FMCB: net income $24.7M. FMCB liquidates deferred comp liability, shifts to quarterly dividends

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

• high

  Deferred compensation plans (ERP and SMRP) fully liquidated on December 10, 2025, reducing combined liability to $2.4M and eliminating 66,649 treasury shares held in Rabbi Trusts.

  Notes: Executive Retirement Plan liquidation verify on EDGAR →
• medium

  Dividend policy changed from semi-annual to quarterly payments in August 2025; Q2 2026 dividend of $5.35/share paid July 1, 2026 (vs. $9.30 semi-annual in prior year).

  MD&A: Dividend policy change verify on EDGAR →
• medium

  Board authorized $45M increase to share repurchase program in August 2025, extending it through December 31, 2027; $30M remains authorized despite minimal H1 2026 activity ($279K in H1 2025).

  MD&A: Share repurchase program expansion verify on EDGAR →