Welcome to our dedicated page for Farmers & Merchants Bk Long Be news (Ticker: FMBL), a resource for investors and traders seeking the latest updates and insights on Farmers & Merchants Bk Long Be stock.
Farmers & Merchants Bank of Long Beach (FMBL) is a California state‑chartered commercial bank that issues regular news updates on its operations, governance, dividends, and financial performance. The Bank’s releases describe a focus on commercial and small business banking, business loan programs, home loans, and consumer retail banking products, delivered through 27 branches from San Clemente to Santa Barbara and via Online and Mobile Banking platforms.
News for FMBL often highlights dividend declarations, including regular quarterly cash dividends and special Christmas dividends. The Bank notes that it has paid dividends each year since 1916 and that the value of its quarterly dividend has never decreased, and individual announcements reference the cumulative number of dividend payments made to shareholders.
Investors and observers can also find detailed earnings information in the Bank’s news, including interest and dividend income, interest expense, net interest income, provision for credit losses, non‑interest income, non‑interest expense, and net income. These releases provide insight into the Bank’s balance sheet composition, capital ratios relative to regulatory standards, deposit mix, loans, securities, repurchase agreements, and borrowings.
Additional news items cover board of directors changes and appointments, as well as capital actions such as stock repurchase program authorizations and the closing of a preferred stock equity investment by a large financial services company. Together, these updates offer a view into FMBL’s governance, capital management, and strategic priorities as presented by the Bank.
This page aggregates such announcements so readers can review FMBL’s dividend history, financial results, capital transactions, and governance developments in one place.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) announced a quarterly cash dividend increase from $27 to $28 per share, showcasing the bank's financial strength and commitment to shareholder value. The dividend will be payable on March 31, 2022, to shareholders of record as of March 15, 2022. This marks the bank's 516th dividend payment, maintaining a flawless history of paying dividends without any reductions since 1916.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has announced the election of Stephen Cooke to its board of directors, taking over from Richard Darling, who retired after 40 years. Cooke, an experienced corporate advisor and law practitioner, will serve on the Risk and Compliance Committee and the Nominations and Corporate Governance Committee. With a rich background in law and community service, his addition is seen as a positive step for the bank. Lawrence McLaughlin succeeds Darling as the Lead Independent Director.
Farmers & Merchants Bank of Long Beach (FMBL) reported a strong financial performance for 2021, ending with record total deposits of $9.24 billion and net loans of $5.37 billion. The bank's total interest income rose to $307.3 million, up from $286.3 million in 2020. Net income for 2021 increased to $115.2 million or $898.31 per diluted share, compared to $79.8 million in 2020. The Board has authorized a new $20 million stock repurchase program, reflecting confidence in the bank's long-term prospects.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has announced a regular quarterly cash dividend of $27 per share, along with a special Christmas dividend of $15 per share. Both dividends are payable on December 15, 2021, to shareholders of record as of November 30, 2021. This marks the Bank's 514th and 515th dividend payments, demonstrating its commitment to continuous shareholder returns since 1916, with a consistent quarterly dividend value.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) reported a significant rise in net income to $30.5 million for Q3 2021, up from $19.9 million in Q3 2020. Total assets reached a record $11.3 billion, with total deposits increasing to $8.9 billion. The net interest income also improved to $76.7 million, driven by higher interest and dividend income of $79.6 million. The bank maintained robust capital ratios, with a total risk-based capital ratio of 18.86%. Notably, it realized a $1.0 million recapture of loan loss provision, contrasting the previous year’s $3.0 million provision.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has declared a quarterly cash dividend of $27 per share, payable on September 30, 2021, to shareholders of record as of September 15, 2021. This marks the 513th dividend payment by the bank, which has consistently paid dividends since 1916 without any decrease in value. F&M operates 25 branches in California and offers a range of banking services, ensuring reliable financial support to its customers.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) announced strong financial results for Q2 2021, with total assets reaching $10.68 billion, a rise from $9.87 billion a year prior. Total deposits increased to $8.37 billion, driven by a flight to safety amid low interest rates. The bank reported net income of $30.4 million for Q2, up from $20.6 million in 2020, and net interest income also rose to $74.7 million. No provision for loan losses was required in Q2 2021, contrasting with $4.7 million in Q2 2020, signaling financial stability.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has declared a quarterly cash dividend of $27 per share on its common stock. This dividend is payable on June 30, 2021, to shareholders of record as of June 15, 2021. The declaration marks the bank's 512th dividend payment, continuing its streak since 1916 without any decrease in dividend value.
Farmers & Merchants Bank (OTCQB: FMBL) is showcasing a pandemic-themed artistic display, Service Above Self Defined, at its Newport Beach headquarters until May 21st. The exhibit highlights the 16,000 meals consumed by employees working on Paycheck Protection Program (PPP) loans, represented by empty take-out containers. F&M processed 4,198 PPP loans totaling $713 million, saving over 83,000 local jobs. 99.9% of PPP forgiveness applicants received full forgiveness, reflecting the bank’s commitment during the pandemic.
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) reported strong financial performance for Q1 2021, with total assets exceeding $10 billion for the first time. Key highlights include:
- Net income increased to $25.3 million, compared to $17.9 million in Q1 2020.
- Total deposits rose to $8.24 billion, up from $7.62 billion.
- Net interest income climbed to $70.5 million, reflecting effective management amid low interest rates.
- The bank remains well-capitalized with a total risk-based capital ratio of 19.22%.