Farmers & Merchants Bancorp, Inc. Reports 2023 Fourth-Quarter and Full-Year Financial Results
Farmers & Merchants Bancorp, Inc. (FMAO)
NASDAQ:AMEX Investor Relations:
farmers.com
Company Research
Source: GlobeNewswire
ARCHBOLD, Ohio, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2023 fourth quarter and twelve months ended December 31, 2023. 2023 Fourth Quarter Financial and Operating Highlights (on a year-over-year basis unless noted): 83 consecutive quarters of profitabilityNet income was $5.5 million, or $0.41 per basic and diluted shareAsset quality remains strong as nonperforming loans were 0.87% of total loansNet charge-offs to average loans were 0.03%Allowance for credit losses was 111.95% of nonperforming loansTier 1 leverage ratio was 8.20%Opened first bank office in Michigan and new regional headquarters in Fort Wayne, IndianaAdded Ian D. Boyce to the Board of Directors of both the Company and the BankRealigned organizational structure to support future growth and drive profitabilityDividend raised 4.8% year-over-year, representing the 29th consecutive annual increase in the Company’s regular dividend payment
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News
- Mark Hutchinson Joins F&M Bank as Treasurer [Yahoo! Finance]Yahoo! Finance
- Mark Hutchinson Joins F&M Bank as TreasurerGlobeNewswire
- Farmers & Merchants Bancorp, Inc. (NASDAQ: FMAO) is now covered by analysts at Hovde Group. They set a "market perform" rating and a $22.00 price target on the stock.MarketBeat
- Farmers & Merchants Bancorp, Inc. Declares 2024 First-Quarter Cash DividendGlobeNewswire
- F&M Bank Announces Promotion of Kevin Becker to Chief Credit OfficerGlobeNewswire
FMAO
Earnings
- 2/13/24 - Beat
FMAO
Sec Filings
- 3/27/24 - Form 4
- 3/15/24 - Form ARS
- 3/15/24 - Form DEF
- FMAO's page on the SEC website