Farmers & Merchants Bancorp increases share repurchase program by $45 million and extends to 2027

FARMERS & MERCHANTS BANCORP

Board authorized $45.0 million increase to repurchase program, total now $57.6 million.
Program extended through December 31, 2027, from prior expiration.
Since January 2021, company repurchased 97,376 shares (approx. 12.3% of outstanding).
Tier 1 leverage capital ratio was 11.18% and CET1 was 13.88% as of June 30, 2025, maintaining 'well capitalized' status.

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