Farmers & Merchants Bancorp (FMCB) Reports Record Third Quarter 2024 Earnings
The Bancorp(TBBK) GlobeNewswire News Room·2024-10-17 04:30
Third Quarter 2024 Highlights Record net income of $22.1 million, or $29.96 per share; up 2.50% on a per share basis from third quarter 2023; Achieved a return on average assets of 1.65% and a return on average equity of 15.03%; Solid liquidity position with $1.5 billion in cash and investment securities and a borrowing capacity of $2.1 billion with no outstanding borrowings as of September 30, 2024; Continued growth in capital with a total risk-based capital ratio of 14.95%, common equity tier 1 ratio of 1 ...