Overview
- Farmers & Merchants Bancorp, which reported Monday, posted a record $24.1 million first-quarter profit and said its bank remains classified as well capitalized by regulators.
- The California lender grew assets to $5.84 billion and deposits to $5.12 billion, while net interest income rose to $56.9 million and net interest margin improved to 4.25%.
- ServisFirst Bancshares reported $83 million in net income, equal to $1.52 per share, with adjusted earnings of $1.54 and reported revenue of $252.3 million.
- Capital City Bank Group earned $15.8 million, or 92 cents per share, and its revenue net of interest expense of $62.8 million fell short of Street forecasts.
- The three updates reflect a broader 2026 trend of smaller banks leaning on net interest income—the money made on loans and securities after paying for deposits—while maintaining strong capital and stable credit quality.