secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP (FMCB)
CIK:        0001085913
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001140361-26-003257
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085913/000114036126003257/0001140361-26-003257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085913/000114036126003257/ef20064573_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-003257

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer