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FRMRS&MER BNCORP LODI CA - $FMCB STOCK NEWS

Welcome to our dedicated page for FRMRS&MER BNCORP LODI CA news (Ticker: $FMCB), a resource for investors and traders seeking the latest updates and insights on FRMRS&MER BNCORP LODI CA stock.

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 FRMRS&MER BNCORP LODI CA'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 FRMRS&MER BNCORP LODI CA's position in the market.

News
Farmers & Merchants Bancorp (FMCB) Reports Strong First Quarter 2024 Earnings
Rhea-AI Summary
Farmers & Merchants Bancorp (FMCB) reported strong first quarter 2024 earnings with net income of $22.7 million, achieving a return on average assets of 1.71% and return on average equity of 16.33%. The company maintained a strong liquidity position, strengthening capital levels, and solid credit quality. Earnings per share increased compared to the previous year, and the company's CEO expressed satisfaction with the financial performance and recognition received from S&P Global Market Intelligence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
earnings
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News
Farmers & Merchants Bancorp (FMCB) Reports Record Year-End 2023 Financial Results
Rhea-AI Summary
Farmers & Merchants Bancorp (FMCB) reported record net income of $88.3 million, or $116.61 per share, up 17.61% from the prior year. The company achieved return on average assets of 1.68% and return on average equity of 17.05%. Total assets at year-end were steady at $5.3 billion, with loans and leases held for investment at $3.65 billion. Total deposits at year-end were $4.67 billion, down 1.9% year-over-year. The company's strong liquidity position with $410.6 million in cash, $1.0 billion in investment securities, and a borrowing capacity of $2.3 billion with no outstanding borrowings as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
Tags
earnings
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News
Farmers & Merchants Bancorp (FMCB) Authorizes a $25 Million Increase in Its Share Repurchase Program
Rhea-AI Summary
Farmers & Merchants Bancorp (FMCB) extends its share repurchase program through December 31, 2024, authorizing an additional $25 million in repurchases. The program, first established in 2008, has repurchased and retired 17,126 shares since November 2022, representing approximately 2.23% of total shares outstanding. The company had a reduction of 38,551 shares or 4.88% of shares outstanding through October 31, 2023 due to share repurchases. Repurchases are made at market prices through open market purchases, trading plans established in accordance with SEC rules, and privately negotiated transactions. The company's tier 1 leverage capital ratio was 10.22% at September 30, 2023, and the common equity tier 1 ratio (CET1) was 12.48%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
Tags
buyback
News
Farmers & Merchants Bancorp (FMCB) Announces Increase in the Year-End Cash Dividend
Rhea-AI Summary
Farmers & Merchants Bancorp (FMCB) declares a year-end cash dividend of $8.80 per share, up 6.02% from May 2023. Total cash dividends for 2023 increased 5.88% to $17.10 per share. The company's net income rose by 25.83% to $114.13 per share, resulting in a 15.0% dividend payout ratio. Additionally, the company repurchased and retired 17,126 shares, focusing on shareholders' ownership percentage. The Chairman, President, and CEO highlighted the record financial performance in 2023, with net income reaching $66.9 million for the nine months ended September 30, 2023, representing a 21.5% increase over the same period in 2022. Asset quality and liquidity remained strong, with a tier 1 leverage capital ratio of 10.22% and a CET1 ratio of 12.48% at September 30, 2023.
Rhea-AI Impact
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End-of-Day
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dividends
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News
Farmers & Merchants Bancorp (FMCB) Reports Record Third Quarter and Year-to-Date Earnings
Rhea-AI Summary
Farmers & Merchants Bancorp reports strong financial performance in Q3 2023 with net income of $22.0 million and record year-to-date net income of $66.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.96%
Tags
earnings
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News
Farmers & Merchants Bancorp (FMCB) which serves Central California ranked as the Nation’s #1 Performing Bank for 2022
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.24%
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none
News
Farmers & Merchants Bancorp (FMCB) Reports Second Quarter and Record Year-to-Date Earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
Tags
earnings
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News
Farmers & Merchants Bancorp (FMCB) Increases Cash Dividend for the 58th Consecutive Year
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.34%
Tags
dividends
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News
Farmers & Merchants Bancorp Reports Record First Quarter 2023 Earnings
Rhea-AI Summary
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End-of-Day
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earnings
News
Farmers & Merchants Bancorp (FMCB) Reports Record Year-End 2022 Financial Results
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Rhea-AI Sentiment
End-of-Day
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FRMRS&MER BNCORP LODI CA

OTC:FMCB

FMCB Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

FMCB Stock Data

724.30M
620.25k
18.86%
Commercial Banking
Finance and Insurance
Link
United States of America
Lodi

About FMCB

f&m bank, headquartered in lodi, california, is a locally owned and operated full-service community bank with more than $2.9 billion in assets. we proudly serve california’s great communities with more than 26 convenient locations. f&m bank is consistently recognized as one of the safest banks in california. we continue to carry the five-star, superior bank award by the national independent bank rating firm of bauer financial, one of the nation’s most well-known independent rating services for banks and credit unions *. we have received this recognition for more than 20 years, longer than any other commercial bank in the state of california. along with the experience and knowledge of the communities we support, f&m bank is dedicated to improving the quality of life in the central valley and east bay by reinvesting a significant portion of our profits back into these communities. we proudly maintain the highest rating possible for community reinvestment - an “outstanding” from the feder