---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-003542"
form_type: "8-K"
ticker: "FMCB"
cik: "0001085913"
company_name: "FARMERS & MERCHANTS BANCORP"
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T04:54:29.907445+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001140361-23-003542
- form_type: 8-K
- ticker: FMCB
- cik: 0001085913
- company_name: FARMERS & MERCHANTS BANCORP
- filed_at: 2023-01-31T23:59:59+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/1085913/000114036123003542/0001140361-23-003542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085913/000114036123003542/brhc10047209_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-003542
- JSON: https://secwatch.observer/filing/0001140361-23-003542.json
- Plain text: https://secwatch.observer/filing/0001140361-23-003542.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085913/000114036123003542/0001140361-23-003542-index.htm

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