Farmers & Merchants Bancshares, Inc.

Farmers & Merchants Bancshares, Inc. and Equiniti Trust Company, LLC entered into a Second Amendment to their Rights Agreement on June 16, 2026. This amendment extends the final expiration date of the rights issued under the agreement to July 29, 2027. This action constitutes a material modification to the rights of the company's security holders.

Farmers & Merchants Bancshares, Inc. announced that its Board of Directors declared a cash dividend of $0.36 per share. This represents a 5.9% increase over the dividend paid in December. The dividend will be paid on June 18, 2026, to stockholders of record as of June 2, 2026, with an annualized payout ratio of 33%.

Farmers & Merchants Bancshares, Inc. reported a significant increase in net income for the first quarter of 2026, reaching $1.83 million, up 56.65% from $1.17 million in the prior year. This was primarily driven by a 23.24% rise in net interest income and a zero provision for credit losses. Total assets slightly decreased to $862.93 million, while total deposits also saw a minor decline to $711.30 million compared to December 31, 2025.

Farmers & Merchants Bancshares, Inc. held its annual meeting on April 28, 2026, where stockholders voted on three key proposals. Stockholders elected Robert G. Pollokoff and Teresa L. Smack as Class IV directors. Additionally, the non-binding advisory resolution approving the 2025 executive compensation was adopted, and the appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for 2026 was ratified.

Farmers & Merchants Bancshares, Inc. amended and restated its 2023 Equity Incentive Plan on April 28, 2026. The plan's primary objectives are to attract and retain key personnel, provide additional incentives to employees, directors, and consultants, and foster the company's overall success. Under the revised plan, a maximum of 230,000 shares of common stock are available for various equity awards, including Stock Awards, Restricted Stock Units, and Performance Awards.

Farmers & Merchants Bancshares, Inc. announced that it has issued a press release detailing its financial results for the three-month period ended March 31, 2026. The press release was furnished as Exhibit 99.1 to the company's Form 8-K filing on April 24, 2026. This filing serves to disclose the availability of the first quarter financial information.