secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001140361-23-035242
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036123035242/0001140361-23-035242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036123035242/brhc20056081_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-035242

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