Market cap data unavailable. We couldn't positively verify this ticker's market cap is under $500M. Verify independently before trading.
Farmers and Merchants Bancshares, Inc. operates as the bank holding company for Farmers and Merchants Bank that provides commercial and retail banking services to individuals and businesses in Maryland. It offers checking, savings, money market, individual retirement, and sweep accounts, as well as certificates of deposit, remote check deposits, and repurchase agreements. The company also provides credit for residential mortgages, including federal housing administration and veterans affairs loans; construction loans; home equity lines; personal installment loans; and other consumer financing, as well as finances commerce and industry by providing credit and deposit services for small to medium size businesses and the agricultural community. In addition, it offers commercial lending, which includes commercial mortgages, land acquisition and development loans, lines of credit, accounts receivable financing, and term loans for fixed asset purchases, as well as loans guaranteed by the Small Business Administration and the United States Department of Agriculture. Further, the company provides automated teller machine, internet, automated telephone services, online and mobile banking products, and other electronic banking services, as well as debit and credit cards. It operates through branches located in Hampstead, Greenmount, Reisterstown, Owings Mills, Eldersburg, and Westminster, Maryland. Farmers and Merchants Bancshares, Inc. was founded in 1919 and is headquartered in Hampstead, Maryland.
Farmers and Merchants Bancshares, Inc. Reports Earnings of $3.7 Million or $1.14 Per Share For the Six Months Ended June 30, 2026
Farmers and Merchants Bancshares reported a 57% increase in net income to $3.7 million for the six months ended June 30, 2026, driven by a widening net yield on interest-earning assets to 3.27% and the absence of credit loss provisions.
Quarterly net income rose to $1.9 million, or $0.58 per share, from $1.2 million, or $0.38 per share, in the prior-year period, reflecting growth in net interest income and expense management.
Book value per share increased to $20.72, despite a $12.9 million unrealized loss on the AFS securities portfolio due to rising interest rates.