Farmers & Merchants Bancorp (FMCB) Reports Strong First Quarter 2024 Earnings
FRMRS&MER BNCORP LODI CA (FMCB)
NASDAQ:AMEX Investor Relations:
farmers.com
Company Research
Source: GlobeNewswire
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 tangible common equity ratio of 9.68%;Credit quality remains solid with net recoveries of $53,000; no non-accrual loans or leases at quarter-end; and a total allowance for credit losses of 2.12%. LODI, Calif., April 17, 2024 (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”), reported net income of $22.7 million, or $30.56 per diluted common share for the first quar
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FMCB
News
- Farmers & Merchants Bank of Central California (FMCB) ranked #4 Best-Performing Community Bank in the United States for 2023GlobeNewswire
- Farmers & Merchants Bancorp: Looking Interesting For Long-Term Investors (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Farmers & Merchants Bancorp: A Dividend King At An Attractive Valuation [Seeking Alpha]Seeking Alpha
FMCB
Sec Filings
- 4/17/24 - Form 8-K
- 4/5/24 - Form 8-K
- 4/5/24 - Form 8-A12G/A
- FMCB's page on the SEC website