Farmers & Merchants Bancorp IncRaises quarterly dividend by 4.7% to $5.60, reflecting confidence in earnings.

Farmers & Merchants Bancorp, parent of Farmers & Merchants Bank of Central California, has raised its quarterly cash dividend to $5.60 per share, a 4.7% increase from the prior $5.35, payable on October 1, 2026 to shareholders of record on September 11, 2026. The increase reflects the board's confidence in the bank's earnings power, supported by higher net interest income and net income in the first half of 2026. The move tilts the risk-reward slightly toward income-focused holders, though rising payouts could limit flexibility if credit costs increase. The stock has risen strongly over the past year, and the bank continues to combine a low-teens price-to-earnings ratio with high profit margins and ongoing buybacks.
Farmers & Merchants Bancorp IncRaises quarterly dividend by 4.7% to $5.60, reflecting confidence in earnings.
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