Farmers & Merchants Bancorp filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, reporting nine-month net income of $73,885 thousand and a quarter marked by a significant unrealized loss on available-for-sale securities.

Key Highlights

  • Nine-month net income: The company reported net income of $73,885 thousand for the nine months ended September 30, 2026, compared to $69,782 thousand for the same period in 2025.
  • Third-quarter net income: Net income for the three months ended September 30, 2026 was $25,082 thousand, up from $23,718 thousand in the prior-year quarter.
  • Diluted earnings per share: Diluted EPS was $36.75 for the third quarter and $108.03 for the nine-month period, according to the filing.
  • Total assets: Total assets were $5,699,055 thousand as of September 30, 2026, compared to $5,690,110 thousand at December 31, 2025.
  • Comprehensive loss: Other comprehensive loss, net of tax, was $33,035 thousand for the third quarter, driven by $46,912 thousand in unrealized losses on available-for-sale securities before tax, resulting in total comprehensive loss of $7,953 thousand for the quarter.
  • Provision for credit losses: The company recorded a provision for credit losses of $1,500 thousand in the third quarter and $2,500 thousand for the nine months ended September 30, 2026.
  • Shares outstanding: As of October 31, 2026, the registrant had 697,388 shares of common stock outstanding.

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

According to the filing, Farmers & Merchants Bancorp, headquartered in Lodi, California and classified as an accelerated filer, reported total interest income of $217,819 thousand for the nine months ended September 30, 2026, compared to $207,791 thousand for the same period in 2025. Total interest expense for the nine-month period was $45,242 thousand, yielding net interest income of $172,577 thousand, up from $162,426 thousand a year earlier. For the third quarter alone, net interest income was $58,324 thousand versus $55,417 thousand in the prior-year quarter.

The filing disclosed that total non-interest income was $16,446 thousand for the nine months ended September 30, 2026, compared to $17,407 thousand for the same period in 2025. Total non-interest expense rose to $93,152 thousand from $81,108 thousand year over year for the nine-month period, with salaries and employee benefits increasing to $65,451 thousand from $54,488 thousand. Income tax expense for the nine months was $19,486 thousand, compared to $26,543 thousand in the prior year period. Income before income taxes for the nine months ended September 30, 2026 was $93,371 thousand.

On the balance sheet, loans and leases held for investment net of unearned income were $3,744,343 thousand at September 30, 2026, up from $3,648,945 thousand at December 31, 2025. Total deposits were $4,970,017 thousand at September 30, 2026, compared to $4,977,826 thousand at year-end 2025. Total shareholders' equity was $663,103 thousand, with accumulated other comprehensive loss of $44,503 thousand at September 30, 2026. The company's securities listed on the cover page show no exchange-registered class, with the registrant noting "None" and "Not Applicable" for trading symbol and exchange.

What Was Disclosed

Farmers & Merchants Bancorp disclosed its unaudited consolidated financial results for the quarter and nine months ended September 30, 2026, including income statements, balance sheet data, and equity changes, in a Form 10-Q filed November 6, 2026.