Quarterly ResultApr 22, 2026, 04:33 PM
F&M Bancorp Q1 Net Income Jumps 37.8% to Record $9.6M
AI Summary
Farmers & Merchants Bancorp reported record first-quarter 2026 financial results, with net income surging 37.8% to $9.6 million, or $0.70 per diluted share. This strong performance was driven by a 39-basis point expansion in net interest margin to 3.42% and robust noninterest income. The company also saw significant balance sheet growth, with total deposits increasing 4.1% to $2.81 billion and total loans growing 3.9% to $2.68 billion, while maintaining excellent credit quality.
Key Highlights
- Net income increased 37.8% to a record $9.6 million.
- Diluted EPS rose to $0.70 from $0.51 year-over-year.
- Net interest margin expanded by 39 basis points to 3.42%.
- Total deposits grew 4.1% to $2.81 billion.
- Total loans increased 3.9% to $2.68 billion.