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Farmers & Merchants Bancorp, Inc. Reports 2026 First-Quarter Financial Results

Farmers & Merchants Bancorp, Inc. (FMAO) 
NASDAQ:AMEX Investor Relations: farmers.com
Company Research Source: GlobeNewswire
ARCHBOLD, Ohio, April 22, 2026 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2026 first quarter ended March 31, 2026, on a consolidated basis. 2026 First-Quarter Financial and Operating Highlights(at March 31, 2026, and on a year-over-year basis unless noted) 92 consecutive quarters of profitabilityNet income increased 37.8% to a first quarter record of $9.6 million, or $0.70 per basic and diluted shareStrong profitability drives ROAA to 1.14%, compared to 0.85%Net charge-offs to average loans of 0.01%Tier 1 leverage ratio was 9.02%Cost of interest-bearing liabilities improved to 2.54%, from 2.76%Net interest margin increased by 39 basis points to 3.42%Efficiency ratio improved to 60.08%, compared to 66.79%First quarter dividend per share increased 4.0% to $0.92 annualized Lars B. Eller, President and Chief Executive Officer, stated, “We are off to an outstanding start in 2026, delivering 37.8% year-over-year earning Show less Read more
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