Farmers & Merchants Bancorp (FMCB) Reports Second Quarter 2024 Earnings
FRMRS&MER BNCORP LODI CA (FMCB)
NASDAQ:AMEX Investor Relations:
farmers.com
Company Research
Source: GlobeNewswire
Second Quarter 2024 Highlights Net income of $21.8 million, or $29.39 per share; up 4.85% on a per share basis from the second quarter of 2023;Achieved a return on average assets of 1.58% and a return on average equity of 15.33%;Solid liquidity position with $296.0 million in cash, $1.0 billion in investment securities and a borrowing capacity of $2.1 billion with no outstanding borrowings as of June 30, 2024;Continued growth in capital with a total risk-based capital ratio of 14.58%, common equity tier 1 ratio of 13.09%, tier 1 capital ratio of 13.32% and a tangible common equity ratio of 10.72%;Credit quality remains strong with net recoveries of $14,000; no non-accrual loans or leases at quarter-end; and a total allowance for credit losses of 2.13%. LODI, Calif., July 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 second qu
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Sec Filings
- 9/16/24 - Form 8-K
- 9/9/24 - Form 8-K
- 8/9/24 - Form 10-Q
- FMCB's page on the SEC website