Record Q3 Profit of $25.1M as EPS Climbs 8% and Margin Widens
FMAO sits 53% above its 52-week low of $22.91.
Summary
Farmers & Merchants Bancorp posted record Q3 2026 net income of $25.1M, up 5.75% year-over-year, with diluted EPS of $36.75, up 8.34%. Net interest income rose to $58.3M from $55.4M, and the nine-month net interest margin widened to 4.23% from 4.14%, continuing the margin-driven earnings trend from the record $11.8M Q2 reported in July. The efficiency ratio deteriorated to 55.49% from 46.48% as costs climbed, and a one-time $5.0M tax benefit flattered the bottom line — strip that out and core earnings are meaningfully lower than the headline. ROAA of 1.75% and ROAE of 14.74% show solid underlying profitability, and the stock sits near its 52-week high of $36.12 ahead of this print.
At the time of this announcement, FMAO was trading at $35.04 on NASDAQ in the Finance sector, with a market capitalization of approximately $482.6M. The 52-week trading range was $22.91 to $36.12. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.