Farmers & Merchants Bancorp Q1 net income rises 7.6% to $24.1 million

• Farmers & Merchants Bancorp posted record net income of $24.1 million for quarter ended March 31, 2026, up 7.6% year over year, with diluted earnings per share of $35.34.
• Trailing-12-month net income rose to $94.7 million from year-earlier period, while diluted EPS climbed 10.7% to $136.49.
• Annualized return on average assets was 1.68% for first quarter, with return on average equity of 14.69%.
• Quarterly cash dividend increased 4.9% to $5.35 per share, payable July 1, 2026, with total trailing-12-month dividends of $20.50.
• Total assets were $5.8 billion at quarter-end, with allowance for credit losses at 2.12% of loans and leases and delinquency ratio at 0.01%.

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