• Farmers & Merchants Bank of Long Beach swung to a third-quarter 2026 net loss of $36.78 million due to portfolio repositioning.
• Net interest income before provision for credit losses climbed 29% year over year to $89.06 million.
• The bank sold approximately $991.9 million of low-yielding municipal bonds, recording an $84 million pretax loss from the repositioning.
• Management expects net income for full-year 2026 and anticipates higher investment yields will improve future profitability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Farmers & Merchants Bank of Long Beach published the original content used to generate this news brief via Business Wire (Ref. ID: 202610200800BIZWIRE_USPR_____20261020_BW021937) on October 20, 2026, and is solely responsible for the information contained therein.