FARMERS & MERCHANTS BANCORP (FMCB) Form 8-K — Oct 20, 2026
Farmers & Merchants Bancorp (OTCQX: FMCB) reported record third quarter 2026 net income of $25.1 million, up 5.75% from $23.7 million a year ago, with diluted EPS of $36.75 up 8.34% year-over-year. Net interest income rose 5.25% to $58.3 million with the net interest margin expanding to 4.24% from 4.16%, and loans grew $136.0 million year-over-year to $3.74 billion against $5.0 billion in deposits. Capital ratios strengthened, with a preliminary total risk-based capital ratio of 16.39% and CET1 of 14.91%, both well above 'well-capitalized' thresholds.
Key figures
- Eps
- 36.75
- Revenue
- 73631000
- Net Income
- 25082000
- Total Debt
- 10310000
- Total Assets
- 5699055000
- Cash Position
- 171970000
- Loan Growth Yo Y
- $136.0 million (+3.77%)
- Total Deposits
- 4970017000
- Dividends Paid Q3
- 3600000
- Net Charge Offs Q3
- $1.4 million (0.04% of average loans)
- Non Accrual Loans
- 4600000
- Deposit Growth Yo Y
- $85.0 million (+1.74%)
- Efficiency Ratio Q3
- 55.49%
- Loan To Deposit Ratio
- 75.70%
- Tier1 Leverage Ratio
- 12.05%
- Gross Loans And Leases
- 3762520000
- Net Interest Income Q3
- 58324000
- Net Interest Margin Q3
- 4.24%
- Share Repurchases YTD
- 4,954 shares for $7.0 million
- Diluted Eps Nine Months
- 108.03
- Return On Average Assets
- 1.75%
- Return On Average Equity
- 14.74%
- Common Equity Tier1 Ratio
- 14.91%
- Tangible Book Value Growth
- 6.27%
- Tangible Book Value Per Share
- 932.14
- Tangible Common Equity Ratio
- 11.45%
- Efficiency Ratio Q3 Prior Year
- 46.48%
- Total Risk Based Capital Ratio
- 16.39%
- Net Interest Income Nine Months
- 172577000
- Trailing Twelve Month Basic Eps
- 144.68
- Trailing Twelve Month Net Income
- 97700000
- Allowance For Credit Losses Ratio
- 2.06%
- Remaining Repurchase Authorization
- $23.4 million
AI analysis
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