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

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) released its quarterly earnings results on Tuesday. The company reported $283.54 EPS for the quarter, Zacks reports. Farmers & Merchants Bank of Long Beach had a return on equity of 6.73% and a net margin of 19.76%.

Farmers & Merchants Bank of Long Beach Price Performance

Shares of OTCMKTS:FMBL traded up $0.01 during midday trading on Tuesday, reaching $9,699.00. The company’s stock had a trading volume of 19 shares, compared to its average volume of 107. Farmers & Merchants Bank of Long Beach has a fifty-two week low of $7,311.00 and a fifty-two week high of $9,994.98. The company has a market capitalization of $1.16 billion, a P/E ratio of 13.80 and a beta of 0.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.72. The business’s fifty day simple moving average is $9,828.79 and its 200-day simple moving average is $9,173.03.

About Farmers & Merchants Bank of Long Beach

Farmers & Merchants Bank of Long Beach is a community bank headquartered in Long Beach, California. Founded in 1907, the bank provides banking services to individuals, families, businesses and nonprofit organizations in Southern California. It operates through a network of branches and emphasizes relationship-based, local banking.

The bank offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include commercial real estate, construction, business, residential and consumer loans.