Farmers & Merchants Bank of Long Beach reports news on its regional banking operations, shareholder distributions, capital actions, and governance updates. The California state-chartered bank serves clients through a branch network from San Clemente to Santa Barbara and through online and mobile banking platforms. Its business includes commercial and small business banking, business loan programs, home loans, checking accounts, savings accounts, youth accounts, and other consumer retail banking products.
Recurring FMBL developments include quarterly and annual financial results, regulatory capital commentary, regular cash dividend declarations, special dividend actions, stock repurchase authorizations, preferred equity investment activity, and board appointments. The bank also provides FDIC-insured deposit services and operates as an Equal Housing Lender.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) completed a strategic balance sheet repositioning by selling approximately $1 billion of low-yielding held‑to‑maturity municipal bonds with a 1.43% weighted average yield. Proceeds have been redeployed into securities yielding an average 5.13%, used to pay down higher‑rate debt, and reserved to fund higher‑yielding loans, which the Bank expects will expand net interest margin and improve long‑term profitability.
The transaction is expected to produce a one‑time pre‑tax loss of about $85 million and a net loss for Q3 2026, while the Bank still expects to report net income for full‑year 2026. According to the Bank, the repositioning shortens the securities portfolio’s average life, reduces concentration risk, and enabled payoff of $300 million of borrowings. Management stated that regulatory capital, including the common equity tier 1 ratio, remains strong. At the 2026 annual meeting, shareholders approved all proposals, including director elections, ratification of KPMG as auditor, authorization for additional share repurchases, and an amendment reducing certain supermajority vote thresholds to 60% from 80%.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) declared its regular third-quarter cash dividend of $28 per share on common and preferred stock. The dividend is payable on September 30, 2026, to shareholders of record on September 15, 2026. According to the company, this marks its 538th dividend payment; F&M has paid a dividend every year since 1916, and the value of its quarterly dividend has never decreased.
Farmers & Merchants Bank of Long Beach (OTCQX:FMBL) reported second quarter 2026 net income of $35.5 million, or $256.32 per diluted share, up from $13.9 million, or $112.71, a year earlier. Net income for the first half of 2026 rose to $57.4 million, or $413.60 per diluted share, versus $30.7 million, or $249.01, in 2025.
Total interest and dividend income grew to $115.3 million for the quarter, while interest expense declined to $35.2 million, lifting net interest income to $80.1 million and expanding net interest margin to 2.81% from 2.42%. The Bank recorded a $3.3 million recapture of provision for credit losses, versus a $3.3 million provision last year, and non-interest income increased to $18.9 million.
Gross loans reached $6.65 billion and total deposits were $8.76 billion. Capital ratios remained well above “well-capitalized” thresholds, with a 21.86% total risk-based capital ratio. The Board authorized a new up to $10 million stock repurchase plan through December 31, 2026, after buying 876 shares for $7.4 million under the prior program.
Farmers & Merchants Bank of Long Beach (OTCQX:FMBL) declared a regular second-quarter cash dividend of $28 per share on its common and preferred stock.
The dividend, representing the Bank’s 537th payment, is payable on June 30, 2026 to shareholders of record on June 15, 2026. F&M has paid an annual dividend since 1916 and its quarterly dividend value has never decreased.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) reported strong first quarter 2026 results with improvements across operating metrics. Net income rose to $21.9 million and net interest income increased to $77.7 million. The bank maintained robust capital ratios and completed a prior $200 million equity investment.
Key balance-sheet items: gross loans $6.34B, deposits $8.94B, total assets $11.86B, and a net interest margin of 2.71%.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) declared a quarterly cash dividend of $28.00 per share payable March 31, 2026, to shareholders of record as of March 13, 2026.
This marks F&M’s 536th dividend payment; the bank has paid a dividend every year since 1916 and says its quarterly dividend value has never decreased.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) reported fourth-quarter and full-year 2025 results. Key items: a $200 million equity investment closed in Q4 2025; Q4 net income was $19.5M (diluted EPS $141.90) and full-year net income was $68.3M (diluted EPS $537.62). Net interest income before provision rose to $274.6M for 2025 and fourth-quarter net interest margin improved to 2.58%. Total assets were $11.80B, gross loans $6.08B, deposits $8.95B, and stockholders’ equity increased to $1.61B. The Bank repurchased shares under a $10M plan and reduced borrowings to $300M at year-end.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) declared a regular quarterly cash dividend of $28.00 per share and a special Christmas dividend of $15.00 per share. Both dividends are payable on December 15, 2025 to shareholders of record as of November 28, 2025. The two declarations represent the bank’s 534th and 535th dividend payments, respectively, and the bank says it has paid dividends each year since 1916 with its quarterly dividend value never decreased. The release also notes contact details for shareholder communications and the bank’s branch and service footprint in California.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) named Heather Carrillo to its board of directors, expanding the board to eight members effective November 20, 2025. Ms. Carrillo has a 25-year career in financial services and currently serves as Senior Vice President of Bank Strategy Technology Services at Fidelity Investments.
Her background includes roles in corporate development, portfolio management, and equity research at Fidelity, plus prior positions at Morgan Stanley, Westbrook Partners, and Alex. Brown & Sons. She holds a B.S. from the Wharton School and an MBA from Columbia Business School. Shareholders holding F&M shares through brokers are asked to request NOBO designation to receive direct updates; contact 562-499-4829 or Kevin.Tiber@FMB.com for assistance.
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) reported third-quarter 2025 results and announced a new $10 million stock repurchase program through May 9, 2026. Q3 net income was $18.1 million (or $147.32 per diluted share) versus $14.3 million a year earlier. Net interest income before provision rose to $69.3 million in Q3 and net interest margin improved to 2.47%. The Bank closed a $200 million equity investment via 16,261 shares of non-voting Series A preferred stock after quarter-end. Total deposits were $8.87 billion, gross loans $6.24 billion, and total stockholders’ equity was $1.40 billion. Capital ratios remain strong with a CET1 of 18.40% and a tier 1 leverage ratio of 12.15%.