Farmers and Merchants Bank of Long Beach (FMBL) Q2 2026 earnings summary

Executive summary

• Achieved strong financial performance in Q2 2026, with continued positive operating trends and robust capital ratios far exceeding regulatory requirements.

• Focused on disciplined credit quality, prudent loan growth, and maintaining a stable deposit base amid a steady interest rate environment.

Financial highlights

• Q2 2026 net income rose to $35.5 million ($256.32/diluted share) from $13.9 million ($112.71/diluted share) in Q2 2025.

• Net interest income before provision for credit losses increased to $80.1 million from $66.9 million year-over-year.

• Net interest margin improved to 2.81% from 2.42% year-over-year.

• Total non-interest income surged to $18.9 million from $4.5 million year-over-year.

• Total non-interest expense increased to $55.3 million from $49.4 million year-over-year.

Outlook and guidance

• Management remains focused on credit quality, thoughtful loan growth, and personal client service for the remainder of 2026.