FARMERS & MERCHANTS BANCORP INC (FMAO) Form 8-K — Oct 22, 2026
Farmers & Merchants Bancorp (Nasdaq: FMAO) reported Q3 2026 net income of $11.5 million, or $0.84 per share, up 30.3% from $8.9 million ($0.64) a year ago, marking its 94th consecutive profitable quarter. Net interest margin expanded 17 basis points to 3.57%, ROAA rose to 1.29%, and the efficiency ratio improved to 58.09% from 63.11%, with net charge-offs at 0.00% of average loans. Deposits grew 7.7% year-over-year to $2.96 billion and total loans rose 3.0% to $2.74 billion, while Tier 1 leverage strengthened to 9.14% from 8.74%.
Key figures
- Eps
- 0.84
- Revenue
- $46.99 million total interest income (Q3 2026)
- Net Income
- 11538000
- Total Assets
- 3599055000
- Cash Position
- $205.8 million total cash and cash equivalents
- Shares Outstanding
- 13762268
- Nim
- 3.57% vs 3.40%
- Roaa
- 1.29% vs 1.05%
- Ninemo eps
- $2.39 vs $1.71 (+39.8%)
- Q3 dividend
- $0.96 annualized regular (+5.5%) plus $0.01/share special
- Total deposits
- $2.96 billion (+7.7% YoY)
- Total loans net
- $2.74 billion (+3.0% YoY)
- Efficiency ratio
- 58.09% vs 63.11%
- Ninemo net income
- $32.9 million vs $23.5 million
- Nonperforming loans
- $6.2 million (0.23% of loans)
- Tier1 leverage ratio
- 9.14% vs 8.74%
- Net chargeoffs to avg loans
- 0.00%
- Tangible book value per share
- $21.62 vs $19.71
- Consecutive profitable quarters
- 94
- Consecutive annual dividend increases
- 32
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