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Farmers & Merchants Bancorp vs Westamerica Bancorporation: FMCB and WABC compared
Farmers & Merchants Bancorp is the larger company: $64.6M of revenue in its latest quarter (Q3 2026) against $64.1M for Westamerica Bancorporation (Q3 2026). Farmers & Merchants Bancorp is growing faster (+4% against +0.5% a year earlier). Westamerica Bancorporation is more profitable, with an operating margin of 59.1% against 42.2%.
Where the money goes: FMCB and WABC
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.
Westamerica Bancorporation (WABC) · Q3 2026
Westamerica Bancorporation, Q3 2026: revenue $64.1M (+0.5% year over year), operating margin 59.1%, net earnings $28.2M, operating cash flow $33.7M. The chart follows the revenue to costs, profit and cash.
| Farmers & Merchants Bancorp (FMCB) | Westamerica Bancorporation (WABC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $64.6M | $64.1M |
| Revenue growth, Y/Y | +4% | +0.5% |
| Operating margin | 42.2% | 59.1% |
| Net earnings | $25.1M | $28.2M |
| Net margin | 38.8% | 44.0% |
| Operating cash flow | $40.4M | $33.7M |
| Free cash flow | $39.2M | $33.0M |
| Market value | — | $1.4B |
| P/E | — | 12.4× |
| Analysts’ mean target | — | $65.00 |
Where the revenue comes from
Farmers & Merchants Bancorp
- Net interest income: $58.3M (90%)
- Noninterest income: $6.3M (10%)
Westamerica Bancorporation
- Net interest income: $53.4M (83%)
- Noninterest income: $10.7M (17%)
Questions
Which is bigger, Farmers & Merchants Bancorp or Westamerica Bancorporation?
Farmers & Merchants Bancorp is the larger company: $64.6M of revenue in its latest quarter (Q3 2026) against $64.1M for Westamerica Bancorporation (Q3 2026).
Is Farmers & Merchants Bancorp or Westamerica Bancorporation growing faster?
Farmers & Merchants Bancorp is growing faster (+4% against +0.5% a year earlier).
Which is more profitable, Farmers & Merchants Bancorp or Westamerica Bancorporation?
Westamerica Bancorporation is more profitable, with an operating margin of 59.1% against 42.2%.
More: Farmers & Merchants Bancorp earnings · how Farmers & Merchants Bancorp makes money · Westamerica Bancorporation earnings · how Westamerica Bancorporation makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.