Farmers & Merchants Bancorp Q3 net income rises 6% year over year to $25.1 million
FMCB•Farmers & Merchants Bancorp reported third-quarter 2026 net income of $25.1 million, up 6% year over year, and net interest income of $58.3 million, up 5%.
1. Quarterly results
Third-quarter net income rose 6% year over year to $25.1 million, while net interest income increased 5% to $58.3 million. Non-interest expense climbed 24% to $35.83 million, primarily due to higher salaries, employee benefits, consulting and professional fees. Income tax expense fell 76% to $2.16 million, primarily because of a $5 million benefit from reversing previously nondeductible items.
