Filing Flows › Farmers & Merchants Bancorp (FMAO) › Q3 2026
Farmers & Merchants Bancorp (FMAO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
Farmers & Merchants Bancorp (FMAO) reported revenue of $34.8M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +1% from the quarter before. Operating margin was 40.8%, net earnings $11.5M (33.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.8M | +1% | +11% |
| Operating profit | $14.2M | -4% | +27% |
| Net earnings | $11.5M | -2% | +30% |
| Operating cash flow | $14.9M | +38% | +33% |
| Free cash flow | $14.6M | +38% | +36% |
What changed
Revenue was $34.8M in Q3 2026, up 11% year over year and up 1% from the previous quarter. Net interest income was the largest line at 86% of revenue. Net interest income added $3.0M year over year (up 11%), 86% of the total change.
Operating profit was $14.2M, a 40.8% margin (up 4.9 points year over year). Of the extra revenue versus a year earlier, 84% reached operating profit, above the 36% margin then. Total costs grew 3% against revenue growth of 11%. Net earnings were $11.5M, up 30% year over year. The effective tax rate was 18.8%.
Operating cash flow was $14.9M (up 33% year over year), 129% of net earnings. Non-cash charges added back $300K of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $285K left free cash flow of $14.6M.
Questions
What was Farmers & Merchants Bancorp's revenue in the third quarter 2026?
Farmers & Merchants Bancorp (FMAO) reported revenue of $34.8M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +1% from the quarter before.
Was Farmers & Merchants Bancorp profitable in the third quarter 2026?
Operating profit was $14.2M (40.8% of revenue) and net earnings $11.5M.