---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-031730"
form_type: "8-K"
ticker: "FMFG"
cik: "0001698022"
company_name: "Farmers & Merchants Bancshares, Inc."
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:41:41.019681+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Farmers & Merchants Bancshares Q3 EPS $0.36 vs $0.46 YoY; 9-month EPS $1.09 vs $1.63

## Summary
- Nine-month net income $3.42M ($1.09/sh) down 31.6% from $5.00M ($1.63/sh) YoY on higher interest expense.
- Q3 net income $1.12M ($0.36/sh) vs $1.43M ($0.46/sh); ROE 8.05%, ROA 0.56% vs 11.54% and 0.77%.
- Loan portfolio grew 12.5% annualized to $572M; NIM compressed to 2.67% from 3.04%; no credit loss provision.
- Book value $18.81/sh (up from $16.74); tangible equity $52M; BTFP borrowings $54M; core conversion Oct 28.

## SEC filing metadata
- accession: 0001437749-24-031730
- form_type: 8-K
- ticker: FMFG
- cik: 0001698022
- company_name: Farmers & Merchants Bancshares, Inc.
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1698022/000143774924031730/0001437749-24-031730-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698022/000143774924031730/fmfg20241022_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-031730
- JSON: https://secwatch.observer/filing/0001437749-24-031730.json
- Plain text: https://secwatch.observer/filing/0001437749-24-031730.txt

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