---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-119081"
form_type: "8-K"
ticker: "FMAO"
cik: "0000792966"
company_name: "FARMERS & MERCHANTS BANCORP INC"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:42:42.771279+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FMAO Q3 net income rises 36.4% to $6.5M; NPLs drop to $2.9M from $22.4M

## Summary
- Net income of $6.5M ($0.48 per share) vs $4.8M ($0.35) a year ago; NIM expanded 12 bps to 2.71%.
- Nonperforming loans fell to $2.9M (0.11% of loans) from $22.4M (0.89%), an 87% decline.
- Total deposits hit record $2.68B (+4.3% YoY); total assets record $3.39B (+4.8%).
- Efficiency ratio improved to 67.98% from 73.07% YoY; YTD dividend increased 5% to $0.66125/share.
- 86th consecutive profitable quarter; stockholder equity record $335.4M (+10.6%).

## SEC filing metadata
- accession: 0000950170-24-119081
- form_type: 8-K
- ticker: FMAO
- cik: 0000792966
- company_name: FARMERS & MERCHANTS BANCORP INC
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792966/000095017024119081/0000950170-24-119081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792966/000095017024119081/fmao-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-119081
- JSON: https://secwatch.observer/filing/0000950170-24-119081.json
- Plain text: https://secwatch.observer/filing/0000950170-24-119081.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.