Farmers & Merchants Bank of Long Beach reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 78.13 million compared to USD 74.67 million a year ago. Net income was USD 29.09 million compared to USD 30.43 million a year ago. Basic earnings per share from continuing operations was USD 233.52 compared to USD 240.92 a year ago. Diluted earnings per share from continuing operations was USD 228.51 compared to USD 236.95 a year ago.
For the six months, net interest income was USD 150.72 million compared to USD 145.15 million a year ago. Net income was USD 56.92 million compared to USD 55.71 million a year ago. Basic earnings per share from continuing operations was USD 455.13 compared to USD 440.51 a year ago. Diluted earnings per share from continuing operations was USD 445.33 compared to USD 434.39 a year ago.