---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-035242"
form_type: "8-K"
ticker: "FMCB"
cik: "0001085913"
company_name: "FARMERS & MERCHANTS BANCORP"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:13:27.013095+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-035242
- form_type: 8-K
- ticker: FMCB
- cik: 0001085913
- company_name: FARMERS & MERCHANTS BANCORP
- filed_at: 2023-07-19T23:59:59+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/1085913/000114036123035242/0001140361-23-035242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085913/000114036123035242/brhc20056081_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-035242
- JSON: https://secwatch.observer/filing/0001140361-23-035242.json
- Plain text: https://secwatch.observer/filing/0001140361-23-035242.txt

## Key facts
- Earnings Releases
  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
  source text: Net income for the six-months ended June 30, 2023 was a record $44.8 million, or $58.83 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085913/000114036123035242/0001140361-23-035242-index.htm
- Earnings Releases
  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
  source text: reported second quarter net income of $21.3 million, or $28.03 per diluted common share for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085913/000114036123035242/0001140361-23-035242-index.htm

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