STOCK TITAN
  1. Home
  2. News
  3. FMFG

Farmers and Merchants Bancshares Inc (MD) - FMFG STOCK NEWS

Welcome to our dedicated news page for Farmers and Merchants Bancshares (MD) (Ticker: FMFG), a resource for investors and traders seeking the latest updates and insights on Farmers and Merchants Bancshares (MD).

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 Farmers and Merchants Bancshares (MD)'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 Farmers and Merchants Bancshares (MD)'s position in the market.

News
Farmers and Merchants Bancshares, Inc. Reports Earnings of $6,418,337 or $2.08 Per Share for the Year Ended December 31, 2023
Rhea-AI Summary
Farmers and Merchants Bancshares, Inc. reported a decrease in net income and return on equity and assets for the year ended December 31, 2023, compared to the same period in 2022. The net interest income and noninterest income also decreased, while noninterest expenses and income taxes decreased. Total assets, loans, investments, cash and cash equivalents, and deposits increased. The company's tangible equity and book value per share also increased. The implementation of the new credit loss methodology resulted in an increase in the credit loss reserve on loans, available credit, and held to maturity securities. The company utilized the Federal Reserve Bank’s Bank Term Funding Program and had borrowings outstanding at December 31, 2023. The CEO commented on the challenging year and the impact of the higher interest rate environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
News
FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.33 PER SHARE
Rhea-AI Summary
Farmers and Merchants Bancshares, Inc. (FMB) declared a cash dividend of $.33 per share of common stock on November 20, 2023. The annual dividend has increased for 13 consecutive years, with the 2023 dividend representing a 4.8% increase over the previous year. The dividend of $.66 per share represents a 3.8% yield on the current market value of $17.52 per share. Shareholders of record on December 1, 2023, will receive the dividend on December 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
dividends
-
News
Farmers and Merchants Bancshares, Inc. Reports Earnings of $5,003,107 or $1.63 Per Share for the Nine Months Ended September 30, 2023
Rhea-AI Summary
Farmers and Merchants Bancshares reports net income of $5,003,107 for the nine months ended September 30, 2023, compared to $6,075,845 for the same period in 2022. Return on average equity decreases to 13.45% from 15.53%. Net interest income decreases due to higher interest expense on deposits and borrowings. Noninterest income decreases primarily due to a decline in mortgage banking revenue. Total assets, loans, investments in debt securities, and deposits increase. Tangible equity remains unchanged. Book value per share increases to $15.61. The company utilizes the Federal Reserve Bank's Bank Term Funding Program for liquidity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
News
ROBERT (BOB) POLLOKOFF ACCEPTS POSITION ON FARMERS AND MERCHANTS BANCSHARES, INC. BOARD OF DIRECTORS
Rhea-AI Summary
Robert Pollokoff joins the Boards of Directors of Farmers and Merchants Bancshares, Inc. and its subsidiary, Farmers and Merchants Bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
News
EMILY BOLLINGER MILLER ACCEPTS POSITION ON FARMERS AND MERCHANTS BANCSHARES, INC. BOARD OF DIRECTORS
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
News
Farmers and Merchants Bancshares, Inc. Reports Earnings of $3,570,968 or $1.16 per Share for the Six Months Ended June 30, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
News
FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.33 PER SHARE
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.51%
Tags
dividends
-
News
Farmers and Merchants Bancshares, Inc. Reports Earnings of $1,900,851 or $0.62 Per Share for the Three Months Ended March 31, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
News
Farmers and Merchants Bancshares, Inc. Reports Earnings of $8,090,127 or $2.66 Per Common Share for the Year Ended December 31, 2022
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
News
FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.32 PER SHARE
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
dividends
Stock FMFG logo
Farmers and Merchants Bancshares Inc (MD)

OTC:FMFG

FMFG Rankings

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

FMFG Stock Data

54.24M
2.53M
18.77%
1.61%
Commercial Banking
Finance and Insurance
Link
United States
Hampstead