Farmers and Merchants Bank Q1 net income rises 30% on margin expansion

Farmers & Merchants Bank of Long Beach

20/04/2026 13:09

Overview

U.S. commercial bank's Q1 net income and EPS rose yr/yr

Net interest income and net interest margin improved, aided by stable credit quality

Company repurchased shares under $10 mln stock buyback plan announced in Oct 2025

Outlook

Company cites a supportive interest rate environment and stable credit quality for current conditions

Company expects to benefit from macroeconomic tailwinds and improved fundamentals over the long-term

Result Drivers

NET INTEREST MARGIN - Co said improved net interest margin was driven by a more favorable and stable interest rate environment

CREDIT QUALITY - Credit quality remained stable, supported by prudent, conservative underwriting standards, per management

EFFICIENCY INITIATIVES - Ongoing cost discipline and technology enhancements contributed to performance, according to Executive Chairman

Company press release: ID:nBw3GsdHNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Diluted EPS
$157.45
Q1 Net Income
$21.88 mln
Q1 Basic EPS
$159
Q1 Pretax Profit
$28.87 mln
Q1 Provision for Credit Losses
$600,000


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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.)