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Farmers & Merchants Bancorp posts strong Q1 2026 with 7.6% EPS growth and solid credit quality

Company Fundamentals
21 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Farmers & Merchants Bancorp reported a robust Q1 2026, showing 7.6% growth in earnings per share and a 15% increase in tangible book value. The bank's disciplined loan-to-deposit ratio of 71% and low deposit costs contributed to superior net interest margins and profitability, outperforming peers. Despite risks like a limited geographic footprint and concentration in the agricultural sector, strong operational focus and exceptional credit quality support a Buy rating. The bank's solid capital ratios and conservative lending practices position it well for continued performance.

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