Farmers & Merchants Bancorp $(FMCB)$ reported record net income for the second quarter of 2025, amounting to $23.1 million, reflecting a 5.9% increase from the $21.8 million recorded in the same period of 2024. The company's diluted earnings per share for the quarter rose to $32.94, an increase of 12.1% compared to the second quarter of 2024. Net interest income for the quarter reached $53.9 million, up from $50.8 million in the same period the previous year. Farmers & Merchants Bancorp achieved a return on average assets of 1.65% and a return on average equity of 15.09% for the second quarter of 2025. Additionally, the company's tangible book value per share increased by 9.7% to $835.33 compared to June 30, 2024. The company maintained strong credit quality with an allowance for credit losses on loans and leases of 2.09% and a net charge-off ratio of 0.02% for the quarter, with no non-accrual loans or leases at quarter-end. Total deposits increased by $61.2 million, or 1.3%, to $4.8 billion as of June 30, 2025, compared to December 31, 2024. The company emphasized its strong liquidity position and balance sheet, with $291.8 million in cash and $1.3 billion in investment securities. Farmers & Merchants Bancorp remains well-capitalized with no borrowings and significant access to borrowing capacity.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Farmers & Merchants Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-026105), on July 17, 2025, and is solely responsible for the information contained therein.
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