secwatch.observer — SEC 8-K summary
======================================

Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001140361-24-026272
Event type: dividend
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers & Merchants Bancorp declares $8.80 mid-year dividend, up 6% from prior year
--------------------------------------------------------------------------------

- Mid-year cash dividend of $8.80 per share, a 6.0% increase over $8.30 in July 2023; payable July 1, 2024 to holders of record June 11, 2024.
- Trailing twelve months net income per share through Q1 2024 was $116.37, up 10.15% from $105.65 a year earlier.
- Q1 2024 net income of $22.7M ($30.56 diluted EPS), vs $23.5M in Q1 2023; annualized ROAA 1.71%, ROAE 16.33%.
- Credit quality: no non-accrual loans, delinquency ratio 0.31%, allowance for credit losses $75.0M (2.02% of loans).
- Repurchased and retired 5,201 shares (0.70% of outstanding) in Q1 2024; bank remains well-capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124026272/0001140361-24-026272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124026272/ef20029128_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-026272

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