Farmers and Merchants Bancshares, Inc. Reports Earnings of $5.7 Million or $1.76 Per Share For the Nine Months Ended September 30, 2026
Farmers and Merchants Bancshares reported nine-month 2026 net income of $5.7 million, or $1.76 per share, up 41.2% from $4.1 million ($1.28) a year earlier. Q3 net income was $2.0 million ($0.62/share) vs $1.7 million ($0.53), with ROE improving to 12.48% from 11.23% and net yield on earning assets widening to 3.32% from 2.98%. No provision for credit losses was recorded for the nine months.
Key figures
- Eps
- 1.76
- Revenue
- 33736000
- Revenue Yoy
- 8.3%
- Q3 eps
- 0.62
- Gross loans
- 659631000
- Total assets
- 865401000
- Q3 net income
- 2025000
- Net income yoy
- 41.2%
- Total deposits
- 715998000
- Roa nine months
- 0.88%
- Roe nine months
- 11.58%
- Tangible equity
- 60600000
- Afse unrealized loss
- $15.0 million
- Book value per share
- 20.7
- Nonperforming assets
- 3224000
- Net income nine months
- 5746000
- Net yield on earning assets
- 3.32%
- Provision for credit losses nine months
- 0
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