Farmers & Merchants Bancorp (FMCB) Announces Quarterly Cash Dividend

Core Viewpoint - Farmers & Merchants Bancorp has announced a change in its dividend policy from semi-annual to quarterly payments, reflecting strong financial performance and aligning with industry practices [1][4]. Financial Performance - For the trailing twelve months ending June 30, 2025, the company reported a net income of $90.0 million, an increase from $87.9 million the previous year [2]. - Diluted earnings per share for the same period were $126.87, up 7.8% from $117.73 a year earlier [2]. - For the second quarter of 2025, net income was $23.1 million, or $32.94 per diluted common share [3]. - The annualized return on average assets was 1.65%, and return on average equity was 15.09% for the quarter [3]. - Total assets at quarter-end were reported at $5.5 billion [3]. Dividend Information - The Board of Directors declared a quarterly cash dividend of $5.00 per share, payable on October 1, 2025, to shareholders of record on September 11, 2025 [2]. - The last semi-annual cash dividend was $9.30, paid on July 1, 2025 [2]. - The company has paid dividends for 90 consecutive years and has increased dividends for 60 consecutive years, ranking 17th among "Dividend Kings" [4][6]. Capital Ratios and Credit Quality - As of June 30, 2025, the common equity tier 1 ratio was 13.88%, and the total risk-based capital ratio was 15.36%, exceeding regulatory requirements [3]. - The company maintained an allowance for credit losses on loans and leases of $76.2 million, or 2.09% of total loans and leases, with no non-accrual loans reported [3]. Industry Recognition - Farmers & Merchants Bancorp was ranked as the 3 best performing bank in the nation across all asset categories for 2024 by Bank Director's Magazine [7]. - The bank has consistently received high rankings in various studies, including being named the 1 best performing bank in 2022 and 2 in 2023 [8]. - F&M Bank was also recognized as the 6th best bank in America by Forbes in 2023 [9].