Farmers & Merchants Bancorp Q3 profit jumps 36% on higher loans, interest margins

Reuters
2025/10/27
Farmers & <a href="https://laohu8.com/S/MBIEV">Merchants Bancorp</a> Q3 profit jumps 36% on higher loans, interest margins

Overview

  • Farmers & Merchants Q3 net income rises 35.9% to $8.9 mln

  • Pretax profit for Q3 beats analyst estimates

  • Company opened new office in Troy, Michigan, expanding its footprint

Outlook

  • Company did not provide specific financial guidance for future quarters or full year

Result Drivers

  • NET INTEREST MARGIN - Increased by 69 basis points to 3.40%, contributing to higher net income

  • LOAN GROWTH - Total loans, net increased by $123.0 mln, driven by commercial and agricultural sectors

  • DEPOSIT GROWTH - Total deposits rose by $67.1 mln, supported by relationship-based banking solutions

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$0.64

Q3 Net Income

$8.85 mln

Q3 Pretax Profit

Beat

$11.23 mln

$10.30 mln (3 Analysts)

Q3 Basic EPS

$0.64

Q3 Loan Loss Provision

$557,000

Press Release: ID:nGNX6jwqb9

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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