secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001140361-23-048817
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036123048817/0001140361-23-048817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036123048817/ef20012733_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-048817

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