Farmers & Merchants Bancorp Posts Record Q2 2026 Earnings, EPS Climbs 10.5%
FMCB sits 37% above its 52-week low of $985.25.
Summary
Farmers & Merchants Bancorp posted record Q2 2026 net income of $24.7M, with diluted EPS of $36.39, up 10.5% YoY. Tangible book value per share rose 15.4% to $963.82, and deposits grew 7% to $5.1B.
Key Events · Earnings and Guidance · FMCB
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Record Q2 Net Income
Net income reached $24.7 million, a $1.7 million or 7.3% increase from Q2 2025, pushing diluted EPS to $36.39—a 10.47% gain.
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Net Interest Margin Expansion
Net interest income rose 6.46% to $57.4 million, while the tax-equivalent net interest margin widened to 4.20% from 4.07% a year ago.
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Tangible Book Value Growth
Tangible book value per share jumped 15.38% to $963.82, reflecting strong capital generation.
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Deposit and Loan Growth
Total deposits grew $332.6 million, or 7.0%, to $5.09 billion; total loans and leases increased $80.2 million, or 2.2%, to $3.70 billion.
Analysis · FMCB · Finance
A record quarterly net income of $24.7 million—up 7.3% from the prior year—was driven by an expanding net interest margin and robust deposit growth. Tangible book value per share surged 15.4% to $963.82, underscoring strong capital accumulation. The results reinforce the bank's consistent performance trajectory, with trailing twelve-month diluted EPS reaching $139.94, a 10.3% year-over-year increase. Credit quality remains pristine, with negligible charge-offs and a low non-accrual loan balance. Trading near its 52-week high, the stock's premium valuation is validated by these numbers.
At the time of this filing, FMCB was trading at $1,345.00 on OTC in the Finance sector, with a market capitalization of approximately $931.1M. The 52-week trading range was $985.25 to $1,402.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.