---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-033403"
form_type: "8-K"
ticker: "FMCB"
cik: "0001085913"
company_name: "FARMERS & MERCHANTS BANCORP"
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:07:04.706940+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Farmers & Merchants Bancorp Q2 net income $21.8M, EPS $29.39, up 4.85% YoY; dividend raised to $8.80

## Summary
- Net income $21.8M ($29.39 per diluted share) vs $21.3M ($28.03) Q2 2023; per share up 4.85%.
- Net interest income $50.8M, down from $52.4M in Q2 2023; net interest margin 4.02% for H1 2024 vs 4.41% prior.
- No non-accrual loans at quarter-end; net recoveries $14K; allowance for credit losses 2.13%.
- Mid-year dividend raised to $8.80 per share from $8.30; 89 consecutive years of dividends, 59 years of increases.
- Total risk-based capital ratio 14.58%; repurchased 3,462 shares in Q2; tangible book value $761.62, up 14.7% YoY.

## SEC filing metadata
- accession: 0001140361-24-033403
- form_type: 8-K
- ticker: FMCB
- cik: 0001085913
- company_name: FARMERS & MERCHANTS BANCORP
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1085913/000114036124033403/0001140361-24-033403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085913/000114036124033403/ef20032540_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-033403
- JSON: https://secwatch.observer/filing/0001140361-24-033403.json
- Plain text: https://secwatch.observer/filing/0001140361-24-033403.txt

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