Farmers & Merchants Bancorp Q3 net income $22.0M, EPS $29.23, up 16% YoY per share

FARMERS & MERCHANTS BANCORP

2023-Q3 EPS reported $88.06

Record Q3 net income of $22.0M ($29.23/diluted share) vs $19.5M ($25.20) in Q3 2022, up 12.8% (16% per share).
Year-to-date net income $66.9M ($88.06/share), up 21.5% (25% per share) vs prior year period.
Net interest margin widened to 4.20% from 3.95% YoY; loans grew 1.88% QoQ, deposits grew 2.38% QoQ, no brokered deposits.
Strong capital: total risk-based capital ratio 13.97%, tangible common equity ratio 9.64%; all regulatory ratios well above well-capitalized thresholds.
Credit quality strong: non-performing loans $4.5M (0.19% of loans), allowance for credit losses 2.14% with net recoveries of $274K YTD.

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 third quarter ended September 30, 2023 results: net income $22.0 million, EPS $29.23 per diluted common share.

Period: third quarter ended September 30, 2023
Net income: $22.0 million
EPS: $29.23 per diluted common share
Result: reported results

Exact text from the filing

Farmers & Merchants Bancorp issued a press release concerning financial results for the third quarter and year-to-date ending September 30, 2023

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FARMERS & MERCHANTS BANCORP reported nine-months ended September 30, 2023 results: net income $66.9 million, EPS $88.06 per diluted common share.

Period: nine-months ended September 30, 2023
Net income: $66.9 million
EPS: $88.06 per diluted common share
Result: reported results

Exact text from the filing

Net income for the nine-months ended September 30, 2023 was a record $66.9 million, or $88.06 per diluted common share

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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 0001140361-23-048817

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