Farmers & Merchants Bancorp reported net income of $23.7 million for the third quarter of 2025, an increase of $1.6 million or 7.22% compared to $22.1 million in the third quarter of 2024. Net interest income for the quarter was $55.4 million, up from $52.0 million in the same period last year. For the nine months ended September 30, 2025, net income was $69.8 million and net interest income totaled $162.4 million, compared to $154.5 million for the same period in 2024. The net interest margin for the nine-month period increased to 4.14% from 4.04% in the previous year. Return on average assets for the quarter was 1.70% and return on average equity was 15.10%. As of September 30, 2025, tangible book value per share was $877.13, up from $799.04 as of September 30, 2024. The company reported $172.6 million in cash and $1.6 billion in investment securities at quarter-end. The allowance for credit losses on loans and leases was 2.10%, with a net charge-off ratio of 0.03% and a non-accrual loan and leases ratio of 0.03%.
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: 0001140361-25-038264), on October 16, 2025, and is solely responsible for the information contained therein.
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