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Farmers & Merchants reports Q2 EPS 42c, consensus 36c

Total loans increased 1.75% to $2.56B at June 30, 2024. Total cash and cash equivalents increased by $121.9M, or 171% to $193.1M. Total assets increased 5.6% to a record $3.32B. Deposits increased 7.0% to a record $2.64B.

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