Farmers & Merchants

Q3 FY2026 EarningsFMAO Q3 FY26 delivered a strong beat across both top and bottom lines, with Diluted EPS of $0.84 vs. $0.80 expected and Net Income of $11.5M exceeding the $11.1M consensus. Key drivers included robust Net Interest Margin (NIM) expansion to 3.57% (up 17bps YoY) and an improved Efficiency Ratio of 58.09%. Asset quality remains stellar with 0.00% net charge-offs, while a special dividend further highlights management's confidence in sustained AI-infrastructure-adjacent lending growth.