Quarterly ResultMay 8, 2026, 04:38 PM
FARMERS & MERCHANTS BANCORP Q1 Net Income +4.6% to $24.07M; EPS +9.2%
AI Summary
FARMERS & MERCHANTS BANCORP reported a positive first quarter for 2026, with net income increasing by 4.6% to $24.07 million and basic earnings per share rising 9.2% to $35.91. The company also saw a 7.1% increase in net interest income. Total assets and deposits grew by 2.6% and 2.8% respectively, while loans and leases held for investment experienced a slight decrease.
Key Highlights
- Net income increased 4.6% to $24.07 million for Q1 2026.
- Basic earnings per common share rose 9.2% to $35.91.
- Net interest income grew 7.1% to $56.90 million.
- Total assets increased 2.6% to $5.84 billion as of March 31, 2026.
- Total deposits increased 2.8% to $5.12 billion as of March 31, 2026.
- Loans and leases held for investment, net, decreased 0.9% to $3.54 billion.
- Other comprehensive loss, net of tax, was $(6.85) million.
- Cash dividends declared totaled $3.70 million.
Price Impact
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