secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001140361-24-020324
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124020324/0001140361-24-020324-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124020324/ef20027093_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-020324

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer