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FMAO News
FMAO Events
F&M Reports Q2 Tangible Book Value Per Share of $21.41
Reports Q2 tangible book value per share $21.41. Lars Eller, President and Chief Executive Officer, stated, "I am proud to report the second quarter of 2026 was the most profitable quarter in our 129-year history. Our record performance builds upon the strong start we established in the first quarter and demonstrates the meaningful operating leverage across our business. With growing earnings momentum, a solid balance sheet and continued investments in our people, technology, and markets, we believe F&M is well positioned to deliver sustained profitable growth and long-term value for our shareholders."
F&M Bank Appoints New Executive Leadership Team
F&M Bank announced several executive leadership appointments. F&M has promoted Eric Faust to executive VP and COO. Faust joined F&M in 2022 as chief risk officer and has led the bank's enterprise risk management, compliance, internal audit, and Bank Secrecy Act functions. F&M also announced the appointment of Melody Charlton as chief legal and compliance officer. F&M also announced that Benet Rupp will continue serving as executive VP and chief people officer, following an interim leadership period.
Farmers and Merchants Declares Cash Dividend of 36 Cents per Share
The board of directors of Farmers and Merchants declared a cash dividend on the common stock of 36c per share, which will be paid on June 18 to stockholders of record on June 2. The 36c dividend represents a 5.9% increase over the dividend paid in December and an annualized payout ratio of 33%.
Company Reports 37.8% Year-over-Year Earnings Growth in Q1 2026
Net charge-offs to average loans of 0.01%. Tier 1 leverage ratio was 9.02%. Cost of interest-bearing liabilities improved to 2.54%, from 2.76%. Net interest margin increased by 39 basis points to 3.42%. Efficiency ratio improved to 60.08%, compared to 66.79%. Lars B. Eller, President and CEO, stated, "We are off to an outstanding start in 2026, delivering 37.8% year-over-year earnings growth driven by a 39-basis point expansion in net interest margin, strong levels of noninterest income, and solid balance sheet management. Our ability to generate this level of growth in profitability while maintaining excellent credit quality and disciplined expense management underscores the strength of our core franchise. We are seeing meaningful operating leverage across the business, and believe this momentum positions us well for continued earnings expansion and long-term shareholder value creation."
Farmers & Merchants Bancorp Approves Quarterly Cash Dividend of $0.23
The Board of Directors of Farmers & Merchants Bancorp announced that it has approved the company's quarterly cash dividend of $23c per share, a 4.0% year-over-year increase. The first-quarter dividend is payable on April 20 to shareholders of record as of April 3.
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