---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-020324"
form_type: "8-K"
ticker: "FMCB"
cik: "0001085913"
company_name: "FARMERS & MERCHANTS BANCORP"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:29:39.422099+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-020324
- form_type: 8-K
- ticker: FMCB
- cik: 0001085913
- company_name: FARMERS & MERCHANTS BANCORP
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1085913/000114036124020324/0001140361-24-020324-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085913/000114036124020324/ef20027093_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-020324
- JSON: https://secwatch.observer/filing/0001140361-24-020324.json
- Plain text: https://secwatch.observer/filing/0001140361-24-020324.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085913/000114036124020324/0001140361-24-020324-index.htm

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