Farmers & Merchants Bancorp announced on August 14, 2025, an immediate authorization to increase its existing share repurchase program by $45.0 million. This expansion brings the total authorized amount for the program to $57.6 million.
The company also extended the duration of the share repurchase program through December 31, 2027. This extension provides additional flexibility for the company to execute repurchases over a longer period, reflecting a sustained strategy for capital management.
Since January 2021, the company has repurchased 97,376 shares, representing approximately 12.3% of its outstanding shares through August 12, 2025. This continued commitment to share repurchases is supported by the company's strong financial performance and robust capital position, including a tier 1 leverage capital ratio of 11.18% at June 30, 2025.
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