secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001140361-25-001612
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 full year 2024 net income of $88.5M, EPS up 3.78%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036125001612/0001140361-25-001612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036125001612/ef20041993_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-001612

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