Farmers & Merchants Bancorp Q2 net income rises 53% to record $11.8 million
Farmers & Merchants Bancorp reported second-quarter 2026 net income of $11.8 million, or $0.86 per share, up from $7.7 million, or $0.56 per share, a year earlier. The company said the second quarter was its most profitable quarter in its 129-year history, driven by a higher net interest margin and lower funding costs. For shareholders, the results show higher earnings per share and a 4.0% increase in the annualized dividend to $0.92 per share.
Key points
- Q2 2026 net income $11.8 million ($0.86 per share) versus $7.7 million ($0.56 per share) in Q2 2025
- Net interest margin rose 26 basis points to 3.48%; cost of interest-bearing liabilities fell to 2.56% from 2.83%
- Total deposits of $2.87 billion at June 30, 2026, up 5.9%, or $159.1 million, from a year earlier
- Annualized second-quarter dividend increased 4.0% to $0.92 per share
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.