Farmers & Merchants Bancorp, Inc. Reports 2024 First-Quarter Financial Results
Farmers & Merchants Bancorp, Inc. (FMAO)
NASDAQ:AMEX Investor Relations:
farmers.com
Company Research
Source: GlobeNewswire
ARCHBOLD, Ohio, May 01, 2024 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2024 first quarter ended March 31, 2024. 2024 First Quarter Financial and Operating Highlights (on a year-over-year basis unless noted): 84 consecutive quarters of profitabilityNet income was $5.4 million, or $0.39 per basic and diluted shareNet interest income after provision for credit losses increased 6.2% from December 31, 2023, primarily due to a stabilizing net interest margin and solid asset qualityTotal loans increased 3.9% to $2.54 billion at March 31, 2024Total cash and cash equivalents increased by $123.5 million, or 191.9% to $187.8 millionTotal assets increased 7.1% to a record $3.29 billionDeposits increased to 4.3% to a record $2.62 billionStockholders’ equity increased 3.9% to a record $317.7 millionAsset quality remains solid as net charge-offs to average loans were 0.00%Allowance for credit losses was 127.28% of nonperform
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News
- Andrew Briggs Appointed Chairman of Farmers & Merchants Bancorp, Inc. and F&M Bank [Yahoo! Finance]Yahoo! Finance
- Andrew Briggs Appointed Chairman of Farmers & Merchants Bancorp, Inc. and F&M BankGlobeNewswire
- Farmers & Merchants Bancorp, Inc. Reports 2024 First-Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
- Mark Hutchinson Joins F&M Bank as Treasurer [Yahoo! Finance]Yahoo! Finance
- Mark Hutchinson Joins F&M Bank as TreasurerGlobeNewswire
FMAO
Earnings
- 5/1/24 - Beat
FMAO
Sec Filings
- 5/14/24 - Form 4/A
- 5/14/24 - Form 4/A
- 5/14/24 - Form 4
- FMAO's page on the SEC website