Earnings ·
Farmers and Merchants Bancshares reports $1.76 EPS for nine months ended September 30, 2026
FMFGFarmers & Merchants Bancshares, Inc.
Farmers and Merchants Bancshares, Inc. reported net income of $5.7 million, or $1.76 per share, for the nine months ended September 30, 2026, compared to $4.1 million, or $1.28 per share, in the same period last year. For the third quarter, net income was $2.0 million, or $0.62 per share, versus $1.7 million, or $0.53 per share, in Q3 2025. Net interest income increased by $2.9 million for the nine-month period due to a widening net yield on interest-earning assets of 3.32% compared to 2.98% in 2025. The company recorded no provision for credit losses in 2026, whereas it recorded a $595 thousand provision in 2025. Total assets decreased slightly to $865.4 million from $872.0 million at year-end 2025, while loans increased to $655.0 million. The company operates as a financial holding company for Farmers and Merchants Bank, a Maryland-chartered community bank serving Carroll and Baltimore Counties.