Farmers & Merchants Bank of Long Beach reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 64.89 million compared to USD 81.03 million a year ago. Net income was USD 17.39 million compared to USD 26.63 million a year ago. Basic earnings per share from continuing operations was USD 141.11 compared to USD 214.68 a year ago. Diluted earnings per share from continuing operations was USD 137.57 compared to USD 209.64 a year ago.
For the nine months, net interest income was USD 200.78 million compared to USD 231.75 million a year ago. Net income was USD 57.16 million compared to USD 83.56 million a year ago. Basic earnings per share from continuing operations was USD 463.86 compared to USD 669.9 a year ago. Diluted earnings per share from continuing operations was USD 452.11 compared to USD 654.87 a year ago.