---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-048817"
form_type: "8-K"
ticker: "FMCB"
cik: "0001085913"
company_name: "FARMERS & MERCHANTS BANCORP"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T19:42:01.470839+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-048817
- form_type: 8-K
- ticker: FMCB
- cik: 0001085913
- company_name: FARMERS & MERCHANTS BANCORP
- filed_at: 2023-10-19T23:59:59+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/1085913/000114036123048817/0001140361-23-048817-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085913/000114036123048817/ef20012733_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-048817
- JSON: https://secwatch.observer/filing/0001140361-23-048817.json
- Plain text: https://secwatch.observer/filing/0001140361-23-048817.txt

## Key facts
- Earnings Releases
  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
  source text: Farmers & Merchants Bancorp issued a press release concerning financial results for the third quarter and year-to-date ending September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085913/000114036123048817/0001140361-23-048817-index.htm
- Earnings Releases
  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
  source text: Net income for the nine-months ended September 30, 2023 was a record $66.9 million, or $88.06 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085913/000114036123048817/0001140361-23-048817-index.htm

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