FMAO Q1 net income up 29.7% to $7.0M, EPS $0.51; NIM expands to 3.03%

FARMERS & MERCHANTS BANCORP INC

2025-Q1 EPS reported $0.51

Net income $7.0M ($0.51 diluted EPS) vs $5.4M ($0.39) YoY, up 29.7%.
Net interest margin 3.03% (+43 bps YoY); efficiency ratio improved to 66.79% from 74.08%.
Total loans $2.58B (+1.6%), deposits $2.70B (+3.0%); nonperforming loans 0.17% of loans.
Pre-tax pre-provision income rose 49.6% to $9.3M from $6.2M.
Dividend $0.22125/share (+0.6% YoY); 30 consecutive years of dividend increases.

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