secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0001140361-23-054024
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers & Merchants Bancorp extends share repurchase program, adds $25M authorization through 2024
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- Existing repurchase program extended through December 31, 2024 with an additional $25 million authorized.
- Since November 2022, company repurchased and retired 17,126 shares (2.23% of shares outstanding as of Nov 30, 2022).
- Since January 2021, total reduction of 38,551 shares (4.88% of shares outstanding) through October 31, 2023.
- Capital ratios remain well capitalized: tier 1 leverage 10.22%, CET1 12.48%, total capital 13.97% as of Sept 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036123054024/0001140361-23-054024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036123054024/ef20015002_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-054024

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