---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-059407"
form_type: "8-K"
ticker: "FMAO"
cik: "0000792966"
company_name: "FARMERS & MERCHANTS BANCORP INC"
filed_at: "2025-04-28T23:59:59+00:00"
generated_at: "2026-05-23T05:24:09.463964+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FMAO Q1 net income up 29.7% to $7.0M, EPS $0.51; NIM expands to 3.03%

## Summary
- Net income $7.0M ($0.51 diluted EPS) vs $5.4M ($0.39) YoY, up 29.7%.
- Net interest margin 3.03% (+43 bps YoY); efficiency ratio improved to 66.79% from 74.08%.
- Total loans $2.58B (+1.6%), deposits $2.70B (+3.0%); nonperforming loans 0.17% of loans.
- Pre-tax pre-provision income rose 49.6% to $9.3M from $6.2M.
- Dividend $0.22125/share (+0.6% YoY); 30 consecutive years of dividend increases.

## SEC filing metadata
- accession: 0000950170-25-059407
- form_type: 8-K
- ticker: FMAO
- cik: 0000792966
- company_name: FARMERS & MERCHANTS BANCORP INC
- filed_at: 2025-04-28T23:59:59+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/792966/000095017025059407/0000950170-25-059407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792966/000095017025059407/fmao-20250428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-059407
- JSON: https://secwatch.observer/filing/0000950170-25-059407.json
- Plain text: https://secwatch.observer/filing/0000950170-25-059407.txt

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