Farmers Merchant Stock Price, News & Analysis

Farmers & Merchants Bancorp (FMCB) reported record net income of $23.5 million for Q1 2023, translating to $30.80 per share, up from $17.1 million in Q1 2022. The company achieved a return on average assets of 1.80% and return on average equity of 18.93%. Key highlights include strong liquidity with $529.6 million in cash and no outstanding borrowings, alongside a total risk-based capital ratio of 13.68%. Although customer deposits saw a slight decline of 4.62% due to seasonal factors, the loan portfolio grew by 5.85% year-over-year. The company's credit quality remained strong with a robust allowance for credit losses of 1.99%. Noninterest income included $4.3 million from a BOLI benefit, though offset by a $5.7 million loss from securities sales.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported record net income of $75.1 million, or $96.55 per share for 2022, reflecting a 14.93% increase from 2021. Total assets rose to $5.3 billion, with loans held for investment growing 10.7% to $3.5 billion. The bank's return on average assets improved to 1.41%, and return on average equity reached 16.04%. However, the company recorded $10.7 million in losses from the sale of investment securities and a drop in NSF fees. Despite these challenges, non-performing loans remained low at 0.02%. FMCB's net interest margin rose to 4.45%.

The Board of Directors of Farmers & Merchants Bancorp (OTCQX: FMCB) has announced an extension of its share repurchase program through December 31, 2024, with an additional $20 million authorized for repurchases. Since November 2021, the company has repurchased and retired 18,824 shares, valued at $17.9 million, representing 2.38% of total shares outstanding. The company's capital ratios remain strong, with a tier 1 leverage capital ratio of 9.12% and a total capital ratio of 13.32%, classifying it as 'well capitalized'.

Farmers & Merchants Bancorp (OTCQX: FMCB) has declared a year-end cash dividend of $8.30 per share, marking a 6.41% increase from 2021. The dividend will be paid on January 3, 2023 to shareholders of record by December 7, 2022. In 2022, total cash dividends were $16.15 per share, up 5.56%. The company reported record net income of $19.5 million for Q3 2022, with earnings per share of $25.20, a 13.7% increase year-over-year. Farmers & Merchants Bancorp remains well-capitalized with a tier 1 leverage capital ratio of 9.12%.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported a record net income of $19.5 million, or $25.20 per share, for Q3 2022, a 13.67% increase from Q3 2021. The company achieved a return on average assets of 1.45% and return on average equity of 16.64%. Total assets grew 7.13% to $5.5 billion, with loans increasing 9.67% to $3.3 billion. Net interest margin improved to 3.95%. The company repurchased 6,368 shares during the quarter, reflecting strong capital management.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported record net income of $18.4 million, or $23.58 per share for Q2 2022, a 15.3% increase from the previous year. The return on average assets was 1.38%, with equity at 15.94%. Total assets grew to $5.3 billion, with deposits increasing by 8.1% to $4.8 billion. Loans held for investment rose by 12.5% to $3.2 billion, excluding forgiven SBA PPP loans. The efficiency ratio improved to 47.8%. Dividends were declared at $7.85 per share, marking 87 consecutive years of dividend payments.

Farmers & Merchants Bancorp (OTCQX: FMCB) declared a cash dividend of $7.85 per share, marking a 4.7% increase from the $7.50 paid in July 2021. This dividend, payable on July 1, 2022, recognizes the company’s solid financial performance, including a net income of $17.1 million for Q1 2022. With a return on average assets of 1.29% and a stable credit quality, FMCB continues its streak as a “Dividend King”, celebrating 87 years of consecutive dividends and 57 years of increases.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported a record net income of $17.1 million or $21.70 per share for Q1 2022, marking a growth from $16.7 million in Q1 2021. Total assets rose by 14.6% year-over-year to $5.4 billion, while total deposits increased by 14.1% to $4.8 billion. The company achieved a return on average assets of 1.29% and return on average equity of 14.65%. Notably, the efficiency ratio improved to 51.1%. Cash and liquid investment securities grew by 36.8% to $2.0 billion. Overall, FMCB shows robust financial health as it replaces forgiven SBA PPP loans with higher-yielding loans.

Farmers & Merchants Bancorp (FMCB) reported strong financial results for 2021, with net income reaching $66.3 million or $84.01 per share, reflecting a 13.47% increase from 2020. Total assets grew by $627 million (13.8%) to $5.2 billion, while total deposits rose by $580 million (14.3%) to $4.6 billion. The bank's loan portfolio, excluding forgiven SBA PPP loans, expanded by 10%. Despite low interest rates affecting margins, FMCB remains optimistic about future growth, aided by a new branch in Alameda County.