Overview

* Farmers and Merchants Q3 net income rises to $1.7 mln from $1.1 mln in 2024

* Net interest income for Q3 2025 increased by $1.3 mln compared to Q3 2024

* Company's Q3 return on average equity improved to 11.23% from 8.05% in 2024

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* NET YIELD EXPANSION - Co attributes higher net interest income to expanded net yield on interest-earning assets due to strategic repricing and funding actions

* LOAN GROWTH - Robust loan production with over $39.5 mln in net loan growth through September 2025

* TOWSON OFFICE PERFORMANCE - Towson Commercial Banking office exceeded expectations with deposits over $44 mln and strong loan growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $1.70

Income mln

Q3 Net $6.35

Interest mln

Income

Q3 Basic $0.53

EPS

Q3 $2.16

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)