Farmers & Merchants Bank of Long Beach Swings to Q3 2026 Net Loss of $36.78 Million

Bitget2026/10/20 12:07

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Farmers & Merchants Bank of Long Beach Swings to Q3 2026 Net Loss of $36.78 Million

You may also like

Crypto prices