Farmers & Merchants Bank of Long Beach reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest income was USD 70.82 million compared to USD 72.59 million a year ago. Net income was USD 21.62 million compared to USD 27.84 million a year ago.

Basic earnings per share from continuing operations was USD 175.47 compared to USD 221.65 a year ago. Diluted earnings per share from continuing operations was USD 170.86 compared to USD 217.02 a year ago.