Farmers & Merchants Bank of Long Beach Reports 2024 Third Quarter Results
FRMRS&MER BK LONG BCH CAL (FMBL)
NASDAQ:AMEX Investor Relations:
farmers.com
Company Research
Source: Business Wire
LONG BEACH, Calif.--(BUSINESS WIRE)--Farmers & Merchants Bank of Long Beach (“F&M” or the “Bank”) (OTCQX: FMBL) today reported financial results for the third quarter ended September 30, 2024.“F&M achieved profitable operations for the third quarter ended September 30, 2024, and our balance sheet remained strong, with capital ratios far exceeding all regulatory requirements,” said W. Henry Walker, Chief Executive Officer. “As has been the case throughout F&M’s 117-year history, our solid capital and liquidity levels, along with prudent risk management strategies, position the Bank well for the long-term. Throughout the challenging external economic environment, we maintained a stable, conservative loan portfolio, strong liquidity, and always with the first priority of serving our clients well and safeguarding deposits,” he added.Daniel Walker, F&M’s Executive Chairman of the Board, said, “Earnings for the third quarter, as expected, were again impacted by higher deposit costs, pre
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News
- Farmers & Merchants Bank of Long Beach Declares Fourth-quarter Cash Dividend Payment of $28 Per Share; Also Declares Special Christmas Dividend of $15 Per Share [Yahoo! Finance]Yahoo! Finance
- Farmers & Merchants Bank of Long Beach Declares Fourth-quarter Cash Dividend Payment of $28 Per Share; Also Declares Special Christmas Dividend of $15 Per ShareBusiness Wire
- Farmers & Merchants Bank of Long Beach GAAP EPS of $115.17, revenue of $64.89M [Seeking Alpha]Seeking Alpha