The Board of Directors approved a quarterly cash dividend of $0.23 per share for the second quarter of 2026, representing a 4.0% year-over-year increase. The dividend is payable on July 20, 2026, to shareholders of record as of July 10, 2026. Farmers & Merchants Bancorp operates as the holding company for F&M Bank, an independent community bank providing commercial and retail banking services in Ohio, Indiana, and Michigan.