Farmers & Merchants Bancorp reported its actual financial results for the quarter ended March 31, 2025, with a net income of $23.0 million, or $32.86 per diluted common share, showing an increase from $22.7 million, or $30.56 per diluted common share, in the same quarter of 2024. The company achieved an annualized return on average assets of 1.70% and a return on average equity of 15.65%. Total assets reached $5.7 billion at the end of the quarter. The company maintained solid credit quality, with only $193,000 in non-accrual loans and leases and a delinquency ratio of 0.01%. The allowance for credit losses stood at $75.4 million, representing 2.10% of total loans and leases. Farmers & Merchants Bancorp's common equity tier 1 ratio was 13.75%, and its total risk-based capital ratio was 15.23%, both exceeding regulatory requirements for being classified as "well-capitalized." In addition, the Board of Directors declared a mid-year cash dividend of $9.30 per share, a 5.7% increase over the $8.80 per share paid in July 2024, payable on July 1, 2025, to shareholders of record as of June 10, 2025. Over the trailing twelve months, the company reported a net income of $88.7 million, compared to $87.5 million for the same period the previous year, with diluted earnings per share increasing by 5.97% to $123.32 from $116.37. This marks the 60th consecutive year of increasing dividends, underscoring the company's commitment to returning value to its shareholders.