FMCB · Farmers & Merchants Bancorp

Summary

Farmers & Merchants Bancorp released its Q1 2026 investor presentation under Regulation FD, highlighting $5.8 billion assets, strong capital ratios, and robust credit quality as of March 31, 2026.

Key takeaways

• Assets at $5.8 billion with RBC 15.71%, NIM 4.25%, ROA 1.68%, ROE 14.69% as of March 31, 2026.
• Investment portfolio $1.6 billion with 3.70% tax-equivalent yield, 71.04% loan-to-deposit ratio.
• Agriculture lending $951.3 million (26.3% of loans), no non-performing Ag loans.
• CRE portfolio 45.0% of loans, one non-performing CRE loan of $730,000 (0.02%).
• ACL 2.12% of loans; Q1-2026 net recoveries $43,000.
• 91 years consecutive dividends, 61 years increases; repurchased 181 shares in Q1-2026.