Farmers & Merchants Bancorp reports record Q2 net income of $24.7M, EPS up 10.5% YoY

FARMERS & MERCHANTS BANCORP

Net income $24.7M, up 7.3% YoY; diluted EPS $36.39, up 10.47% from $32.94 in Q2 2025.
Net interest income $57.4M, up 6.46% YoY; net interest margin (tax-equivalent) 4.20%, up from 4.07%.
Total loans $3.70B (+2.2% YoY), deposits $5.09B (+7.0% YoY); loan-to-deposit ratio 73.1%.
Credit quality resilient: net charge-offs $165K (0.005% of avg loans), allowance 2.08% of gross loans.
Capital ratios strengthened: total risk-based capital 16.04%, common equity tier 1 14.56%, tier 1 leverage 11.68%.

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