Farmers & Merchants Bancorp, Inc. reported a record quarterly net income of $11.8 million for the second quarter of 2026, a 53 percent increase from the same period last year. Earnings per basic and diluted share reached $0.86, compared to $0.56 a year earlier, while the return on average assets improved to 1.34 percent. Net interest margin expanded by 26 basis points to 3.48 percent, and the cost of interest-bearing liabilities declined to 2.56 percent from 2.83 percent. Total deposits grew 5.9 percent year-over-year to $2.87 billion, and net loans increased 3 percent to $2.70 billion, with nonperforming loans at 0.27 percent of total loans. The company declared a second-quarter dividend of $0.23 per share, contributing to a 4 percent increase in the annualized dividend to $0.92 per share.
Farmers & Merchants Bancorp IncRecord quarterly net income, higher EPS, improved margins, and increased dividend.
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