of annual dividends since 1916.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.7%
Tags
dividends
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Rhea-AI Summary
Farmers & Merchants Bank of Long Beach (FMBL) reported financial results for the fourth quarter and full year ended December 31, 2023, including a new $10 million stock repurchase program. The bank's net interest margin and net income declined, while total interest and dividend income increased. The Board of Directors declared a total of $127 per share in dividends in 2023. The bank's gross loans and total deposits remained stable, and its capital ratios exceeded regulatory requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
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none
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Rhea-AI Summary
Farmers & Merchants Bank of Long Beach (FMBL) reported strong financial results for the fourth quarter and full year ended December 31, 2023. The Board of Directors authorized a new $10 million stock repurchase program, reflecting confidence in the bank's long-term outlook. Despite industry pressures, the bank maintained a strong balance sheet and capital ratios, with net charge-offs of 0.01% and an allocation for credit losses for loans ratio of 1.45%. However, the net interest margin and net income saw declines compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
Tags
none
Rhea-AI Summary
Farmers & Merchants Bank of Long Beach (FMBL) declares a regular quarterly cash dividend of $28 per share and a special Christmas dividend of $15 per share. Both dividends are payable on December 15, 2023, to shareholders of record as of November 30, 2023. This marks the 524th and 525th dividend payments, including special dividends, since 1916, demonstrating F&M's commitment to rewarding shareholders consistently.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
dividends
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Rhea-AI Summary
F&M Bank (OTCQX: FMBL) announces key executive management changes, reinforcing its strategic vision and growth. Daniel K. Walker is named Executive Chairman of the Board, W. Henry Walker promoted to CEO, Kevin M. Tiber to President, Kathleen Salmons to Executive VP, Chief Risk Officer, and Taylor L. Hoang to Executive VP, CFO. John W.H. Hinrichs retires after a multi-decade career with the Bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
management
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Rhea-AI Summary
Farmers & Merchants Bank of Long Beach reports financial results for Q3 2023, with strong balance sheet and stable deposit base. Cost of funds may impact performance in the near-term. Total interest and dividend income rose to $107.9 million. Net interest income before provision for credit losses decreased to $64.9 million. Net interest margin was 2.14% for Q3 2023. Non-interest income was $4.1 million. Net income was $17.4 million. Gross loans amounted to $6.81 billion. Deposits were $9.06 billion. Total assets increased to $12.5 billion. Capital ratios exceed regulatory requirements. Bank repurchased 93 shares of common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
earnings
Rhea-AI Summary
Farmers & Merchants Bank declares regular quarterly dividend of $28 per share on common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
Tags
dividends
-
Rhea-AI Summary
Farmers & Merchants Bank of Long Beach reports financial results for Q2 2023, with total interest and dividend income rising to $102.3 million from $81.2 million in Q2 2022. Net interest income for Q2 2023 was $65.1 million compared to $78.1 million in Q2 2022. Net income for Q2 2023 was $18.1 million compared to $29.1 million in Q2 2022. Gross loans remained stable at $6.82 billion. Deposits decreased to $8.89 billion from $9.14 billion. Total assets increased to $12.27 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
earnings
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
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earnings
Farmers & Merchants Bank Of Long Beach

OTC:FMBL

FMBL Rankings

FMBL Stock Data

591.05M
10.79%
Commercial Banking
Finance and Insurance
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US
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