Farmers Bankshares reports earnings
Farmers Bankshares Inc., the holding company for Windsor-based Farmers Bank, has reported unaudited earnings of $1,046,411, or 34 cents per share for the second quarter of 2016.
These results are an increase of approximately 16 percent from the 30 cents per share earned during the second quarter of 2015. Net income through the first six months of the year amounted to $1,990,091 or $0.65 per share, up 16 percent from the first six months of 2015.
“We continue to realize the benefits from strategic decisions made over the last year,” said Richard J. Holland Jr., chairman and chief executive officer. “The first half of 2016 has been rewarding for our shareholders. The increase in our dividend from the first to second quarter reiterates our commitment to our shareholders and echoes that we are focused on long term performance.”
The common stock of Farmers Bankshares, Inc. trades on the NASDAQ market as an Over-the-Counter Bulletin Board stock under the symbol FBVA. Any stockbroker can assist with purchase of the company’s stock, as well as with sales of holdings.