Farmers & Merchants Bancorp declares $8.80 mid-year dividend, up 6% from prior year

FARMERS & MERCHANTS BANCORP

Mid-year cash dividend of $8.80 per share, a 6.0% increase over $8.30 in July 2023; payable July 1, 2024 to holders of record June 11, 2024.
Trailing twelve months net income per share through Q1 2024 was $116.37, up 10.15% from $105.65 a year earlier.
Q1 2024 net income of $22.7M ($30.56 diluted EPS), vs $23.5M in Q1 2023; annualized ROAA 1.71%, ROAE 16.33%.
Credit quality: no non-accrual loans, delinquency ratio 0.31%, allowance for credit losses $75.0M (2.02% of loans).
Repurchased and retired 5,201 shares (0.70% of outstanding) in Q1 2024; bank remains well-capitalized.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.