Farmers & Merchants Bancorp's third-quarter profit fell from both comparison periods, despite net interest income rising 17% and a 3.69% interest margin. Nine-month profit rose, and the company declared a $0.26 quarterly dividend, leaving the results mixed.
The lower quarter's profit points to a weaker recent period. But profit for the first 9 months rose, and net interest income grew 17% from a year earlier. The $0.26 dividend adds a payment to shareholders, but the results point in different directions.
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