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Farmers & Merchants Bancorp vs Shore Bancshares: FMCB and SHBI compared
Farmers & Merchants Bancorp is the larger company: $64.6M of revenue in its latest quarter (Q3 2026) against $62.8M for Shore Bancshares (Q3 2026). Shore Bancshares is growing faster (+11% against +4% a year earlier). Farmers & Merchants Bancorp is more profitable, with an operating margin of 42.2% against 35.5%.
Where the money goes: FMCB and SHBI
Farmers & Merchants Bancorp (FMCB) · Q3 2026
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.
Shore Bancshares (SHBI) · Q3 2026
Shore Bancshares, Q3 2026: revenue $62.8M (+11% year over year), operating margin 35.5%, net earnings $16.8M, operating cash flow $36.0M. The chart follows the revenue to costs, profit and cash.
| Farmers & Merchants Bancorp (FMCB) | Shore Bancshares (SHBI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $64.6M | $62.8M |
| Revenue growth, Y/Y | +4% | +11% |
| Operating margin | 42.2% | 35.5% |
| Net earnings | $25.1M | $16.8M |
| Net margin | 38.8% | 26.7% |
| Operating cash flow | $40.4M | $36.0M |
| Free cash flow | $39.2M | $35.4M |
Where the revenue comes from
Farmers & Merchants Bancorp
- Net interest income: $58.3M (90%)
- Noninterest income: $6.3M (10%)
Questions
Which is bigger, Farmers & Merchants Bancorp or Shore Bancshares?
Farmers & Merchants Bancorp is the larger company: $64.6M of revenue in its latest quarter (Q3 2026) against $62.8M for Shore Bancshares (Q3 2026).
Is Farmers & Merchants Bancorp or Shore Bancshares growing faster?
Shore Bancshares is growing faster (+11% against +4% a year earlier).
Which is more profitable, Farmers & Merchants Bancorp or Shore Bancshares?
Farmers & Merchants Bancorp is more profitable, with an operating margin of 42.2% against 35.5%.
More: Farmers & Merchants Bancorp earnings · how Farmers & Merchants Bancorp makes money · Shore Bancshares earnings · how Shore Bancshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.