Farmers & Merchants Bancorp (FMCB) Authorizes a New $55 Million Share Repurchase Program
FRMRS&MER BNCORP LODI CA (FMCB)
NASDAQ:AMEX Investor Relations:
farmers.com
Company Research
Source: GlobeNewswire
LODI, Calif., Sept. 16, 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”), announced that, effective immediately, the Company has authorized a new $55.0 million share repurchase program through December 31, 2026. The existing $25.0 million share repurchase program approved in November 2023 has been terminated. The Company has utilized a share repurchase program for many years. Since January 2021 the Company has repurchased 51,596 shares or approximately 6.5% of the shares outstanding through September 10, 2024. Repurchases are made at market prices through open market purchases, trading plans established in accordance with SEC rules and privately negotiated transactions. Kent A. Steinwert, Chairman, President and Chief Executive Officer stated, “Our record earnings over the past several years have allowed us to repurchase shares, increase our
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News
- Farmers & Merchants Bancorp (FMCB) Announces Increase in the Year-End Cash Dividend [Yahoo! Finance]Yahoo! Finance
- Farmers & Merchants Bancorp (FMCB) Announces Increase in the Year-End Cash DividendGlobeNewswire
- Farmers & Merchants Bancorp GAAP EPS of $29.96, revenue of $58.27M [Seeking Alpha]Seeking Alpha
- Farmers & Merchants Bancorp (FMCB) Reports Record Third Quarter 2024 EarningsGlobeNewswire
- Farmers & Merchants Bancorp (FMCB) Authorizes a New $55 Million Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
FMCB
Sec Filings
- 11/13/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 10/25/24 - Form DEF
- FMCB's page on the SEC website