Farmers Merchant Stock Price, News & Analysis

Farmers & Merchants Bancorp (FMCB) has appointed Michelle Galvan as Assistant Vice President and Shareholder Relations Officer to enhance shareholder engagement. Kent Steinwert emphasized the importance of addressing shareholder needs. The company also reauthorized a share repurchase program of up to $20 million, representing about 4% of outstanding equity as of September 30, 2021. This buyback aims to enhance shareholder value through open market purchases and may be subject to various market conditions.

Farmers & Merchants Bancorp (OTCQX: FMCB) has been inducted into the National Ag Science Center's Ag Hall of Fame, marking its status as the first financial institution to receive this accolade. Serving California's ag community for over 100 years, F&M Bank is the 14th largest agricultural lender in the U.S., with 45% of its loan portfolio dedicated to agriculture. The bank's commitment to supporting local agricultural programs has resulted in over $250,000 in donations and more than 1,000 interest-free loans to students. The induction ceremony took place on November 5, 2021.

Farmers & Merchants Bancorp (OTCQX: FMCB) announced that Stephen W. Haley, CFO, will retire on December 31, 2021, after 18 years with the company. Mark K. Olson, previously CFO at Altabank, will take over on November 1, 2021. The transition aims to ensure continuity and leverage Olson's extensive banking experience as FMCB continues to expand. The company is recognized for its strong asset growth, reaching over $5.0 billion, and for its commitment to agriculture lending. FMCB has maintained a robust dividend history and high ratings from BauerFinancial.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported record net income of $17.5 million for Q3 2021, an increase of 18.2% year-over-year. Earnings per share reached $22.16, up 18.8%. Year-to-date net income stands at $50.4 million, a 16.5% rise compared to the previous year. The company’s total assets grew by 18.6% to $5.1 billion, with net interest income at $39.1 million. Asset quality remains healthy, evidenced by a mere $516,000 in non-performing loans. The company is optimistic about future growth, particularly with the upcoming opening of a new branch in Oakland.

Farmers & Merchants Bancorp (OTCQX: FMCB) proudly announces that its subsidiary, F&M Bank, has been recognized as the Best Community Bank in California by Newsweek in its America's Best Banks 2022 ranking. This award highlights the bank's exceptional customer service and reliability, especially in the reshaped banking landscape due to the pandemic.

Farmers & Merchants Bancorp (OTCQX: FMCB) announced the retirement of Kenneth W. Smith, Executive Vice President and Chief Credit Officer, effective December 31, 2021, ending 46 years in banking. Jay J. Colombini will succeed him starting November 1, 2021, bringing 36 years of credit administration experience, including 28 years at the bank. Chairman and CEO Kent A. Steinwert praised Smith's contributions to the bank's credit quality. The company continues to focus on strategic succession planning, appointing two Senior Vice President – Market Managers to fill Colombini's current role.

Farmers & Merchants Bancorp (OTCQX: FMCB) reported record net income of $16.2 million for Q2 2021, a 12.9% increase from the prior year. Earnings per share rose to $20.45, reflecting a 13.4% increase year-over-year. Net interest income reached $39.8 million, up 12.5%, although the net interest margin fell to 3.52%. Total assets grew to $4.9 billion, a 15.7% increase, with total deposits at $4.4 billion, up 16.7%. The company declared a dividend of $7.50 per share, continuing its 56-year dividend increase streak.

The Board of Directors of Farmers & Merchants Bancorp announced a mid-year cash dividend of $7.50 per share, increasing from $7.25 in July 2020. This dividend is payable on July 1, 2021, to shareholders of record on June 11, 2021. The company reported net income of $16.7 million for Q1 2021, an 18.4% increase from the previous year, with a return on average assets of 1.45%. Farmers & Merchants remains a member of the select group of Dividend Kings, marking its 86th consecutive year of paying dividends.

Farmers & Merchants Bancorp (FMCB) reported a record net income of $16.7 million for Q1 2021, an increase of 18.4% from Q1 2020. Earnings per share rose 18.9% to $21.17. Net interest income grew 13.2% to $40.1 million, despite a decline in net interest margin to 3.74% due to low market rates. Total assets reached $4.7 billion, up 27.3%, with total loans increasing 16.5%. Credit quality remained strong with a negligible delinquency ratio of 0.026% and only $493,000 in non-performing loans.