Quarterly ResultJul 20, 2026, 04:37 PM
Farmers & Merchants Bancorp Reports Record Q2 Net Income $24.7M, EPS $36.39
AI Summary
Farmers & Merchants Bancorp reported record financial results for the second quarter of 2026, with net income increasing 7.3% to $24.7 million and diluted earnings per common share rising 10.47% to $36.39. The company achieved strong growth in both loans and deposits, which increased by 2.2% and 7.0% respectively, while maintaining resilient credit quality and strengthening its capital position. Net interest income also saw a healthy increase of 6.46% to $57.4 million, contributing to an annualized return on average assets of 1.71% and return on average equity of 14.84%.
Key Highlights
- Net income for Q2 2026 was $24.7 million, up 7.3% from Q2 2025.
- Diluted EPS for Q2 2026 was $36.39, an increase of 10.47% year-over-year.
- Net interest income for Q2 2026 reached $57.4 million, up 6.46% from Q2 2025.
- Total loans and leases grew 2.2% to $3.70 billion as of June 30, 2026.
- Total deposits increased 7.0% to $5.09 billion as of June 30, 2026.
- Tangible book value per common share rose 15.38% to $963.82.
- Return on average assets was 1.71% and return on average equity was 14.84% for Q2 2026.
- Total risk-based capital ratio strengthened to 16.04% at quarter-end.
Price Impact
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