secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001140361-24-043562
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124043562/0001140361-24-043562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036124043562/ef20037317_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-043562

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