Farmers & Merchants reports Q4 EPS 61c, consensus 48c

Reports Q4 tangible book value per share $17.74. Reports Q4 CET1 capital ratio 8.12%. Reports Q4 net charge-offs 0%. Lars Eller, president and CEO, stated, “Our strong 2024 financial performance reflects solid execution of our multi-year strategic plan, as we have remained focused on continual improvements, managing the items under our control, and providing our customers and communities with outstanding, and local financial services. Thanks to the unwavering dedication of our team and the trust of our customers, F&M’s financial and operating results strengthened throughout 2024. This performance creates a solid foundation and further solidifies F&M’s position as a leading community bank in the Ohio, Indiana and Michigan markets we serve.”