Welcome to our dedicated page for Farmers Merchant news (Ticker: FMCB), a resource for investors and traders seeking the latest updates and insights on Farmers Merchant stock.
Farmers & Merchants Bancorp (FMCB) is the parent company of Farmers & Merchants Bank of Central California, a locally owned and operated community bank founded in 1916. The company trades on the OTCQX under the symbol FMCB and operates in the commercial banking industry with a focus on California markets, including the Central Valley and parts of the San Francisco Bay Area.
This news page aggregates company-issued press releases and other coverage related to FMCB. Readers can follow announcements on quarterly and annual financial results, including net income, earnings per share, returns on assets and equity, loan and deposit trends, and credit quality metrics. The company frequently reports on its capital ratios and notes when they exceed regulatory thresholds for "well-capitalized" banks.
Farmers & Merchants Bancorp also uses news releases to communicate decisions by its board of directors, such as changes in dividend policy, declarations of cash dividends, and its long record of consecutive dividend payments and increases. Updates on share repurchase authorizations, special shareholder programs, and other capital management actions are also disclosed through news items.
Because F&M Bank is active in agricultural lending and community banking, news may highlight its role as a significant agricultural lender and its recognition by organizations such as Bank Director’s Magazine, Forbes, S&P Global Market Intelligence, and Newsweek. Investors and observers can use this page to monitor how the company describes its financial performance, risk profile, and community banking activities over time.
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%.
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