secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001140361-23-003542
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036123003542/0001140361-23-003542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036123003542/brhc10047209_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-003542

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer