2023-07-19 10:52:53 ET
- Farmers & Merchants Bank of Long Beach press release ( OTCQX:FMBL ): Q2 GAAP EPS of $143.69.
- Revenue of $69.46M (-16.2% Y/Y).
- Net interest income for the 2023 second quarter was $65.1 million versus $78.1 million for the second quarter of 2022.
- For the three months ended June 30, 2023, total interest and dividend income rose to $102.3 million from $81.2 million in the second quarter of 2022.
- At June 30, 2023, gross loans amounted to $6.82 billion, approximately equal to that at December 31, 2022, of $6.77 billion.
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The Bank’s deposits were $8.89 billion at the end of the 2023 second quarter, compared with $9.14 billion at December 31, 2022.
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Non-interest-bearing deposits represented 34.7% of total deposits at June 30, 2023, versus 36.7% of total deposits at December 31, 2022.
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Total assets increased to $12.27 billion at the close of the 2023 second quarter from $12.05 billion at December 31, 2022.
For further details see:
Farmers & Merchants Bank of Long Beach GAAP EPS of $143.69, revenue of $69.46M