Farmers & Merchants Bancorp reported net income of $23.1 million for the quarter ended June 30, 2025, translating to $32.94 per diluted common share. The company's total assets stood at $5.5 billion at the end of the quarter. The annualized return on average assets was reported at 1.65%, while the return on average equity was 15.09%. The company maintained a strong credit quality with no non-accrual loans and leases and an allowance for credit losses on loans and leases amounting to $76.2 million, or 2.09% of total loans and leases. The common equity tier 1 ratio was 13.88% and the total risk-based capital ratio was 15.36%, exceeding the requirements to be classified as "well-capitalized." In a significant business update, Farmers & Merchants Bancorp announced a change in its dividend policy, moving from semi-annual to quarterly cash dividend payments. This adjustment aligns more closely with industry practices and aims to provide shareholders with a more frequent return. The board approved the first quarterly cash dividend, marking the 90th consecutive year of cash dividends and the 60th consecutive year of increasing them. Farmers & Merchants Bancorp is ranked 17th among the 55 publicly traded companies recognized as "Dividend Kings" by Sure Dividend.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Farmers & Merchants Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-030707), on August 13, 2025, and is solely responsible for the information contained therein.
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