Farmers Merchant Stock Price, News & Analysis

Farmers & Merchants Bancorp (OTCQX: FMCB) announced a temporary voluntary program allowing shareholders who owned 99 shares or less of FMCB common stock as of November 12, 2025 to sell all their shares without paying fees. Eligible holders will be notified by mail. The program is effective November 19, 2025 through December 23, 2025, unless terminated or extended by the company.

The program will be independently administered by Georgeson LLC, an affiliate of transfer agent Computershare Trust Company, N.A., with Computershare serving as paying agent. Participation is voluntary and the company makes no recommendation about whether shareholders should participate. More information is available at www.oddlotprogram.com/FMCB or by calling 1-800-733-8475.

Farmers & Merchants Bancorp (OTCQX: FMCB) declared a quarterly cash dividend of $5.05 per share, payable January 2, 2026, to holders of record December 15, 2025. The declaration raises year-to-date cash dividends to $19.35 per share, a 6.9% increase versus 2024.

Through September 30, 2025, trailing twelve‑month net income was $91.6 million and diluted EPS was $130.83 (+10.4% YoY). Q3 2025 net income was $23.7 million or $33.92 per diluted share (+13.2% YoY). Total assets were $5.6 billion and CET1 ratio was 14.26%, with all capital ratios classified as well-capitalized.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported record third quarter 2025 net income of $23.7 million and diluted EPS of $33.92, up from $29.96 in Q3 2024. Trailing twelve-month diluted EPS rose to $130.83 (+10.4% YoY). Net interest income was $55.4 million and net interest margin remained strong at ~4.14% (nine months). Tangible book value per share increased 9.8% to $877.13. Capital ratios strengthened with a preliminary total risk-based ratio of 15.76% and CET1 of 14.28%. Liquidity included $172.6 million cash and $1.6 billion investment securities at September 30, 2025.

Farmers & Merchants Bancorp (OTCQX: FMCB) has authorized a $45 million increase to its share repurchase program, bringing the total to $57.6 million, with an extension through December 31, 2027. Since January 2021, FMCB has repurchased 97,376 shares, representing approximately 12.3% of outstanding shares.

The company maintains strong capital positions with a tier 1 leverage ratio of 11.18%, CET1 ratio of 13.88%, and total capital ratio of 15.36% as of June 30, 2025. The total allowance for credit losses stands at 2.09%. The expanded program reflects FMCB's robust financial performance and aims to enhance shareholder returns through ownership concentration while providing additional liquidity.

Farmers & Merchants Bancorp (OTCQX: FMCB) announced a significant change to its dividend policy, transitioning from semi-annual to quarterly dividend payments. The Board declared a quarterly cash dividend of $5.00 per share, payable on October 1, 2025, to shareholders of record on September 11, 2025.

The company reported strong financial performance with net income of $90.0 million over the trailing twelve months, up from $87.9 million year-over-year. Q2 2025 results showed net income of $23.1 million, or $32.94 per diluted share, with an impressive 1.65% return on assets and 15.09% return on equity. The bank maintains excellent credit quality with no non-accrual loans and a strong capital position.

FMCB has achieved the remarkable milestone of 90 consecutive years of cash dividends and 60 consecutive years of dividend increases, earning its position as the 17th-ranked "Dividend King" among only 55 companies.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported exceptional second quarter 2025 financial results, with record net income of $23.1 million, up 5.9% year-over-year. The bank achieved diluted earnings per share of $32.94, representing a 12.1% increase from Q2 2024.

Key performance metrics include a return on average assets of 1.65%, return on average equity of 15.09%, and an improved efficiency ratio of 44.88%. The bank maintained strong liquidity with $291.8 million in cash and $1.3 billion in investment securities. Total deposits reached $4.8 billion, while maintaining a conservative loan-to-deposit ratio of 76.38%.

The company declared a mid-year cash dividend of $9.30 per share, marking its 90th consecutive year of dividend payments and 60th consecutive year of dividend increases. Credit quality remained exceptional with no non-accrual loans and a minimal delinquency ratio of 0.03%.

Farmers & Merchants Bancorp (OTCQX: FMCB) has announced a mid-year cash dividend increase of 5.7% to $9.30 per share, payable on July 1, 2025. The company reported strong financial results with net income of $23.0 million for Q1 2025, or $32.86 per diluted share, up from $22.7 million in Q1 2024. The trailing twelve-month net income reached $88.7 million with diluted EPS of $123.32, marking a 5.97% increase year-over-year.

The bank demonstrated solid credit quality with only $193,000 in non-accrual loans and a 0.01% delinquency ratio. Total assets stood at $5.7 billion, with a common equity tier 1 ratio of 13.75%. This marks FMCB's 60th consecutive year of dividend increases and 90th consecutive year of paying cash dividends, maintaining its status as a "Dividend King" ranked 17th among 55 companies.

Farmers & Merchants Bancorp (FMCB) reported strong Q1 2025 financial results with net income of $23.0 million, or $32.86 per diluted share, up 9.9% from Q4 2024 and 7.6% from Q1 2024. The company achieved a return on average assets of 1.70% and return on average equity of 15.65%.

Key highlights include net interest income of $53.1 million, a net interest margin of 4.20%, and strong liquidity position with $607.3 million in cash. The bank maintains robust capital ratios with a total risk-based capital ratio of 15.23%. Credit quality remains solid with minimal non-accrual loans of $193,000 and net charge-offs of $160,000.

Total assets reached $5.7 billion, with $3.6 billion in loans and leases. Total deposits increased by $278.8 million to $5.0 billion, while tangible book value per share grew 13.49% year-over-year to $843.33.

Farmers & Merchants Bancorp (FMCB) reported record financial results for 2024, with full-year net income of $88.5 million, or $121.02 per share, up 3.78% from $116.61 in 2023. The company achieved a net interest margin of 4.05%, with loan yield at 6.08% and cost of average total deposits at 1.35%.

Key highlights include total assets growing to $5.37 billion, loans and leases reaching $3.69 billion, and total deposits of $4.70 billion. The company maintained strong credit quality with minimal net charge-offs of $0.7 million and non-performing loans of $0.9 million. Capital ratios remained robust with a total risk-based capital ratio of 14.51%.

During 2024, FMCB repurchased 48,173 shares (6.44% of outstanding shares) and implemented a new $55.0 million share repurchase program with $19.9 million remaining as of December 31, 2024.