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Stock impact report

Farmers & Merchants Bancorp (FMCB) Reports Strong First Quarter 2024 Earnings [Yahoo! Finance]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Company Research Source: Yahoo! Finance
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 quarter of 2024 compared with $23.5 million, or $30.80 per diluted common share, for the first quarter of 2023. The first quarter of 2023 benefited from cash p Show less Read more
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