Quarterly ResultApr 20, 2026, 04:51 PM
FMCB Reports Record Q1 2026; Diluted EPS Up 7.6% to $35.34
AI Summary
Farmers & Merchants Bancorp reported a record first quarter for 2026, with net income reaching $24.1 million and diluted earnings per common share increasing 7.6% year-over-year to $35.34. The company also saw a significant 15.01% increase in tangible book value per common share to $928.99. Net interest income grew by 7.08% to $56.9 million, and total assets expanded by 2.6% to $5.84 billion, demonstrating strong financial performance and growth.
Key Highlights
- Net income reached $24.1 million for Q1 2026.
- Diluted EPS was $35.34, up 7.6% year-over-year.
- Tangible book value per common share increased 15.01% to $928.99.
- Net interest income rose 7.08% to $56.9 million.
- Total assets grew 2.6% to $5.84 billion, and deposits grew 2.8% to $5.12 billion.