Farmers & Merchants Bancorp (FMCB)
- GlobeNewswire
Farmers & Merchants Bancorp (FMCB) Reports Strong First Quarter 2024 Earnings
First Quarter 2024 Highlights Net income of $22.7 million, or $30.56 per share;Achieved return on average assets of 1.71% and return on average equity of 16.33%;Strong liquidity position with $738.4 million in cash, $239.9 million in available-for-sale investment securities and a borrowing capacity of $1.9 billion as of March 31, 2024;Strengthening capital position with a total risk-based capital ratio of 14.23%, common equity tier 1 ratio of 12.75%, tier 1 leverage ratio of 10.85% and a tangibl
- GlobeNewswire
Farmers & Merchants Bancorp (FMCB) Reports Record Year-End 2023 Financial Results
Full Year 2023 Highlights Record net income of $88.3 million, or $116.61 per share, up $13.2 million, or $20.06 per share from the prior year; resulting in increases of 17.61% and 20.78%, respectively;Improved net interest margin to 4.30% from 3.81% in 2022; cost of average total deposits of 0.80%;Achieved return on average assets of 1.68% and return on average equity of 17.05%;Total assets at year-end were steady at $5.3 billion;Loans and leases held for investment at year-end were $3.65 billio
- GlobeNewswire
Farmers & Merchants Bancorp (FMCB) Authorizes a $25 Million Increase in Its Share Repurchase Program
LODI, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), announced that, effective immediately, the Company is extending its existing share repurchase program through December 31, 2024 with an additional $25 million in repurchases authorized through that date. The Company’s repurchase program was first established in 2008 and was last extend
