secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001140361-24-041179
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers & Merchants Bancorp authorizes $55M share buyback, replaces $25M program
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- New $55M share repurchase program approved, effective immediately, expires Dec 31, 2026.
- Existing $25M program terminated; since Jan 2021 repurchased 51,596 shares (~6.5% of outstanding).
- Capital ratios as of June 30: tier 1 leverage 10.66%, CET1 13.09%, total capital 14.58% – well capitalized.
- Repurchases to fund non-qualified retirement plans or be returned to authorized but unissued shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124041179/0001140361-24-041179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124041179/ef20035694_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-041179

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