Farmers & Merchants Bank of Long Beach reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was USD 81.03 million compared to USD 76.65 million a year ago. Net income was USD 26.63 million compared to USD 30.52 million a year ago. Basic earnings per share from continuing operations was USD 214.68 compared to USD 242.49 a year ago. Diluted earnings per share from continuing operations was USD 209.64 compared to USD 238.07 a year ago.
For the nine months, net interest income was USD 231.75 million compared to USD 221.81 million a year ago. Net income was USD 83.56 million compared to USD 86.23 million a year ago. Basic earnings per share from continuing operations was USD 669.9 compared to USD 682.94 a year ago. Diluted earnings per share from continuing operations was USD 654.87 compared to USD 672.37 a year ago.