Farmers & Merchants Bancorp, Inc. Reports 2023 Fourth-Quarter and Full-Year Financial Results
Farmers & Merchants Bancorp(FMAO) Newsfilter·2024-02-13 21:30ARCHBOLD, Ohio, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) today reported financial results for the 2023 fourth quarter and twelve months ended December 31, 2023. 2023 Fourth Quarter Financial and Operating Highlights (on a year-over-year basis unless noted): 83 consecutive quarters of profitabilityNet income was $5.5 million, or $0.41 per basic and diluted shareAsset quality remains strong as nonperforming loans were 0.87% of total loansNet charge-offs to average loan ...