Farmers & Merchants Bk Md Stock Price, News & Analysis

Farmers and Merchants Bancshares (NASDAQ:FMFG) announced a $0.34 per share cash dividend on common stock. The dividend is payable on December 15, 2025 to stockholders of record on December 5, 2025.

Investors can find related press releases, financial and stock information, peer analysis, and officer/director details on the company investor relations website.

Farmers and Merchants Bancshares (OTC: FMFG) reported net income of $4.1M or $1.28 per share for the nine months ended September 30, 2025, up from $3.4M ($1.09) in 2024. Return on average equity rose to 9.24% and return on average assets to 0.65% for the nine-month period.

Key drivers included a $2.4M increase in net interest income, wider net yield on interest-earning assets (2.98% vs 2.67%), loan growth of $39.5M (loans net $622.5M), and a $13.0M unrealized AFS securities loss reflected in equity but not in regulatory capital. The company issued $12.5M subordinated debt and increased FHLB advances, while provision for credit losses was $595K (two written-down foreclosed loans).

Farmers and Merchants Bancshares (FMFG) reported net income of $2.4 million, or $0.74 per share, for the six months ended June 30, 2025, compared to $2.3 million in the same period of 2024. The company's net interest margin widened to 2.92% from 2.70% year-over-year.

Key financial metrics include: total assets of $842.2 million, loan growth of $32.5 million reaching $615.5 million, and deposits of $748.9 million. The bank's book value increased to $18.97 per share, despite carrying a $15.1 million unrealized loss on its available-for-sale securities portfolio.

Notable improvements include increased yields on earning assets to 5.11% and gross interest income growth of $2.0 million to $20.2 million. The company maintains strong asset quality with few delinquencies and a robust liquidity position.

Farmers and Merchants Bancshares (FMFG) has announced a quarterly cash dividend of $0.34 per share, demonstrating its commitment to returning value to shareholders. The dividend will be paid on July 25, 2025, to stockholders of record as of July 11, 2025. The announcement comes from the Board of Directors of the parent company of Farmers and Merchants Bank, highlighting their continued focus on shareholder returns.

Farmers and Merchants Bancshares (FMFG) has filed a Registration Statement with the SEC for its new 2025 Dividend Reinvestment Plan (DRIP), which will replace the 2017 DRIP that has no remaining shares available. Due to the pending SEC review process and to allow stockholders time to enroll in the new plan, the company's Board has decided to delay its semi-annual cash dividend declaration until June 2025.

The company emphasizes that this delay is a one-time deviation and does not indicate any change in their historical practice of declaring semi-annual cash dividends. The implementation of the 2025 DRIP is subject to SEC review and effectiveness declaration of the Registration Statement.

Farmers and Merchants Bank reported Q1 2025 net income of $1.2 million, or $0.37 per share, maintaining stable earnings compared to Q1 2024. The bank's net interest income increased by $321,000 to $5.5 million, driven by higher yields on earning assets and loan growth.

Key performance metrics include:

• Return on average equity: 8.22% (down from 9.40%)
• Return on average assets: 0.57% (down from 0.61%)
• Average loans increased by $59.1 million to $593.7 million
• Total assets reached $817.6 million

The bank's loan portfolio shows strong performance with only four non-accrual loans totaling $2.6 million. The new Towson Commercial Banking Office, opened in June 2024, has generated $29 million in new commercial loans and $8 million in deposits. Despite unrealized losses in the investment portfolio, the bank maintains strong liquidity with access to approximately $337.8 million.

Farmers and Merchants Bancshares (FMFG) reported net income of $4.28 million or $1.37 per share for 2024, down from $6.42 million or $2.08 per share in 2023. The decline was primarily due to higher interest expenses resulting from Federal Reserve rate increases.

Key financial metrics for 2024 include:

• Return on average equity decreased to 7.83% from 13.08%
• Return on average assets fell to 0.53% from 0.86%
• Loan growth of $60 million (11.4%)
• Net interest margin declined to 2.68% from 2.97%

Total assets increased to $845 million from $800 million, while deposits grew to $758 million from $681 million. The company's book value per share improved to $17.77 from $16.74. Asset quality remained strong with only one non-accrual loan totaling $403,853.

Farmers and Merchants Bancshares has declared a cash dividend of $0.34 per share, payable on December 17, 2024, to stockholders of record on December 3, 2024. This represents a $0.01 increase from the June 2024 dividend. The total 2024 dividend of $0.67 per share yields 4.5% based on the current market value of $14.75 per share and marks the company's 14th consecutive year of dividend increases, up from $0.66 per share in 2023.

Farmers and Merchants Bancshares, Inc. (FMFG) reported net income of $3,421,623, or $1.09 per share, for the nine months ended September 30, 2024, compared to $5,003,107, or $1.63 per share, for the same period in 2023. The decline in net income was primarily due to higher interest expenses resulting from Federal Reserve rate increases. Key financial metrics include:

- Return on average equity: 8.53% (down from 13.45%)
- Return on average assets: 0.57% (down from 0.91%)
- Loan growth: $49 million (12.5% annualized growth rate)
- Net interest margin: 2.67% (down from 3.04%)
- Total assets: $818 million (up from $800 million)
- Loans: $572 million (up from $523 million)
- Deposits: $674 million (down from $681 million)
- Book value per share: $18.81 (up from $16.74)

The company's CEO, Gary A. Harris, highlighted strong loan growth and asset quality, while noting ongoing challenges with net interest margin and the impact of a core system conversion scheduled for October 28, 2024.