Farmers & Merchants Bancorp Q1 2024 EPS $30.56, net income $22.7M

FARMERS & MERCHANTS BANCORP

2024-Q1 EPS reported $30.56

Net income $22.7M, EPS $30.56; adjusted net income up vs Q1 2023 excluding one-time items.
ROAA 1.71%, ROAE 16.33%; efficiency ratio 44.94%, down from 47.62% YoY.
Total assets $5.7B; deposits $5.0B, up 9.26% YoY; loans $3.6B, up 7.82% YoY.
No non-accrual loans; allowance for credit losses $75M (2.02% of loans).
Total risk-based capital ratio 14.23%; tangible book value $743.08, up 14.52% YoY.

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 the first quarter of 2024 results: net income $22.7 million, EPS $30.56 per diluted common share.

Period: the first quarter of 2024
Net income: $22.7 million
EPS: $30.56 per diluted common share
Result: reported results

Exact text from the filing

Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), reported net income of $22.7 million, or $30.56 per diluted common share for the first quarter of 2024

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Source: SEC EDGAR

accession 0001140361-24-020324

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