---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-043562"
form_type: "8-K"
ticker: "FMCB"
cik: "0001085913"
company_name: "FARMERS & MERCHANTS BANCORP"
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T13:35:22.892322+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Farmers & Merchants Bancorp reports record Q3 net income $22.1M, EPS $29.96; major share repurchase

## Summary
- Record net income $22.1M ($29.96 diluted EPS), up 2.5% YoY on a per share basis.
- Net interest margin widened to 4.07% from 3.91% in Q2; average deposit cost fell to 1.39%.
- Regulatory capital ratios well above well-capitalized thresholds; TCE ratio 10.91%.
- New $55M share repurchase authorized; on Oct 3 bought 37,990 shares ($34.8M) from a deceased shareholder's trust.
- Credit quality strong: only $677K non-accrual loans, allowance for credit losses 2.11%.

## SEC filing metadata
- accession: 0001140361-24-043562
- form_type: 8-K
- ticker: FMCB
- cik: 0001085913
- company_name: FARMERS & MERCHANTS BANCORP
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1085913/000114036124043562/0001140361-24-043562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085913/000114036124043562/ef20037317_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-043562
- JSON: https://secwatch.observer/filing/0001140361-24-043562.json
- Plain text: https://secwatch.observer/filing/0001140361-24-043562.txt

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