Farmers & Merchants Bancorp reports record Q3 net income $19.5M, EPS $25.20, up 13.7% YoY

FARMERS & MERCHANTS BANCORP

2022-Q3 EPS reported $70.47

Record net income $19.5M ($25.20 EPS) vs $17.5M ($22.16) in Q3 2021; up 13.7%.
Net interest margin 3.95%, up 42 bps from Q2 2022; net interest income rose 28.3% YoY to $50.5M.
Total assets $5.5B (+7.1% YoY); loans held for investment grew 9.67% ex-PPP; deposits up 7.5%.
Provision for credit losses $1.5M in Q3; non-performing loans just 0.02% of total loans.
Repurchased 6,368 shares (0.82% of shares) during Q3; tangible book value per share $589.03, up 5.8% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FARMERS & MERCHANTS BANCORP reported third quarter and year-to-date ending September 30, 2022 results: net income $19.5 million, EPS $25.20 per diluted common share.

Period: third quarter and year-to-date ending September 30, 2022
Net income: $19.5 million
EPS: $25.20 per diluted common share
Result: reported results

Exact text from the filing

On October 26, 2022, Farmers & Merchants Bancorp issued a press release concerning financial results for the third quarter and year-to-date ending September 30, 2022, a copy of which is included as Exhibit 99 and incorporated herein by reference.

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Source: SEC EDGAR

accession 0001140361-22-038545

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