Farmers and Merchants Bancshares, Inc. Reports Earnings of $3.7 Million or $1.14 Per Share For the Six Months Ended June 30, 2026
Farmers and Merchants Bancshares reported a 57% increase in net income to $3.7 million for the six months ended June 30, 2026, driven by a widening net yield on interest-earning assets to 3.27% and the absence of credit loss provisions. Quarterly net income rose to $1.9 million, or $0.58 per share, from $1.2 million, or $0.38 per share, in the prior-year period, reflecting growth in net interest income and expense management.
Key figures
- Eps
- 0.58
- Revenue
- 13547000
- Eps 6m
- 1.14
- Roa 6m
- 0.87%
- Roe 6m
- 11.23%
- Net income
- 1896000
- Net income 6m
- 3721000
- Efficiency ratio
- 65.75%
- Tangible equity 6m
- 60600000
- Book value per share
- 20.72
- Net interest income 6m
- 13547000
AI analysis
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