Farmers & Merchants Bancorp increases year-end cash dividend 6% to $8.80/share

FARMERS & MERCHANTS BANCORP

Year-end cash dividend of $8.80 per share, a 6.02% increase over prior comparable dividends.
Dividend payable on January 2, 2024 to shareholders of record as of December 6, 2023.
Trailing twelve months net income $86.9M ($114.13 EPS), up 22.4% YoY; payout ratio 15.0%.
Company repurchased and retired 17,126 shares (2.23% of outstanding) over the past year.
Record Q3 2023 net income: $22.0M for three months, $66.9M for nine months, up 12.8% and 21.5% YoY.

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