Farmers & Merchants Bancorp Q3 profit jumps 36% on higher loans, interest margins

Reuters10-27

Farmers & <a href="https://laohu8.com/S/MBIEV">Merchants Bancorp</a> Q3 profit jumps 36% on higher loans, interest margins

Overview

Farmers & Merchants Q3 net income rises 35.9% to $8.9 mln
Pretax profit for Q3 beats analyst estimates
Company opened new office in Troy, Michigan, expanding its footprint

Outlook

Company did not provide specific financial guidance for future quarters or full year

Result Drivers

NET INTEREST MARGIN - Increased by 69 basis points to 3.40%, contributing to higher net income
LOAN GROWTH - Total loans, net increased by $123.0 mln, driven by commercial and agricultural sectors
DEPOSIT GROWTH - Total deposits rose by $67.1 mln, supported by relationship-based banking solutions

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 EPS		$0.64
Q3 Net Income		$8.85 mln
Q3 Pretax Profit	Beat	$11.23 mln	$10.30 mln (3 Analysts)
Q3 Basic EPS		$0.64
Q3 Loan Loss Provision		$557,000

Press Release: ID:nGNX6jwqb9

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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<a href=\"https://laohu8.com/S/MBIEV\">Merchants Bancorp</a> Q3 profit jumps 36% on higher loans, interest margins</title></head><body><p><span>Overview</span></p><ul><li><p>Farmers &amp; Merchants Q3 net income rises 35.9% to $8.9 mln</p></li><li><p>Pretax profit for Q3 beats analyst estimates</p></li><li><p>Company opened new office in Troy, Michigan, expanding its footprint</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company did not provide specific financial guidance for future quarters or full year</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>NET INTEREST MARGIN - Increased by 69 basis points to 3.40%, contributing to higher net income</p></li><li><p>LOAN GROWTH - Total loans, net increased by $123.0 mln, driven by commercial and agricultural sectors</p></li><li><p>DEPOSIT GROWTH - Total deposits rose by $67.1 mln, supported by relationship-based banking solutions</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 EPS</p></td><td></td><td><p>$0.64</p></td><td></td></tr><tr><td><p>Q3 Net Income</p></td><td></td><td><p>$8.85 mln</p></td><td></td></tr><tr><td><p>Q3 Pretax Profit</p></td><td><p>Beat</p></td><td><p>$11.23 mln</p></td><td><p>$10.30 mln (3 Analysts)</p></td></tr><tr><td><p>Q3 Basic EPS</p></td><td></td><td><p>$0.64</p></td><td></td></tr><tr><td><p>Q3 Loan Loss Provision</p></td><td></td><td><p>$557,000</p></td><td></td></tr></tbody></table><p>Press Release: <span>ID:nGNX6jwqb9</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FMAO","symbol_name":"Farmers & Merchants Bancorp, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251027:nL1N3W80I9:1","article_id":"2578481641","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2578481641","pubTimestamp":1761570775,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Farmers & Merchants Bancorp Q3 profitjumps 36% on higher loans, interest marginsOverviewFarmers & Merchants Q3 net income rises 35.9% to $8.9 mlnPretax profit for Q3 beats analyst estimatesCompany ope","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FMAO":"Farmers & Merchants Bancorp, Inc.","BK4211":"区域性银行"},"translate_title":"由于贷款和息差增加，Farmers&Merchants Bancorp第三季度利润增长36%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FMAO":0.9},"content_text":"Farmers & Merchants Bancorp Q3 profit jumps 36% on higher loans, interest marginsOverviewFarmers & Merchants Q3 net income rises 35.9% to $8.9 mlnPretax profit for Q3 beats analyst estimatesCompany opened new office in Troy, Michigan, expanding its footprintOutlookCompany did not provide specific financial guidance for future quarters or full yearResult DriversNET INTEREST MARGIN - Increased by 69 basis points to 3.40%, contributing to higher net incomeLOAN GROWTH - Total loans, net increased by $123.0 mln, driven by commercial and agricultural sectorsDEPOSIT GROWTH - Total deposits rose by $67.1 mln, supported by relationship-based banking solutionsKey DetailsMetricBeat/MissActualConsensus EstimateQ3 EPS$0.64Q3 Net Income$8.85 mlnQ3 Pretax ProfitBeat$11.23 mln$10.30 mln (3 Analysts)Q3 Basic EPS$0.64Q3 Loan Loss Provision$557,000Press Release: ID:nGNX6jwqb9For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. 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