Filing Flows › Farmers & Merchants Bancorp (FMAO) › Q3 2026 › vs Q3 2025
Farmers & Merchants Bancorp (FMAO) Q3 2026 vs Q3 2025 (year over year)
Farmers & Merchants Bancorp's revenue rose $3.5M (+11%) from $31.3M in Q3 2025 to $34.8M in Q3 2026. The biggest changes: Net interest income +$3.0M (+11%); Noninterest income +$510K (+12%). Operating margin 40.8% against 35.9% (+4.9 pts).
Farmers & Merchants Bancorp, Q3 2026: revenue $34.8M (+11% year over year), operating margin 40.8%, net earnings $11.5M, operating cash flow $14.9M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 40.8% | 35.9% | +4.9 pts |
| Net margin | 33.1% | 28.3% | +4.8 pts |
| Free cash flow margin | 41.9% | 34.3% | +7.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $29.9M | $26.9M | $3.0M | +11% |
| Noninterest income | $4.9M | $4.4M | $510K | +12% |
| Revenue | $34.8M | $31.3M | $3.5M | +11% |
| Operating profit | $14.2M | $11.2M | $3.0M | +27% |
| Costs & expenses | $20.6M | $20.0M | $569K | +3% |
| Pre-tax earnings | $14.2M | $11.2M | $3.0M | +27% |
| Noninterest expense | $20.2M | $19.7M | $479K | +2% |
| Net earnings | $11.5M | $8.9M | $2.7M | +30% |
| Income tax | $2.7M | $2.4M | $296K | +12% |
| Share-based compensation | $300K | $333K | −$33K | -10% |
| Working capital & other | $3.0M | $2.0M | $1.0M | +50% |
| Operating cash flow | $14.9M | $11.2M | $3.7M | +33% |
| Free cash flow (OCF − capex) | $14.6M | $10.7M | $3.9M | +36% |
| Capital expenditures | $285K | $475K | −$190K | -40% |
Questions
How much did Farmers & Merchants Bancorp's revenue grow year over year in Q3 2026?
Farmers & Merchants Bancorp's revenue rose $3.5M (+11%) from $31.3M in Q3 2025 to $34.8M in Q3 2026.
What drove Farmers & Merchants Bancorp's revenue change in Q3 2026?
Net interest income +$3.0M (+11%); Noninterest income +$510K (+12%).