FMAO
Farmers & Merchants Bancorp, Inc.27.38
-0.32-1.16%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
376.47MP/E (TTM)
11.75Basic EPS (TTM)
2.33Dividend Yield
0.03%Recent Filings
8-K
Q3 earnings surge 35.9%
Farmers & Merchants Bancorp reported third-quarter net income of $8.9 million, up 35.9% year-over-year to $0.64 per share, fueled by a net interest margin expansion to 3.40%. Loans grew 4.9% to $2.66 billion while deposits rose 2.5% to $2.75 billion; asset quality held firm with nonperforming loans at 0.19%. The bank opened a second Michigan office and hiked its dividend 2.8%. Expansion bolsters regional presence, yet CRE exposure warrants monitoring.
8-K
Q2 2025 earnings highlight growth
Farmers & Merchants Bancorp reported solid Q2 2025 results, with net loans up 2.6% year-over-year to $2.63 billion, fueled by commercial real estate, industrial, and agricultural growth, while deposits climbed 2.6% to $2.71 billion. Net interest income after provision for credit losses surged 20.4% to $25.0 million, underscoring the bank's strategic push into digital tools and new markets. Growth stays controlled. Robust capital at 12.87% total risk-based ratio bolsters resilience amid rate shifts.
10-Q
Q2 FY2025 results
Farmers & Merchants Bancorp posted solid Q2 FY2025 results, with net interest income climbing 20.3% year-over-year to $25.7M on a 38 basis point expansion in net interest margin to 3.22%—driven by higher loan yields and lower deposit costs amid Fed rate cuts—while total loans grew 2.5% to $2.6B since year-end. Earnings per share rose 33% to $0.56, reconciling neatly with 13.7M diluted shares, though provision for credit losses edged up to $661K on slightly higher nonaccruals. Deposits expanded 0.9% to $2.7B, bolstering liquidity with $88M in cash equivalents and $188M in FHLB advances; free cash flow stood at $10.0M after $2.1M capex. No new M&A, but past deals like the 2022 Peoples acquisition continue yielding synergies. Yet trade tariffs loom as a risk to ag and manufacturing borrowers.
8-K
Q2 net income surges 35.7%
Farmers & Merchants Bancorp reported Q2 2025 net income of $7.7 million, up 35.7% year-over-year, fueled by an expanding net interest margin of 3.22%—its fourth straight quarterly gain. Loans climbed 2.6% to $2.63 billion while deposits rose similarly to $2.71 billion, underscoring steady growth amid disciplined pricing. Asset quality stays rock-solid, with nonperforming loans at just 0.14%. Management eyes continued margin expansion and loan growth through 2025.
8-K
Alomari joins F&M boards
Farmers & Merchants Bancorp appointed Ahmed Alomari to its and subsidiary bank's boards on June 24, 2025, effective July 29. The tech expert, with a track record in Oracle systems and enterprise architecture from founding Cybernoor and leading at Buchanan Technologies, will earn a $50,000 cash retainer plus $17,500 in stock. This bolsters digital capabilities amid banking's tech push. Expertise adds value.
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