Farmers & Merchants Bancorp FY26 Q1 net income jumps 37.8% to $9.6 million; NIM widens to 3.42%

• Farmers & Merchants Bancorp posted Q1 2026 net income up 37.8% to $9.6 million, with EPS of $0.70.
• Net interest margin widened 39 basis points to 3.42%, driven by a lower cost of interest-bearing liabilities of 2.54%.
• Total deposits rose 4.1% to $2.81 billion, while loans increased 3.9% to $2.68 billion.
• Credit quality remained solid with net charge-offs at 0.01% of average loans, while nonperforming loans held at 0.42% of total loans.
• Management cited early progress on a new three-year growth plan, pointing to about $60 million in approved loans in the pipeline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Farmers & Merchants Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604221630PRIMZONEFULLFEED9695092) on April 22, 2026, and is solely responsible for the information contained therein.