Earnings ·
Farmers & Merchants Bancorp reported record second quarter 2026 net income of $24.7 million, a 7.3% increase over the…
FMCBFarmers & Merchants Bancorp
Farmers & Merchants Bancorp reported record second quarter 2026 net income of $24.7 million, a 7.3% increase over the second quarter of 2025. Diluted earnings per common share were $36.39, up 10.47% year-over-year. The company achieved an annualized return on average assets of 1.71% and return on average equity of 14.84%. Tangible book value per common share rose 15.38% to $963.82. Total loans and leases grew 2.2% to $3.70 billion, while deposits increased 7.0% to $5.09 billion. The total risk-based capital ratio strengthened to 16.04%. The company operates in the banking industry, providing loan, deposit, and treasury management products through Farmers & Merchants Bank of Central California.