Short answer
FARMERS & MERCHANTS BANCORP INC (FMAO) filed its Q1 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $43M (up 5.6% year over year) with net income of $10M.
Q1 2026 key financials · XBRL
- Revenue
- $43M
- +5.6% YoY
- Net income
- $10M
- +37.8% YoY
- EPS (diluted)
- $0.70
- +37.3% YoY
Source: XBRL data from the FARMERS & MERCHANTS BANCORP INC (FMAO) Q1 2026 10-Q on SEC EDGAR. USD.
FARMERS & MERCHANTS BANCORP INC Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net interest income $3.5M higher YoY; net income $2.6M higher than first quarter 2025
- Net interest margin 3.42% vs 3.03% YoY; net interest spread up 41 basis points
- Agricultural loans strongest growth, up 20.3% YoY to $229.0M; consumer loans weakest, down 7.4% to $56.2M
- Deposits up $78.9M since year-end; cash and equivalents increased $75.8M
- Outlook: further margin opportunities from loan repricing; Iran war risks to inflation, fuel, fertilizer, and rates
Risk Factors
- New regulatory risk: GENIUS Act enacted mid-2025, imposing stablecoin reserves, reporting, audits, and supervisory oversight
- Compliance risk: Potential stablecoin involvement could increase operational costs and expose the company to evolving legal interpretations
- Market risk: Rapid changes in digital-asset regulation could adversely affect emerging-market strategies and prospects
- Financial risk: Adverse stablecoin regulatory developments could materially impact financial condition and results of operations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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