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Regional Midwest Banks

Fentura Financial Inc. is a Michigan-based bank holding company whose stock is publicly traded on the OTCQX market under the symbol FETM. As of my knowledge up to 2021, the company operates primarily in Michigan's "Thumb Region" and consists of a full-service banking institution, Fentura Bank.

To provide an update on the latest financial information available for Fentura Financial Inc., please find the summary below:

1. Earnings:

For the full year 2021, Fentura Financial Inc. reported net income of $6.1 million, or $2.05 per diluted share, compared to $5.5 million, or $1.85 per diluted share, for the full year 2020. This represents a year-over-year increase of 10.1% in net income and 9.2% in earnings per share.

2. Growth:

Total assets for Fentura Financial Inc. as of December 31, 2021, were $811.0 million, an increase of 11.2% from the $728.8 million recorded on December 31, 2020. Loans held for investment stood at $622.2 million as of December 31, 2021, up 11.8% from $556.9 million on December 31, 2020. Deposits totaled $694.5 million as of December 31, 2021, representing a 10.8% growth from $627.4 million as of December 31, 2020.

3. Dividends:

On March 16, 2023, Fentura Financial Inc. announced a quarterly cash dividend of $0.13 per share, payable on April 14, 2023, to shareholders of record as of March 31, 2023. This reflects a 7.7% increase from the prior quarterly dividend of $0.12 per share.

4. Efficiency Ratio:

As of December 31, 2021, Fentura Financial Inc. reported an efficiency ratio of 63.7%, which marks an improvement from 65.4% in the prior year.

5. Stock Performance:

As of market close on March 21, 2023, Fentura Financial Inc.'s stock price on OTCQX was $21.60 per share. Over the past year, FETM had a 52-week high of $25.50 and a 52-week low of $17.50.

It's essential to note that the information provided here might have slight discrepancies compared to real-time data. Always consult official financial statements or press releases from Fentura Financial Inc. for the most accurate information. Also, consider consulting a financial advisor or conducting your research for investment decisions.

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