earnings
confidence high
sentiment positive
materiality 0.75
Farmers and Merchants Bancshares reports Q1 2026 EPS $0.56, net income up 57% YoY
Farmers & Merchants Bancshares, Inc.
- Net income $1.8M ($0.56/share) for Q1 2026, up 57% from $1.2M ($0.37) in Q1 2025.
- Net interest income $6.8M, up 23% YoY due to higher yields and higher average earning assets.
- No provision for credit losses; zero non-accrual loans at March 31, 2026.
- Total assets $863.4M; deposits decreased $9.2M to $711.3M due to repayment of brokered CDs.
- Book value per share $20.43, tangible equity $59.1M; CEO expresses confidence for 2026.