{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-003594","form_type":"8-K","ticker":"FMCB","cik":"0001085913","company_name":"FARMERS & MERCHANTS BANCORP","filed_at":"2024-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.327424+00:00","generated_at":"2026-06-06T19:01:43.132172+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Farmers & Merchants Bancorp reports record 2023 net income of $88.3M; EPS up 20.8% YoY","bullets":["Record net income of $88.3M ($116.61/diluted share) vs $75.1M ($96.55) in 2022; net income up 17.6%.","Net interest margin expanded to 4.30% from 3.81%; total deposits fell 1.9% to $4.67B with no brokered deposits.","Loans and leases grew 4.05% to $3.65B; net recoveries of $0.3M; no nonperforming loans at year-end.","Total risk-based capital ratio improved to 13.84%; tangible book value per share up 16.9% to $717.05; repurchased 20,366 shares for $20.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-003594","json":"https://secwatch.observer/filing/0001140361-24-003594.json","markdown":"https://secwatch.observer/filing/0001140361-24-003594.md","text":"https://secwatch.observer/filing/0001140361-24-003594.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1085913/000114036124003594/0001140361-24-003594-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1085913/000114036124003594/ef20019457_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T19:01:43.132172+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fc3edac9a0297b0c13d39ea277c0d637e0ccda27","claim":"FARMERS & MERCHANTS BANCORP reported the full year of 2023 results: revenue Total revenue increased 15.29% to $230.3 million, net income Record net income of $88.3 million, EPS $116.61 per diluted common share.","evidence_excerpt":"income for the year ended December 31, 2023 was $215.4 million, an increase of $21.8 million, or 11.27%, when compared with $193.6 million one year ago. Total revenue increased 15.29% to $230.3 million in 2023 compared with $199.8 million in 2022. The Company’s net interest margin increased to 4.30% in 2023, compared to 3.81% in 2022. The increase was","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1085913/000114036124003594/0001140361-24-003594-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year of 2023"},{"label":"Revenue","value":"Total revenue increased 15.29% to $230.3 million"},{"label":"Net income","value":"Record net income of $88.3 million"},{"label":"EPS","value":"$116.61 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}