Farmers & Merchants Bancorp reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest income was USD 55.72 million compared to USD 42.21 million a year ago. Net income was USD 23.55 million compared to USD 17.06 million a year ago.

Basic earnings per share from continuing operations was USD 30.8 compared to USD 21.7 a year ago. Diluted earnings per share from continuing operations was USD 30.8 compared to USD 21.7 a year ago.