Farmers Bank reports record earnings

Published 9:39 pm Thursday, March 9, 2017

Farmers Bankshares Inc. has reported unaudited earnings of $1,158,706, or 38 cents per share, for the fourth quarter of 2016.

These results are an increase of approximately 5.62 percent from earnings during the fourth quarter of 2015.

Record earnings for the year amounted to $4,186,686 or $1.37 per share, up approximately 11 percent from 2015.

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Richard J. Holland, Jr., chairman and chief executive officer, stated, “Our board of directors and management team have remained determined and focused on our long-term objectives when making strategic decisions. Reporting record earnings for the second year in a row proves that this discipline is producing successful results.”