Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 27, 2026, reporting third-quarter net income of $11,538 thousand and nine-month net income of $32,913 thousand.

Key Highlights

  • Q3 net income: $11,538 thousand, up from $8,854 thousand in the same quarter of 2025, according to the filing.
  • Nine-month net income: $32,913 thousand for the nine months ended September 30, 2026, compared with $23,516 thousand for the same period of 2025.
  • Diluted earnings per share: $0.84 for Q3 2026 and $2.39 for the nine months ended September 30, 2026, as reported in the filing.
  • Total assets: $3,599,055 thousand as of September 30, 2026, compared with $3,434,382 thousand at December 31, 2025.
  • Total deposits: $2,962,492 thousand at September 30, 2026, up from $2,730,735 thousand at December 31, 2025.
  • Net interest income before provision: $29,940 thousand for Q3 2026, compared with $26,901 thousand for Q3 2025.
  • Shares outstanding: 13,762,268 as of September 30, 2026, with 13,760,896 shares outstanding as of October 23, 2026, per the filing.

Farmers & Merchants Bancorp Financial Results for the Three and Nine Months Ended September 30, 2026

According to the filing, Farmers & Merchants Bancorp reported total interest income of $46,992 thousand for the three months ended September 30, 2026, compared with $44,484 thousand for the same period in 2025. Total interest expense was $17,052 thousand for Q3 2026, down from $17,583 thousand in Q3 2025, resulting in net interest income before provision for credit losses of $29,940 thousand. For the nine months ended September 30, 2026, net interest income before provision was $86,302 thousand, versus $76,521 thousand for the comparable prior-year period.

The filing disclosed that total noninterest income for Q3 2026 was $4,867 thousand, up from $4,357 thousand in Q3 2025. For the nine-month period, noninterest income was $15,299 thousand compared with $12,454 thousand. Total noninterest expense for Q3 2026 was $20,218 thousand versus $19,739 thousand in Q3 2025. Salaries and wages represented the largest component of noninterest expense at $8,594 thousand for the quarter. Income before income taxes for Q3 2026 was $14,214 thousand, and income taxes were $2,676 thousand.

On the balance sheet, the company disclosed loans net of allowance for credit losses of $2,709,358 thousand at September 30, 2026, compared with $2,685,990 thousand at December 31, 2025. The allowance for credit losses on loans stood at $27,802 thousand. Total stockholders' equity was $386,927 thousand at September 30, 2026, up from $370,862 thousand at year-end 2025. Accumulated other comprehensive loss widened to $(18,629) thousand from $(11,888) thousand, reflecting an other comprehensive loss of $(6,741) thousand net of tax for the nine-month period, driven by net unrealized losses on available-for-sale securities.

What Was Disclosed

Farmers & Merchants Bancorp filed its unaudited quarterly report for the period ended September 30, 2026, disclosing condensed consolidated balance sheets, income statements, comprehensive income statements, changes in stockholders' equity, and cash flows, along with related notes and management discussion.