Farmers & Merchants Bancorp 10-Q: $32.1M operating income, EPS $0.70
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Farmers & Merchants Bancorp reported a strong quarterly performance with operating income of $32.1 million and net income of $9.578 million, translating to earnings per share of $0.70. Key drivers included a rise in net interest income to $27.1 million, supported by a 39-basis-point increase in net interest margin to 3.42%. Noninterest income also grew to $5.0 million. The company highlighted revenue growth, improved margins, and operational efficiencies as significant contributors to its financial success.
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