Farmers & Merchants Bancorp Posts Record Q1 Net Income of $24.1M, EPS Up 7.6%
FMCB sits 24% above its 52-week low of $976.
Summary
Farmers & Merchants Bancorp reported record net income of $24.1 million for the first quarter of 2026, with diluted earnings per common share increasing 7.6% year-over-year to $35.34. This strong performance builds on the positive financial results reported for 2025 in the recent 10-K, indicating sustained operational strength. Key highlights include a 15.01% increase in tangible book value per common share to $928.99, a return on average assets of 1.68%, and a return on average equity of 14.69%. The company also demonstrated robust liquidity and capital positions, with total assets growing 2.6% and deposits up 2.8% from the prior quarter-end. These results reinforce the company's financial health and could support its stock, which is currently trading near its 52-week high. Traders will monitor future trends in net interest income, deposit growth, and credit quality.
At the time of this announcement, FMCB was trading at $1,211.11 on OTC in the Finance sector, with a market capitalization of approximately $839.4M. The 52-week trading range was $976.00 to $1,211.11. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.