Farmers & Merchants Bancorp, Inc. Announces Quarterly Cash Dividend of $0.22125 per Share

Farmers & Merchants Bancorp approves a quarterly cash dividend of $0.22125 per share, payable January 20, 2025.

Quiver AI Summary

Farmers & Merchants Bancorp, Inc. has announced a quarterly cash dividend of $0.22125 per share, which will be payable on January 20, 2025, to shareholders of record as of December 27, 2024. The company, which is the holding entity for F&M Bank, reported total assets of $3.39 billion as of September 30, 2024. F&M Bank has been operating since 1897 and provides a range of banking services across multiple counties in Ohio and northeastern Indiana, with additional offices in Michigan. The press release also includes a Safe Harbor statement regarding forward-looking statements and the potential risks affecting the company's financial conditions. For further information, interested parties can refer to F&M's SEC filings or visit their website.

Potential Positives

• The announcement of a quarterly cash dividend of $0.22125 per share signifies the company's financial health and commitment to returning value to its shareholders.
• The scheduled payment date for the dividend on January 20, 2025, demonstrates efficient financial planning and shareholder communication.
• The strong asset base of $3.39 billion at September 30, 2024, highlights the company's stability and growth potential in the banking sector.

Potential Negatives

• The announcement of the quarterly dividend may indicate a potential lack of growth opportunities, raising concerns about the company's future profitability and reinvestment capabilities.
• The use of "forward-looking statements" in the release highlights uncertainties that could negatively impact the company's performance, such as risks inherent in banking conditions and economic factors.
• The mention of the COVID-19 pandemic's impact on credit quality and business operations suggests lingering challenges that could affect the company's stability and growth prospects.

FAQ

What is the amount of the quarterly cash dividend for F&M Bancorp?

The quarterly cash dividend approved is $0.22125 per share for Farmers & Merchants Bancorp.

When is the dividend payable to shareholders?

The dividend is payable on January 20, 2025, to shareholders of record as of December 27, 2024.

Where does Farmers & Merchants Bank operate?

F&M Bank operates in various counties in Ohio, Northeast Indiana, and Oakland County, Michigan.

What services does F&M Bank provide?

F&M Bank offers commercial banking, retail banking, and other financial services to its customers.

How can I find more information about F&M's financial performance?

More information can be found in F&M’s SEC filings, including the Annual Report on Form 10-K and quarterly reports on Form 10-Q.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$FMAO Congressional Stock Trading

Members of Congress have traded $FMAO stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $FMAO stock by members of Congress over the last 6 months:

• REPRESENTATIVE ROBERT E. LATTA has traded it 2 times. They made 2 purchases worth up to $30,000 on 10/20, 07/20 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$FMAO Insider Trading Activity

$FMAO insiders have traded $FMAO stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $FMAO stock by insiders over the last 6 months:

• DAVID R GERKEN (Executive Vice President) sold 656 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$FMAO Hedge Fund Activity

We have seen 36 institutional investors add shares of $FMAO stock to their portfolio, and 27 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• FIRST TRUST ADVISORS LP added 43,707 shares (+inf%) to their portfolio in Q3 2024
• BLACKROCK, INC. added 40,873 shares (+4.6%) to their portfolio in Q3 2024
• VANGUARD GROUP INC added 36,886 shares (+6.1%) to their portfolio in Q3 2024
• DIMENSIONAL FUND ADVISORS LP added 27,700 shares (+23.4%) to their portfolio in Q3 2024
• MORGAN STANLEY added 21,334 shares (+125.8%) to their portfolio in Q3 2024
• GOLDMAN SACHS GROUP INC added 17,868 shares (+192.5%) to their portfolio in Q3 2024
• SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 16,625 shares (-100.0%) from their portfolio in Q2 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

ARCHBOLD, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.39 billion at September 30, 2024, today announced that it has approved the Company’s quarterly cash dividend of $0.22125 per share. The fourth-quarter dividend is payable on January 20, 2025, to shareholders of record as of December 27, 2024.

About Farmers & Merchants State Bank:



Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) is the holding company of F&M Bank, a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

Safe Harbor statement



Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website

www.fm.bank

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.