---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-001612"
form_type: "8-K"
ticker: "FMCB"
cik: "0001085913"
company_name: "FARMERS & MERCHANTS BANCORP"
filed_at: "2025-01-22T23:59:59+00:00"
generated_at: "2026-05-27T18:20:44.285581+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 full year 2024 net income of $88.5M, EPS up 3.78%

## Summary
- Record full year net income of $88.5M, or $121.02 per share, up 3.78% from $116.61 in 2023.
- Q4 net income of $21.8M ($31.11 per share) vs $21.4M ($28.55) in Q4 2023.
- Net interest margin of 4.05%; loan yield improved to 6.08% while cost of deposits rose to 1.35%.
- Total assets $5.37B; loans $3.68B; deposits $4.70B; no brokered deposits; net charge-offs $0.7M.
- Share repurchases: 48,173 shares in 2024; $19.9M remaining under current $55M buyback program.

## SEC filing metadata
- accession: 0001140361-25-001612
- form_type: 8-K
- ticker: FMCB
- cik: 0001085913
- company_name: FARMERS & MERCHANTS BANCORP
- filed_at: 2025-01-22T23:59:59+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/1085913/000114036125001612/0001140361-25-001612-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085913/000114036125001612/ef20041993_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-001612
- JSON: https://secwatch.observer/filing/0001140361-25-001612.json
- Plain text: https://secwatch.observer/filing/0001140361-25-001612.txt

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