Farmers & Merchants Bancorp (FMCB) Reports Record 4th Quarter and Full Year Earnings for 2020

Feb 04, 2021

LODI, Calif., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp (OTCQX: FMCB) today announced that the Company earned record net income of $58.7 million ($74.03 per share of common stock) for the year-ending December 31, 2020, a 4.8% increase over the prior year, resulting in a return on average assets of 1.43% and a return on average equity of 14.60%. Total deposits, loans and assets at year-end were $4.1 billion up 23.9%, $3.11 billion up 16.1% and $4.55 billion, up 22.3%, respectively, over the prior year.

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