Farmers & Merchants reports record Q3 net income $25.1M, EPS $36.75; tangible book $932.14
Farmers & Merchants reported Q3 2026 net income of $25.1M, up 5.8% YoY, with EPS at $36.75. Nine-month net income was $73.9M, and tangible book value per share rose to $932.14. The company's capital and liquidity positions remained strong, with total risk-based capital at 16.39% and $172.0M in cash. Loans and deposits grew by 3.77% and 1.71% YoY, respectively, and credit quality metrics were stable.

