Farmers & Merchants Bancorp preliminary Q3 net income jumps 30% on higher net interest income
FMAO•Farmers & Merchants Bancorp said preliminary third-quarter net income rose 30% year over year to $11.54 million, with EPS of $0.84. The company raised its regular dividend and declared a special dividend for the quarter.
1. Quarterly results
Preliminary third-quarter net income rose 30% year over year to $11.54 million, and basic EPS was $0.84. Farmers & Merchants Bancorp said expanded net interest margin contributed to profitability, while an improved efficiency ratio reflected better control of operating expenses.
2. Outlook and dividends
The company raised its regular dividend and declared a special dividend for the third quarter. It expects positive momentum to continue through the rest of 2026 and into 2027, and expects a favorable backdrop for interest income growth in coming quarters and years.
