secwatch.observer — SEC 8-K summary
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Issuer:     Farmers & Merchants Bancshares, Inc. (FMFG)
CIK:        0001698022
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001437749-24-031730
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698022/000143774924031730/0001437749-24-031730-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698022/000143774924031730/fmfg20241022_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-031730

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