secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001140361-22-038545
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036122038545/0001140361-22-038545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036122038545/brhc10043305_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-038545

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