FMCB FY2022 record net income $75.1M, EPS $96.55 (+14.93% YoY)

FARMERS & MERCHANTS BANCORP

2022-FY EPS reported $96.55

Net income $75.1M ($96.55/sh), up 14.93% YoY from $66.3M ($84.01/sh).
Revenue $199.8M (+9.76%); net interest income $193.6M (+20.28%); NIM 4.45% vs 3.37%.
Loans grew $346M (10.7%) ex-PPP; deposits $4.76B; cost of deposits 0.16%.
Recorded $10.7M loss on securities repositioning; provision $6.5M; allowance 1.90%.
Capital well-capitalized; leverage ratio 9.36%; risk-based capital 13.06%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FARMERS & MERCHANTS BANCORP reported the year ended December 31, 2022 results: revenue $199.8 million, net income $75.1 million, EPS $96.55 per diluted common share.

Period: the year ended December 31, 2022
Revenue: $199.8 million
Net income: $75.1 million
EPS: $96.55 per diluted common share
Result: reported results

Exact text from the filing

a drop in accumulated other comprehensive income as rates rise. Earnings Earnings per share was $96.55 in 2022, up 14.93% from $84.01 for 2021. Total revenue increased 9.76% to $199.8 million in 2022 compared with $182 million in 2021. Net interest income increased 20.28% to $193.6 million in 2022 compared with $161 million in 2021. Importantly, as market interest

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Source: SEC EDGAR

accession 0001140361-23-003542

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