Farmers and Merchants Bank of Long Beach (FMBL) Q2 2025 earnings summary

Executive summary

• Net income for Q2 2025 rose to $13.9M ($112.71/diluted share), up from $13.5M ($107.86/diluted share) year-over-year.

• Management highlights strong capital ratios, stable loan demand, and a conservative loan portfolio.

• Deposit base remains solid, with noninterest-bearing deposits increasing as a share of total deposits.

Financial highlights

• Net interest income before provision for credit losses increased to $66.9M from $57.1M year-over-year.

• Net interest margin improved to 2.42% from 1.92% year-over-year.

• Total non-interest income fell to $4.5M from $10.6M year-over-year.

• Non-interest expense was $49.4M, nearly flat year-over-year.

• Provision for credit losses was $3.3M, compared to a $1.0M recapture in Q2 2024.

Outlook and guidance

• Management expresses confidence in reaching the next growth plateau, citing experienced leadership and prudent lending.

• Focus remains on supporting local growth while preserving financial health.