FBVA News and Press, Farmers Bankshares Inc

2023-06-30 10:30:00 ET Summary TowneBank has completed the acquisition of Farmers Bankshares. The net income in Q1 was still pretty strong thanks to an increased net interest income. The total amount of loan loss provisions spiked, but very few loans (less than 0.2% of the loa...

SUFFOLK, Va. and WINDSOR, Va., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (Nasdaq: TOWN) and Farmers Bankshares, Inc. (OTCPK: FBVA), the parent company of Farmers Bank, Windsor, Virginia, announced today that they expect to complete their merger in early January 2023 as origi...

Farmers Bankshares press release ( OTCPK:FBVA ): Q3 GAAP EPS of $0.33. Revenue of $6.63M (+2.8% Y/Y). For further details see: Farmers Bankshares GAAP EPS of $0.33, revenue of $6.63M

Summary TowneBank is a Virginia-focused bank with about $17B in assets. The loan book is heavily focused on commercial real estate, but the loan quality appears to be good. The announced acquisition of FBVA appears to be accretive thanks to a cost-cutting exercise. ...

TowneBank ( NASDAQ: TOWN ) agreed Thursday to acquire Farmers Bankshares ( OTCPK:FBVA ) of Windsor, Virginia, for about $56.0M in stock in a deal that will add to its number one market share in the Virginia-Beach-Norfolk-Newport News region and  expand its insuran...

SUFFOLK, Va. and WINDSOR, Va., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Farmers Bankshares, Inc. (OTCPK: FBVA), the parent company of Farmers Bank, Windsor, Virginia, today announced the signing of a definitive merger agreement pursuant to which Far...

Farmers Bankshares press release ( OTCPK:FBVA ): Q2 Non-GAAP EPS of $0.46. Revenue of $6.19M (-30.4% Y/Y). For further details see: Farmers Bankshares Non-GAAP EPS of $0.46, revenue of $6.19M

Farmers Bankshares, Inc. Announces Results of Annual Meeting PR Newswire WINDSOR, Va. , May 24, 2022 /PRNewswire/ -- Farmers Bankshares, Inc. (OTC-PINK: FBVA) today announced results of its annual meeting of shareholders held on May 12 , 2022.  A...

Farmers Bankshares press release (OTCPK:FBVA): Q1 GAAP EPS of $0.39. For further details see: Farmers Bankshares GAAP EPS of $0.39

Farmers Bankshares, Inc. Reports Strong Earnings in First Quarter 2022 PR Newswire WINDSOR, Va. , May 4, 2022 /PRNewswire/ -- Farmers Bankshares, Inc. (OTC-PINK: FBVA) today reported unaudited earnings of $1.2 million , or $0.39 per share, for the...