FARMERS & MERCHANTS BANCORP director Jehna L. Silva filed an initial Form 3 reporting beneficial ownership of the company’s common stock. Silva reports 840 shares held directly, which include a restricted stock award of 130 unvested shares, plus indirect holdings through an LLC and as custodian for minor children.
Farmers & Merchants Bancorp appointed Jehna Silva to its Board of Directors effective June 8, 2026, and she will leave her prior role as Vice President, Shareholder Relations. She will receive the company’s standard non-employee director compensation and serve on the CRA, Budget and Finance, and ALCO Committees.
The company highlights her 15+ years of commercial banking experience, including relationship banking, lending and risk mitigation, as well as her community board service. Farmers & Merchants Bancorp also reiterates its profile as a long-standing community bank with $5.8 billion in assets, 33 California locations, and a 91-year dividend payment history with 61 consecutive years of dividend increases.
Farmers & Merchants Bancorp reported results from its Annual Meeting of Stockholders held on May 11, 2026. A quorum of 397,812 shares, representing 57.40% of shares outstanding, was present. All seven director nominees were elected, each receiving substantially more votes for than withheld.
Stockholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers as described in the 2025 proxy statement. The say‑on‑pay proposal received 362,155 votes for, or 91.04% of voted shares, with relatively few votes against or abstaining.
Farmers & Merchants Bancorp declared a higher quarterly cash dividend of $5.35 per share, up 4.9% from $5.10 in the prior quarter. The dividend is payable on July 1, 2026 to shareholders of record on June 12, 2026.
Over the trailing twelve months, cash dividends totaled $20.50 per share, compared with $18.60 a year earlier. Trailing twelve‑month net income was $94.7 million and diluted EPS was $136.49, up 10.7% from $123.32.
For the quarter ended March 31, 2026, the company posted record net income of $24.1 million, or $35.34 per diluted share, a 7.6% year‑over‑year increase. Annualized return on average assets was 1.68% and return on average equity was 14.69% on $5.8 billion of assets.
Credit quality remained strong, with an allowance for credit losses on loans and leases of 2.12% and a delinquency ratio of 0.01%. Capital levels were robust, including a common equity tier 1 ratio of 14.23% and total risk‑based capital ratio of 15.71%, keeping the bank well above “well‑capitalized” regulatory thresholds.
Farmers & Merchants Bancorp reported solid Q1 2026 results, with net income of $24.1 million for the three months ended March 31, 2026, up from $23.0 million a year earlier. Basic earnings per share were $35.91, compared with $32.88 in Q1 2025.
Total assets grew to $5.84 billion from $5.69 billion, while total deposits increased to $5.12 billion from $4.98 billion. Loans and leases held for investment, net, were $3.54 billion, slightly below $3.57 billion at year-end. The allowance for credit losses on loans and leases stood at $76.9 million. Comprehensive income declined to $17.2 million, mainly due to a $6.8 million after-tax other comprehensive loss on investment securities.
Farmers & Merchants Bancorp furnished an investor presentation updating its first quarter 2026 position and strategy. The bank reports assets of $5.8 billion as of March 31, 2026, with a net interest margin of 4.25%, return on assets of 1.68%, and return on equity of 14.69%.
Regulatory capital appears strong, with a risk-based capital ratio of 15.71% and tangible common equity of 11.05%. Credit quality metrics are highlighted, including allowance for credit losses of 2.12% of total loans and leases, very low net charge-offs, and non-performing loans at 0.02% of total loans and leases.
The presentation stresses long-term shareholder performance, citing a 12.74% average annual total shareholder return and 11.11% annual dividend growth over 29 years, alongside ongoing share repurchases. It also outlines planned new branch locations in California and emphasizes the bank’s long history in agricultural lending and its diversified loan portfolio.
Farmers & Merchants Bancorp reported record first‑quarter 2026 net income of $24.1 million, up from $23.0 million a year earlier, or $35.34 diluted EPS versus $32.86. The bank generated a strong 1.68% return on average assets and 14.69% return on average equity.
Over the last twelve months, diluted EPS rose to $136.49, up 10.68% year over year, while tangible book value per share increased 15.01% to $928.99. Credit quality remained excellent with only one non‑accrual loan of $730,000 and a 0.01% delinquency ratio.
Assets reached $5.8 billion with deposits of $5.1 billion and a 71.04% loan‑to‑deposit ratio. Capital ratios strengthened further, with total risk‑based capital at 15.71% and common equity tier 1 at 14.23%, well above regulatory “well‑capitalized” thresholds.
Farmers & Merchants Bancorp is asking stockholders to vote at its virtual 2026 annual meeting on May 11, 2026. Stockholders will elect seven directors for one-year terms and cast an advisory Say-on-Pay vote on executive compensation, with the Board recommending approval of both proposals.
Holders of the company’s 693,043 outstanding common shares as of March 20, 2026 can vote by mail, telephone or internet. The proxy details director independence, committee structures, compensation programs, and a pay philosophy that ties senior management bonuses and restricted stock awards to profitability and long-term performance.
FARMERS & MERCHANTS BANCORP Executive Vice President Thomas A. Bennett reported a disposition of 70 shares of Common Stock on March 13, 2026, at a reported price of $1,139.23 per share, characterized as a disposition to the issuer rather than an open-market trade. After this transaction, he directly owns 372 shares of the company’s common stock.
Farmers & Merchants Bancorp is a Delaware bank holding company for F&M Bank of Central California, operating 30 branches and 3 stand-alone ATMs across eight counties in the Central Valley and East Bay. It focuses on small and mid-sized businesses, agribusiness and retail customers with a full suite of deposit and lending products.
As of December 31, 2025, common stock outstanding was 697,904 shares, with 691,945 shares outstanding as of February 28, 2026. The Bank held $4.76 billion of deposits in its markets, or 2.06% of all bank deposits there, including a 13.40% share in San Joaquin County.
The company reports it is well-capitalized under Basel III standards and did not have preferred stock outstanding. In 2025 the Bank paid $51.8 million of dividends to the holding company, which funded $13.4 million of cash dividends to shareholders, $34.7 million of share repurchases and $3.7 million of expenses and cash reserves.
Farmers & Merchants emphasizes human capital, employing 383 full‑time‑equivalent staff and spending $74.1 million on salaries and benefits in 2025. It terminated legacy executive retirement plans and replaced them with a restricted stock retirement plan authorizing up to 80,000 shares, with initial grants made in 2025.
The filing highlights extensive regulation affecting capital, dividends, consumer protection, privacy and anti‑money‑laundering, and notes the Bank’s Outstanding Community Reinvestment Act rating from a December 2025 FDIC exam. Key risks include sensitivity to U.S. and California economic conditions, commercial real estate exposure (CRE and ADC loans equal to 172% and 20.12% of total risk‑based capital), and heightened uncertainty from interest‑rate policy, tariffs and geopolitical developments.