Farmers & Merchants Bancorp Raises Quarterly Dividend 4% to $0.23
Farmers & Merchants Bancorp Inc (NASDAQ: FMAO), an Ohio-based bank holding company, declared a quarterly cash dividend of $0.23 per share for the quarter ended March 31, 2026. The dividend marks the company's 31st consecutive year of annual increases.
Farmers & Merchants Bancorp Inc (NASDAQ: FMAO), a financial holding company and parent of The Farmers & Merchants State Bank, declared a quarterly cash dividend of $0.23 per share for the quarter ended March 31, 2026. The dividend represents a 4.0% increase from the $0.2212 per share paid in the same period last year. Read more dividend announcements.
The dividend extends the company's streak to 31 consecutive years of annual dividend increases, underscoring its commitment to returning capital to shareholders. Farmers & Merchants operates community banking locations across Ohio, Indiana, and Michigan, providing commercial banking, retail banking, and other financial services since 1897.
| Dividend Details | Information |
|---|---|
| Amount | $0.23 per share |
| Type | Quarterly Cash Dividend |
| Increase | 4.0% vs. prior year |
| Record Date | Not specified |
| Ex-Dividend Date | Not specified |
| Payment Date | Not specified |
Financial Position
Total stockholders' equity increased 9.1% to $375.9 million at March 31, 2026, from $344.6 million at March 31, 2025. On a per share basis, stockholders' equity rose to $27.30 from $25.12 in the year-ago period.
The company's Tier 1 leverage ratio improved to 9.02% at March 31, 2026, compared to 8.44% a year earlier. Tangible stockholders' equity climbed to $285.9 million from $252.9 million, while tangible book value per share increased to $20.76 from $18.44.
The company's allowance for credit losses to total loans stood at 1.08% at March 31, 2026, compared to 1.07% at March 31, 2025. Farmers & Merchants operates locations across 10 counties in Ohio, six counties in Northeast Indiana, and Oakland County in Michigan, with loan production offices in Muncie, Indiana, Perrysburg, and Bryan, Ohio.