Farmers & Merchants Bancorp

Farmers & Merchants Bancorp (FMCB) Reports Record Quarterly Results

Farmers & Merchants Bancorp reported record Q3 2026 net income of $25.1 million, up 5.75% YoY, with diluted EPS of $36.75, up 8.34%. Net interest margin expanded to 4.24% from 4.16%, loans grew $136.0 million YoY to $3.74 billion, and deposits rose $85.0 million to $5.0 billion; all capital ratios strengthened and remain well above well-capitalized thresholds. Offsetting the record results, the efficiency ratio jumped to 55.49% from 46.48% on higher salaries, consulting and professional fees, and shareholders' equity fell $15.9 million from June 30 as rising rates drove a $33.0 million increase in unrealized securities losses. The company repurchased 4,714 shares for $6.7 million in the quarter with $23.4 million remaining under its program, and remains a Dividend King with 61 consecutive years of dividend increases.

•5d ago

Farmers & Merchants Bancorp (FMCB) Announces Increase in Quarterly Dividend

Farmers & Merchants Bancorp declared a quarterly cash dividend of $5.60 per share, a 4.7% increase from the prior $5.35, payable October 1 to shareholders of record September 11. The increase is backed by record Q2 net income of $24.7 million, or $36.39 per diluted share, with trailing twelve-month diluted EPS rising 10.3% to $139.94. Management noted the 61st consecutive year of dividend increases, maintaining 'Dividend King' status with a conservative 15.4% payout ratio and solid credit quality metrics.

•2mo ago

FMCB: 10-Q · periodic report

Farmers & Merchants Bancorp reported Q2 2026 net income of $24.7 million, up 7.3% from $23.1 million a year earlier, with diluted EPS climbing 10.4% to $36.39 from $32.94, helped by a shrinking share count. First-half net income reached $48.8 million versus $46.1 million in the prior-year period. Net interest income grew to $57.4 million in the quarter from $53.9 million as tax-equivalent net interest margin expanded to 4.20% from 4.07%, while the provision for credit losses fell to $0.5 million from $1.4 million. Total assets stood at $5.84 billion with deposits of $5.09 billion and net loans of $3.63 billion at June 30, 2026. The company remains well-capitalized with a 14.56% CET1 ratio, declared a quarterly dividend of $5.35 per share, and retains $30.0 million of buyback capacity. Management cites $3.3 billion of total available liquidity, including $278.6 million in cash and $2.1 billion in undrawn borrowing lines, against $2.6 billion of estimated uninsured deposits.

SEC 10-Q•2mo ago

FMCB: 8-K · other

Farmers & Merchants Bancorp filed a Form 8-K to disclose an investor presentation providing a mid-year update on its financial position and operations. The presentation highlights the Company's status as a top-performing bank with assets of $5.8 billion and a strong return on equity of 14.75% as of June 30, 2026. Management emphasizes a disciplined credit culture with net charge-offs of only 0.003% year-to-date and a robust loan-to-deposit ratio of 73.07%. The Company also detailed its shareholder return track record, noting 91 years of consecutive dividends and an 8.13% reduction in outstanding shares since 2019 through buybacks. Future growth plans include expanding into new locations such as Lafayette, Walnut Creek, and Elk Grove, with openings scheduled between 2026 and 2028. The presentation reinforces the bank's conservative risk management and its positioning as a premier agricultural lender in the Central Valley.

SEC 8-K•3mo ago

Farmers & Merchants Bancorp (FMCB) Reports Record Quarterly Results

Farmers & Merchants Bancorp reported record second quarter net income of $24.7 million, or $36.39 per diluted share, an increase of 10.47% compared to the prior year. Net interest margin expanded to 4.20% on a 6.46% increase in net interest income to $57.4 million, driven by higher investment yields and lower deposit costs. The balance sheet remained robust with tangible book value per share growing 15.38% to $963.82, while credit quality metrics showed resilience with negligible delinquencies.

•3mo ago

FMCB: 8-K · dividend

On May 11, 2026, Farmers & Merchants Bancorp (FMCB) announced a quarterly cash dividend of $5.35 per share, representing a 4.9% increase from the previous quarter's dividend of $5.10. This marks the 61st consecutive year of dividend increases, solidifying the company's status as a Dividend King. Over the trailing twelve months, the total cash dividend declared was $20.50, up from $18.60 a year earlier. The company's net income over the trailing twelve months was $94.7 million, a 10.7% increase from $88.7 million in the same period last year. For the quarter ended March 31, 2026, Farmers & Merchants Bancorp reported record net income of $24.1 million, or $35.34 per diluted common share, a 7.6% increase over the prior year. The company's total assets at quarter-end were $5.8 billion, and its credit quality remained strong with an allowance for credit losses of 2.12% and a delinquency ratio of 0.01%. The company's regulatory capital ratios continued to strengthen, with a common equity tier 1 ratio of 14.23% and a total risk-based capital ratio of 15.71% as of March 31, 2026.

SEC 8-K•5mo ago