|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||800.00 - 800.00|
|52 Week Range||665.00 - 850.25|
|Beta (3Y Monthly)||0.06|
|PE Ratio (TTM)||11.94|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||14.10 (1.76%)|
|1y Target Est||N/A|
For the quarter ended June 30, 2019, Farmers & Merchants Bancorp reported net income of $14.1 million, a 33.7% increase over net income of $10.6 million in the second quarter of 2018. On a per share basis, earnings were $17.92, a 38.9% increase when compared to $12.90 per share of common stock outstanding in the second quarter of 2018. Net interest income for the quarter ended June 30, 2019 was $35.4 million, up 16.0% from the same quarter in 2018.
The Board of Directors of Farmers & Merchants Bancorp (FMCB), a bank holding company headquartered in Lodi, California, declared a mid-year cash dividend of $7.05 per share, an increase over the $6.90 per share declared in May of 2018. The cash dividend will be paid on July 1, 2019, to shareholders of record on June 14, 2019. Kent A. Steinwert, Chairman, President and CEO noted, "The Board is pleased with the Company’s record first quarter 2019 and full-year 2018 financial results and unanimously approved the cash dividend.
Farmers & Merchants Bancorp (FMCB) announced record net income for first quarter 2019. For the quarter ending March 31, 2019, Farmers & Merchants Bancorp reported net income of $13.5 million, or $17.27 per share, a 36.3% increase from net income of $9.9 million earned in the first quarter of 2018. The Company’s net interest margin on a tax equivalent basis was 4.40% in the first quarter of 2019, compared to 4.12% in the first quarter of 2018.
Locally owned and operated, F&M Bank has been serving California’s Central Valley since 1916, and is growing fast in the Bay Area. F&M Bank offers a full complement of deposit, loan, equipment leasing and treasury management services, and has maintained BauerFinancial’s coveted “Five-Star, Superior Bank” rating for over 28 consecutive years, longer than any other commercial bank in California. Steinwert expects the Bank's high level of customer service, the great convenience of Saturday banking hours and the Bank’s financial strength to be a draw for local customers. “We are particularly proud that we remain one of the safest and most secure banks in the United States,” said Steinwert.
Farmers & Merchants Bancorp (FMCB) today announced that the Company earned record net income of $45.5 million or $56.82 per share of common stock for the year-ending December 31, 2018, resulting in a return on average assets of 1.45% and a return on average equity of 14.80%. For the 4th quarter of 2018, the Company reported net income of $13.0 million or $16.56 per share of common stock. Return on average assets was 1.53% and return on average equity was 16.40%. Kent Steinwert, Farmers & Merchants Bancorp’s Chairman, President and Chief Executive Officer, stated, “We are very pleased with the Company’s record net income of $45.5 million, which represents an increase of $17.2 million or 60.5% over 2017.
Farmers & Merchants Bancorp (FMCB) (the Company) announced that the Board of Directors declared a year-end cash dividend of $7.00 per share of common stock for a total of $5.49 million, an increase of 3.0% over the cash dividend declared in November of 2017. The cash dividend will be paid on January 2, 2019, to shareholders of record on December 3, 2018. Cash dividend payments declared over the past year total $13.90 per share. Kent A. Steinwert, Chairman, President and Chief Executive Officer stated, “We are pleased that Farmers & Merchants Bancorp’s record third quarter and year-to-date 2018 financial performance allowed for increasing the cash dividend while still providing a level of capital retention that supports the Company’s growth plans.
For the quarter ending September 30, 2018, Farmers & Merchants Bancorp reported net income of $12.0 million, or $15.12 per share, a 39.8% increase from net income of $8.6 million earned in the third quarter of 2017. Net interest income for the quarter ending September 30, 2018 was $31.9 million, up 14.6% from the same quarter in 2017. The Company’s net interest margin on a tax equivalent basis was 4.34% in the third quarter of 2018, compared to 3.91% in the third quarter of 2017.
Farmers & Merchants (FMAO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.