Farmers & Merchants Bancorp Q2 net income $21.3M, EPS $28.03, up 18.9% YoY; dividend raised to $8.30/share

FARMERS & MERCHANTS BANCORP

2023-Q2 EPS reported $58.83

Net income $21.3M ($28.03 diluted EPS) vs $18.4M ($23.58) in Q2 2022; record H1 net income $44.8M, up 26.4%.
Net interest income $52.4M, up 17.2% YoY; net interest margin 4.27% vs 3.52% YoY.
Total deposits $4.6B, up 2.18% from Q1; loans $3.5B, up 1.88% from Q1.
Declared cash dividend $8.30/share, up from $7.85; 88 consecutive years of dividends.
Credit quality strong: non-performing loans only $375K, ACL 2.03% of loans; net recoveries $39K in Q2.

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 the six-months ended June 30, 2023 results: net income $44.8 million, EPS $58.83 per diluted common share.

Period: the six-months ended June 30, 2023
Net income: $44.8 million
EPS: $58.83 per diluted common share
Result: reported results

Exact text from the filing

Net income for the six-months ended June 30, 2023 was a record $44.8 million, or $58.83 per diluted common share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FARMERS & MERCHANTS BANCORP reported the second quarter of 2023 results: net income $21.3 million, EPS $28.03 per diluted common share.

Period: the second quarter of 2023
Net income: $21.3 million
EPS: $28.03 per diluted common share
Result: reported results

Exact text from the filing

reported second quarter net income of $21.3 million, or $28.03 per diluted common share for the second quarter of 2023

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

FARMERS & MERCHANTS BANCORP filing history →

Source: SEC EDGAR

accession 0001140361-23-035242

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