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

Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001140361-24-033403
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124033403/0001140361-24-033403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124033403/ef20032540_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-033403

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