Ohio's Farmers & Merchants Bancorp Q4 net income rises

Farmers & Merchants Bancorp

12/02/2026 21:38

Overview

Ohio-based community bank's Q4 net income rose 16.8% yr/yr to a record $9.8 mln

Net interest margin for Q4 increased by 62 basis points to 3.46%

Dividend per share increased 4% to $0.92 annualized, marking 31st consecutive annual increase

Outlook

Company expects to sustain elevated profitability levels throughout 2026

Farmers & Merchants Bancorp developing new three-year strategic plan for growth

Company plans expansion within Ohio, Indiana, and Michigan in line with strategic priorities

Result Drivers

NET INTEREST INCOME - Increase driven by improved net interest margin and lower cost of interest-bearing liabilities

MARKET EXPANSION - Growth supported by strategic investments in market presence and leadership enhancements

LOAN PORTFOLIO - Emphasis on maintaining a diverse loan portfolio with a focus on commercial real estate loans

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.71
Q4 Net Income
$9.79 mln
Q4 Pretax Profit
Beat
$12.83 mln
$11.43 mln (2 Analysts)
Q4 Basic EPS
$0.71
Q4 Loan Loss Provision
$567,000


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Farmers & Merchants Bancorp Inc is $27.50, about 0.9% below its February 11 closing price of $27.75

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX4CmmPv

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)