Farmers & Merchants Bancorp FY26 Q2 net income rises 7.27% to $24.73 million
Reuters2026/08/07 10:20- Farmers & Merchants Bancorp posted net income of $24.73 million for Q2 2026, up 7.27% from a year earlier.
- Net interest income rose 6.46% to $57.35 million as net interest margin widened 13 basis points to 4.20%.
- Provision for credit losses narrowed to $500,000 from $1.4 million; net charge-offs fell to $165,000 from $544,000.
- Non-interest expense increased 5.59% to $28.14 million on higher professional services and salaries; non-interest income slipped 8.75% to $5.04 million.
- Balance sheet expanded to $5.84 billion at June 30, 2026; deposits climbed 2.31% to $5.09 billion while the loan-to-deposit ratio eased to 73.07%.
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