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

NYCSkylineBy_FASTILY_(Own_Work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons.jpg 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.

Farmers And Merchants Bancorp's Asset Turnover

Farmers And Merchants Bancorp's Net Income Growth


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