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Ponce Financial Group vs Farmers & Merchants Bancorp: PDLB and FMAO compared
Ponce Financial Group is the larger company: $34.8M of revenue in its latest quarter (Q3 2026) against $34.8M for Farmers & Merchants Bancorp (Q3 2026). Ponce Financial Group is growing faster (+30% against +11% a year earlier). Farmers & Merchants Bancorp is more profitable, with an operating margin of 40.8% against 35.5%.
Where the money goes: PDLB and FMAO
Ponce Financial Group (PDLB) · Q3 2026
Ponce Financial Group, Q3 2026: revenue $34.8M (+30% year over year), operating margin 35.5%, net earnings $18.2M, operating cash flow $13.4M. The chart follows the revenue to costs, profit and cash.
Farmers & Merchants Bancorp (FMAO) · Q3 2026
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.
| Ponce Financial Group (PDLB) | Farmers & Merchants Bancorp (FMAO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $34.8M | $34.8M |
| Revenue growth, Y/Y | +30% | +11% |
| Operating margin | 35.5% | 40.8% |
| Net earnings | $18.2M | $11.5M |
| Net margin | 52.4% | 33.1% |
| Operating cash flow | $13.4M | $14.9M |
| Free cash flow | $13.4M | $14.6M |
Where the revenue comes from
Ponce Financial Group
- Net interest income: $34.0M (98%)
- Noninterest income: $850K (2%)
Farmers & Merchants Bancorp
- Net interest income: $29.9M (86%)
- Noninterest income: $4.9M (14%)
Questions
Which is bigger, Ponce Financial Group or Farmers & Merchants Bancorp?
Ponce Financial Group is the larger company: $34.8M of revenue in its latest quarter (Q3 2026) against $34.8M for Farmers & Merchants Bancorp (Q3 2026).
Is Ponce Financial Group or Farmers & Merchants Bancorp growing faster?
Ponce Financial Group is growing faster (+30% against +11% a year earlier).
Which is more profitable, Ponce Financial Group or Farmers & Merchants Bancorp?
Farmers & Merchants Bancorp is more profitable, with an operating margin of 40.8% against 35.5%.
More: Ponce Financial Group earnings · how Ponce Financial Group makes money · Farmers & Merchants Bancorp earnings · how Farmers & Merchants Bancorp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.