---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-023317"
form_type: "8-K"
ticker: "FMFG"
cik: "0001698022"
company_name: "Farmers & Merchants Bancshares, Inc."
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:31:25.874367+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Farmers & Merchants Bancshares Q2 net income $1.2M, EPS $0.38; NIM expands to 2.92%

## Summary
- Net income for H1 2025: $2.4M ($0.74/share), flat vs H1 2024; Q2 net income $1.2M ($0.38) vs $1.1M ($0.35) in Q2 2024.
- Net interest margin widened to 2.92% from 2.70% on higher loan yields; provision of $268k recorded vs $0 in prior year (one loan write-down).
- Loans grew $32.5M net in H1 to $615.5M; deposits decreased $9.9M to $748.9M. Tangible equity $53.2M; book value $18.97/share.
- CEO cites strong loan growth and moderating funding costs; asset quality remains high with few delinquencies.

## SEC filing metadata
- accession: 0001437749-25-023317
- form_type: 8-K
- ticker: FMFG
- cik: 0001698022
- company_name: Farmers & Merchants Bancshares, Inc.
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698022/000143774925023317/0001437749-25-023317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698022/000143774925023317/fmfg20250723_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-023317
- JSON: https://secwatch.observer/filing/0001437749-25-023317.json
- Plain text: https://secwatch.observer/filing/0001437749-25-023317.txt

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