Farmers & Merchants (NASDAQ:FMAO) reported quarterly earnings of $0.86 per share which beat the analyst consensus estimate of $0.67 by 28.36 percent. This is a 53.57 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $34.350 million which beat the analyst consensus estimate of $30.500 million by 12.62 percent. This is a 15.87 percent increase over sales of $29.646 million the same period last year.