Farmers & Merchants Bancorp (FMCB) Reports Second Quarter 2024 Earnings
The Bancorp(TBBK) GlobeNewswire News Room·2024-07-18 05:00
Second Quarter 2024 Highlights Net income of $21.8 million, or $29.39 per share; up 4.85% on a per share basis from the second quarter of 2023;Achieved a return on average assets of 1.58% and a return on average equity of 15.33%;Solid liquidity position with $296.0 million in cash, $1.0 billion in investment securities and a borrowing capacity of $2.1 billion with no outstanding borrowings as of June 30, 2024;Continued growth in capital with a total risk-based capital ratio of 14.58%, common equity tier 1 r ...