Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) reported financial results for the three and nine months ended September 30, 2026, in a press release dated October 22, 2026. The company reported net income of $11.5 million for the third quarter of 2026, an increase of 30.3% compared to $8.9 million in the same period last year. Earnings per share were $0.84 for the quarter, up from $0.64 in the prior year.
For the nine months ended September 30, 2026, net income totaled $32.9 million, representing a 39.8% increase from $23.5 million in the first nine months of 2025. Earnings per share for the nine-month period were $2.39, compared to $1.71 in the prior year.
The company reported a return on average assets (ROAA) of 1.29% for the third quarter, up from 1.05% in the previous year. Net interest margin increased by 17 basis points to 3.57% for the quarter. Total deposits increased by 7.7% to $2.96 billion as of September 30, 2026, compared to $2.75 billion a year earlier. Total loans, net, increased 3.0% to $2.74 billion.
Nonperforming loans were $6.2 million, or 0.23% of total loans, as of September 30, 2026. The company’s total allowance for credit losses to total loans was 1.08% at the end of the third quarter.
In terms of capital and shareholder returns, the company declared a regular dividend of $0.96 per share, which represents a 5.5% increase. Additionally, the company declared a special dividend of $0.01 per share, bringing the total dividend payment for the third quarter to $0.250 per share. The company noted that it has increased its annual cash dividend for 32 consecutive years.
