Earnings ·
Farmers and Merchants Bancshares, Inc. reported net income of $3.7 million, or $1.14 per common share, for the six…
FMFGFarmers & Merchants Bancshares, Inc.
Farmers and Merchants Bancshares, Inc. reported net income of $3.7 million, or $1.14 per common share, for the six months ended June 30, 2026, a significant increase from $2.4 million, or $0.74 per share, during the same period in 2025. For the three months ended June 30, 2026, net income was $1.9 million, or $0.58 per share. The company's annualized return on average equity for the six-month period rose to 11.23% from 8.18% in 2025. Net interest income for the first half of 2026 increased due to a widening net yield on interest-earning assets of 3.27%. Total assets reached $874.2 million as of June 30, 2026. The company is a financial holding company that operates a community bank.