---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-003257"
form_type: "8-K"
ticker: "FMCB"
cik: "0001085913"
company_name: "FARMERS & MERCHANTS BANCORP"
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:32:44.107039+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Farmers & Merchants Bancorp reports record 2025 net income of $93.6M, EPS up 10.69%

## Summary
- Record annual net income $93.6M (+$5.1M YoY); diluted EPS $133.96 (+10.69% YoY).
- Net interest margin improved to 4.15% from 4.05%; efficiency ratio 45.52% vs 46.24%.
- Total deposits grew 5.93% to $5.0B; loans held for investment $3.7B, down 0.62%.
- Non-performing loans 0.02% of total loans; allowance for credit losses 2.08% of loans.
- Tangible book value per share $907.24 (+13.33% YoY); total risk-based capital ratio 15.29%.

## SEC filing metadata
- accession: 0001140361-26-003257
- form_type: 8-K
- ticker: FMCB
- cik: 0001085913
- company_name: FARMERS & MERCHANTS BANCORP
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1085913/000114036126003257/0001140361-26-003257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085913/000114036126003257/ef20064573_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-003257
- JSON: https://secwatch.observer/filing/0001140361-26-003257.json
- Plain text: https://secwatch.observer/filing/0001140361-26-003257.txt

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