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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Farmers & Merchants Bancorp
Farmers & Merchants Bancorp (FMAO) investor relations material
Farmers & Merchants Bancorp Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary22 Oct, 2026
Executive summary
Q3 net income rose 30.3% YoY to $11.5M, or $0.84 per diluted share; nine-month net income increased 40.0% to $32.9M, or $2.39 per diluted share.
NIM improved to 3.57% in Q3 and 3.50% for nine months, from 3.40% and 3.22%; assets grew 6.1% YoY.
Recorded 94 consecutive profitable quarters; priorities included margin expansion, expense control, balance-sheet growth and preserving asset quality.
Financial highlights
Q3 net interest income before provision was $29.9M, up from $26.9M YoY; nine-month NII was $86.3M versus $76.5M.
Nine-month interest income increased $7.0M and interest expense fell $2.8M; net interest income after provision rose $10.3M to $85.3M.
Nine-month noninterest income rose 22.8% to $15.3M, led by BOLI income and loan-sale gains; Q3 noninterest income was $4.9M versus $4.4M.
Nine-month noninterest expense increased 2.6% to $59.3M; Q3 expense was $20.2M versus $19.7M.
Outlook and guidance
Loan repricing opportunities extend through 2028; gradual NIM improvement and interest-income growth are expected, subject to interest rates and funding costs.
Disciplined deposit pricing, balance-sheet repositioning and new loans are expected to support NIM and profitability; management cited positive momentum through 2026 and into 2027.
A healthy lending pipeline and selective underwriting support profitable growth across Ohio, Indiana and Michigan; planned securities purchases aim to bolster liquidity and gap management.
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Latest events from Farmers & Merchants Bancorp
- Net income up 45.8% to $21.4M, record quarterly results, and strong asset growth.FMAO
Q2 2026 - Record 2025 results, board approvals, and a new strategic plan set the stage for future growth.FMAOAGM 2026
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- Virtual annual meeting to vote on directors, executive pay, and auditor, with strong governance focus.FMAOProxy filing
- Record earnings, asset growth, and improved margins highlight strong 2025 performance.FMAOQ4 2025
- Shareholders to vote on directors, incentive plan, share increase, pay, and auditor at virtual meeting.FMAOProxy Filing
- 2025 equity plan offers 2M shares, full vesting on change in control, and robust governance.FMAOProxy Filing
- Annual meeting to vote on directors, incentive plan, share increase, pay, and auditor.FMAOProxy Filing
- Balanced growth, top asset quality, and digital innovation drive profitability and expansion.FMAOSmall-Cap Virtual Conference
Next Farmers & Merchants Bancorp earnings date
Q4 202612 Feb, 2027
Farmers & Merchants Bancorp
Next Farmers & Merchants Bancorp earnings date
Q4 202612 Feb, 2027
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Frequently asked questions
Farmers & Merchants Bancorp, Inc. operates as the holding company for Farmers & Merchants State Bank, a community bank that offers a range of commercial and retail banking services. The bank primarily serves individuals and small businesses in Northwest Ohio, Northeast Indiana, and parts of Michigan. Its services include checking and savings accounts, certificates of deposit, and custodial services for retirement and health savings accounts. The company also provides various lending options, including commercial, agricultural, residential mortgage, consumer, and home improvement loans. Additionally, Farmers & Merchants Bancorp offers online and mobile banking, along with other digital financial services like remote deposit capture. The company is headquartered in Archbold, Ohio, and its shares are listed on the NASDAQ.