Farmers and Merchants Bancorp (FMCB)
| Sector • Financial Industry • Commercial Banks |
| Industry • Commercial Banks |
| Sector • Financial |
Outstanding developments by FMCB amid the first quarter of 2023
FMCB announced first quarter of 2023 operating surplus of $29.499 million
Published 2023-05-11T16:04:19+00:00
Goran Soko / CSIMarket.com Contributer
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FMCB announced astonishing recent numbers in the first quarter of 2023, where revenue rose by 23.991 % to $57.68 million and profit per share went up by 41.94 % to $30.80 per share, year on year.In comparison to the prior period earnings per share surged by 17.93 % from $26.12 per share and revenue improved by 16.452 % from $49.53 million.
Net income of $23.547 million in the first quarter of 2023 earnings season increased by 38.04 % from net earnings of $17.058 million reported in the first quarter of 2023 earnings season a year ago. Farmers And Merchants Bancorp also emphasized it's improving profit margins, where net margin rose to 40.82% in first quarter of 2023 earnings season, and operating margin edged up to 51.14%.
Operating earnings, on the other hand, improved just 29.76% to $29.499 million.
Farmers And Merchants Bancorp is expected to report next financial recent numbers on August 07, 2023.