FMCB - Farmers & Merchants Bancorp GAAP EPS of $30.80 net interest income of $55.7M
2023-04-20 03:12:10 ET
- Farmers & Merchants Bancorp press release ( OTCQX:FMCB ): Q1 GAAP EPS of $30.80.
- Net interest income of $55.7M (+32.0% Y/Y).
- The Company’s net interest margin increased to 4.53% in the first quarter of 2023 compared with 3.39% in the first quarter of 2022.
- Achieved return on average assets of 1.80% and return on average equity of 18.93%.
- Strong capital position with a total risk-based capital ratio of 13.68%, common equity tier 1 ratio of 12.19%, tier 1 leverage ratio of 9.94% and a tangible common equity ratio of 9.67%;
- Credit quality remains strong and the allowance for credit losses remains robust at 1.99%.
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Farmers & Merchants Bancorp GAAP EPS of $30.80, net interest income of $55.7M