Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Announces Quarterly Earnings Results

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) issued its quarterly earnings data on Thursday. The company reported $115.17 earnings per share for the quarter, reports. The business had revenue of $64.89 million for the quarter. Farmers & Merchants Bank of Long Beach had a return on equity of 4.21% and a net margin of 12.34%.

Farmers & Merchants Bank of Long Beach Stock Performance

OTCMKTS FMBL opened at $5,435.00 on Friday. The company’s fifty day moving average is $5,172.83 and its two-hundred day moving average is $4,898.47. The firm has a market capitalization of $657.64 million, a price-to-earnings ratio of 11.19 and a beta of 0.42. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.80 and a quick ratio of 0.80. Farmers & Merchants Bank of Long Beach has a 52-week low of $4,172.00 and a 52-week high of $5,500.00.

Farmers & Merchants Bank of Long Beach Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $28.00 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $112.00 annualized dividend and a dividend yield of 2.06%. Farmers & Merchants Bank of Long Beach’s payout ratio is 23.07%.

Farmers & Merchants Bank of Long Beach Company Profile

Farmers & Merchants Bank of Long Beach provides various banking products and services to individuals, professionals, and small to medium-sized businesses in Los Angeles, Orange, and Santa Barbara Counties. It offers checking, savings, Christmas club savings, health savings, market rate savings, and money market accounts; demand and time deposits; certificates of deposit; and individual retirement account.