FMCB
Farmers & Merchants Bancorp · Financial Services
Farmers & Merchants Bancorp · Financial Services
Farmers & Merchants Bancorp operates as the bank holding company for Farmers & Merchants Bank of Central California that provides various banking services to businesses and individuals. The company accepts various deposit instruments, including checking, savings, money market, time certificates of deposit, and individual retirement accounts. It also offers range of lending products comprising commercial, commercial and residential real estate, real estate construction, agribusiness, and consumer loans, as well as equipment leases and credit card services; commercial products, including term loans, lines of credit and other working capital financing, and letters of credit; and financing products, such as automobile financing, home improvement, and home equity lines of credit. In addition, the company provides various specialized services consisting of credit card programs for merchants, lockbox and other collection services, account reconciliation, investment sweep, online account access, and electronic funds transfers through domestic and international wire and automated clearinghouse; and online banking services. Further, it offers investment products, such as mutual funds and annuities. The company serves its customers through 29 full-service branches and 3 stand-alone automated teller machines in the mid Central Valley of California, including Sacramento, San Joaquin, Solano, Stanislaus, and Merced counties, as well as the east region of the San Francisco Bay Area comprising Napa, Alameda, and Contra Costa counties. Farmers & Merchants Bancorp was founded in 1916 and is headquartered in Lodi, California.
Financial Services
Banks - Regional
373
1999-08-20
0.04
Bennett Thomas A
officer: Executive Vice President
70 SH @ $1139.23
2026-03-13
SANGUINETTI KEVIN
director
136 SH @ $0.00
2026-02-17
STEINWERT KENT A
director, officer: President/CEO
2,344 SH @ $1160.00
2026-02-04
Olson Bart R
officer: Executive Vice President
448 SH @ $1160.00
2026-02-04
Bennett Thomas A
officer: Executive Vice President
95 SH @ $1160.00
2026-02-04
Misasi J. Ryan
officer: Executive Vice President
464 SH @ $1160.00
2026-02-04
Zitterow David
officer: Executive Vice President
162 SH @ $1160.00
2026-02-04
Weubbe John W
officer: Executive Vice President
144 SH @ $1160.00
2026-02-04

ACNB (NASDAQ: ACNB - Get Free Report) and Farmers and Merchants Bancorp (OTCMKTS:FMCB - Get Free Report) are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their profitability, risk, dividends, valuation, analyst recommendations, earnings and institutional ownership. Valuation and Earnings This table compares

Farmers & Merchants Bancorp delivered record net income in Q4 and FY 2025, with EPS up 10.7% to $133.96. FMCB boasts a robust balance sheet: 1.67% ROA, 15.11% ROE, 4.15% NIM, and a conservative 74% loan-to-deposit ratio. Despite thin trading and OTC listing, FMCB remains a Dividend King with 61 consecutive years of increases and a 1.7% yield.

LODI, Calif., Feb. 12, 2026 (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 $5.10 per share, up from $5.05 for the previous quarter which was paid on January 2, 2026. The cash dividend is payable on April 1, 2026, to shareholders of record on March 11, 2026. The cash dividends for 2025 totaled $19.35 per share, up 6.9% compared to the total of $18.10 per share for 2024.

Full Year 2025 Highlights Record annual net income of $93.6 million, an increase of $5.1 million compared to 2024; basic earnings per common share of $134.96, up 11.52% from the prior year; and diluted earnings per common share of $133.96, up 10.69% from the prior year; Record fourth quarter net income of $23.8 million, up 9.05% from $21.8 million in the fourth quarter of 2024; basic earnings per common share of $34.79, up 11.83% from the fourth quarter 2024; and diluted earnings per common share of $34.29, up 10.22% from the fourth quarter 2024; Achieved return on average assets of 1.67% and return on average equity of 15.11%; Tangible book value per share of $907.24, up from $800.52 or 13.33%, year-over-year; Net interest margin (tax equivalent basis) of 4.15%, up from 4.05% in 2024; loan yield of 6.06%, down from 6.08% in 2024; and cost of average total deposits of 1.22%, down from 1.35% in 2024; Effectively managed operating expenses with an efficiency ratio of 45.52%, down from 46.24% in 2024; Total assets at year-end grew to $5.7 billion from $5.4 billion, or 5.96%, year-over-year; Total deposits at year-end grew to $5.0 billion; up $278.7 million, or 5.93%, year-over-year; Loans and leases held for investment at year-end were $3.7 billion; down slightly, or 0.62%, year-over-year; Total investment securities at year-end grew to $1.7 billion from $1.2 billion, or 35.3%, year-over-year; Strong liquidity position as of December 31, 2025, with $1.8 billion in cash and investment securities, of which $951.2 million were available-for-sale securities; and a borrowing capacity of $2.1 billion with no outstanding borrowings; Strong capital position as of December 31, 2025, with a total risk-based capital ratio of 15.29%, common equity tier 1 ratio of 13.81%, tier 1 leverage ratio of 11.00% and a tangible common equity ratio of 11.15%; all increases from the prior year-end; Credit quality remained resilient with an allowance for credit losses on loans and leases at year-end of 2.08%; a net charge-off ratio of 0.05% at year-end; and a non-accrual loan and lease ratio of 0.02% at year-end. LODI, Calif.

Dividend Kings underperformed SPY in 2025, averaging 4.91% total return versus SPY's 17.72%, though 14 Kings outperformed the index. 2026 began strongly for Dividend Kings, up 4.66% through January 23rd, outpacing SPY's 1.07% gain. Nineteen Dividend Kings appear both potentially undervalued and offer long-term annualized expected returns of at least 10%.

Farmers and Merchants Bancorp (OTCMKTS:FMCB - Get Free Report) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $1,090.31 and traded as high as $1,130.00. Farmers and Merchants Bancorp shares last traded at $1,115.00, with a volume of 16 shares. Farmers and Merchants