Farmers & Merchants Bank of Long BeachPrivate▲ Positive
Capitalrelevance
Net income and revenue both rose sharply in Q2, indicating strong financial performance.
Farmers & Merchants Bank of Long Beach reported a significant increase in second-quarter earnings. Net income rose to $35.54 million, or $256.32 per share, compared with $13.88 million, or $112.71 per share, in the same period last year. Revenue for the quarter climbed 19.7% to $80.09 million from $66.92 million a year ago.
Net income and revenue both rose sharply in Q2, indicating strong financial performance.