Filing Flows › Farmers & Merchants Bancorp (FMCB) › Q3 2026
Farmers & Merchants Bancorp (FMCB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Farmers & Merchants Bancorp (FMCB) reported revenue of $64.6M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +4% from the quarter before. Operating margin was 42.2%, net earnings $25.1M (38.8% of revenue).
Farmers & Merchants Bancorp, Q3 2026: revenue $64.6M (+4% year over year), operating margin 42.2%, net earnings $25.1M, operating cash flow $40.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $64.6M | +4% | +4% |
| Operating profit | $27.2M | -19% | -17% |
| Net earnings | $25.1M | +1% | +6% |
| Operating cash flow | $40.4M | +22% | +39% |
| Free cash flow | $39.2M | +33% | +45% |
What changed
Revenue was $64.6M in Q3 2026, up 4% year over year and up 4% from the previous quarter. Net interest income was the largest line at 90% of revenue. Net interest income added $2.9M year over year (up 5%), 127% of the total change. Noninterest income declined 9%.
Operating profit was $27.2M, a 42.2% margin (down 10.2 points year over year). Operating profit fell $5.4M even though revenue rose $2.3M versus a year earlier, so costs grew faster than sales. Total costs grew 26% against revenue growth of 4%. The fastest-growing cost line was Credit loss provision (+114%). Net earnings were $25.1M, up 6% year over year. The effective tax rate was 7.9%.
Operating cash flow was $40.4M (up 39% year over year), 161% of net earnings. Non-cash charges added back $777K of depreciation. Working capital and other items added $14.6M. Capital expenditures of $1.2M left free cash flow of $39.2M.
Questions
What was Farmers & Merchants Bancorp's revenue in the third quarter 2026?
Farmers & Merchants Bancorp (FMCB) reported revenue of $64.6M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +4% from the quarter before.
Was Farmers & Merchants Bancorp profitable in the third quarter 2026?
Operating profit was $27.2M (42.2% of revenue) and net earnings $25.1M.