Farmers & Merchants Bancorp (FMCB) Announces Record Quarterly Dividend

LODI, Calif., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), declared a quarterly cash dividend of $5.05 per share. The cash dividend is payable on January 2, 2026, to shareholders of record on December 15, 2025. The declaration of this quarterly dividend brings the total year to date cash dividends per share of common stock declared to $19.35 per share, up 6.9% compared to a total of $18.10 per share for 2024.

The Company’s last quarterly cash dividend of $5.00 was paid on October 1, 2025. Based on the Company’s financial performance through September 30, 2025, net income over the trailing twelve months was $91.6 million compared with $88.0 million for the same trailing period a year earlier. Diluted earnings per share over the trailing twelve months totaled $130.83, up 10.4% compared with $118.46 for the same trailing period a year ago and up 14.6% compared with $114.13 for the same period two years ago. As previously announced in August 2025, Farmers & Merchants Bancorp changed its dividend policy related to the frequency of cash dividend payments from semi-annually to quarterly beginning last quarter.

For the quarter ended September 30, 2025, Farmers & Merchants Bancorp reported net income of $23.7 million, or $33.92 per diluted common share, a 13.2% increase over the prior year. For the third quarter of 2025, annualized return on average assets was 1.70% and return on average equity was 15.10%. Total assets at quarter-end were $5.6 billion. The Company’s credit quality remained solid with $955,000, or 0.03%, in non-accrual loans and leases as of September 30, 2025, while maintaining an allowance for credit losses on loans and leases of $76.0 million, or 2.10% of total loans and leases. At September 30, 2025, the Company’s common equity tier 1 ratio was 14.26% and the total risk-based capital ratio was 15.74%. All F&M Bank capital ratios exceeded the regulatory requirements to be classified as “well-capitalized” at September 30, 2025. For further details on our third quarter and year-to-date results, please see our press release dated October 16, 2025.