Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Announces Quarterly Earnings Results

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) released its quarterly earnings results on Tuesday. The company reported $283.54 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $93.96 million during the quarter. Farmers & Merchants Bank of Long Beach had a return on equity of 7.57% and a net margin of 8.09%.

Farmers & Merchants Bank of Long Beach Stock Down 0.0%

OTCMKTS FMBL opened at $9,749.90 on Thursday. The stock’s 50-day moving average price is $9,826.79 and its 200-day moving average price is $9,193.67. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. Farmers & Merchants Bank of Long Beach has a 52 week low of $7,681.00 and a 52 week high of $9,994.98. The company has a market capitalization of $1.17 billion, a P/E ratio of 11.62 and a beta of 0.24.

About Farmers & Merchants Bank of Long Beach

Farmers & Merchants Bank of Long Beach is an independent community bank headquartered in Long Beach, California. Founded in 1907, the bank provides banking services to individuals, families, businesses, and nonprofit organizations throughout Southern California.

The bank offers a range of personal and business products, including checking and savings accounts, certificates of deposit, consumer loans, commercial lending, real estate financing, and cash-management services. It also provides online and mobile banking, treasury-management tools, and other services designed to support local businesses and households.

Farmers & Merchants Bank operates a branch network serving communities in Los Angeles and Orange counties, with a focus on relationship-based banking and locally oriented lending.