Farmers & Merchants Bank of Long Beach reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 65.07 million compared to USD 78.13 million a year ago. Net income was USD 18.15 million compared to USD 29.09 million a year ago. Basic earnings per share from continuing operations was USD 147.28 compared to USD 233.52 a year ago. Diluted earnings per share from continuing operations was USD 143.69 compared to USD 228.51 a year ago.
For the six months, net interest income was USD 135.89 million compared to USD 150.72 million a year ago. Net income was USD 39.77 million compared to USD 56.92 million a year ago. Basic earnings per share from continuing operations was USD 322.75 compared to USD 455.13 a year ago. Diluted earnings per share from continuing operations was USD 314.54 compared to USD 445.33 a year ago.