2024-07-08 17:55:44 ET
Summary
- Farmers & Merchants Bancorp reported resilient Q1 2024 financial performance, showcasing strong cost control and credit quality.
- FMCB's net interest margin declined due to higher cost of deposits, but its profitability and capital ratios remain strong.
- With an attractive valuation and superior dividend history, FMCB is a quality play in the regional banking sector for long-term investors.
Farmers & Merchants Bancorp ( OTCQX:FMCB ) has reported a resilient operating performance in the last quarter, supporting its investment case as a quality play in the regional banking sector....
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Farmers & Merchants Bancorp: A Quality Play At A Reasonable Valuation