Farmers and Merchants Bank of Long Beach (FMBL) Q4 2025 earnings summary

Executive summary

• Achieved strong fourth quarter and full-year 2025 results, with improved profitability and a more flexible balance sheet, positioning for future growth.

• Closed a $200 million equity investment in Q4 2025 from a large financial services company, expected to drive new loan growth starting late 2026.

• Management highlights a legacy of financial strength and prudent fiscal management supporting long-term growth.

Financial highlights

• Q4 2025 net income rose to $19.5 million ($141.90/diluted share) from $4.0 million ($32.18/diluted share) in Q4 2024.

• Full-year 2025 net income increased to $68.3 million ($537.62/diluted share) from $44.9 million ($358.63/diluted share) in 2024.

• Q4 2025 net interest income before provision for credit losses was $74.4 million, up from $62.3 million in Q4 2024.

• Net interest margin improved to 2.58% in Q4 2025 from 2.14% in Q4 2024; full-year margin was 2.44% vs. 2.00% in 2024.

• Total assets at year-end 2025 were $11.80 billion, up from $11.69 billion at year-end 2024.

Outlook and guidance

• Anticipates accelerated, profitable growth from new partnership and expanded customer base beginning late 2026.

• Strategic initiatives and strong management team expected to sustain positive momentum into 2026.