---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-031752"
form_type: "8-K"
ticker: "FMFG"
cik: "0001698022"
company_name: "Farmers & Merchants Bancshares, Inc."
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:11:55.436004+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Farmers & Merchants Bancshares Q3 net income $1.7M ($0.53 EPS); 9-month $4.1M ($1.28 EPS)

## Summary
- Net income for 9 months ended Sep 30, 2025: $4.1M vs $3.4M YoY; basic EPS $1.28 vs $1.09.
- Q3 2025 net income $1.7M ($0.53 EPS) vs $1.1M ($0.36 EPS) in Q3 2024.
- Net interest income increased $2.4M in 9 months; net yield on earning assets widened to 2.98% from 2.67%.
- Loans net of allowance grew $39.5M to $622.5M; zero non-accrual loans at Sep 30, 2025.
- Issued $12.5M subordinated debt in Sep 2025 to repay term loan and bolster bank capital.

## SEC filing metadata
- accession: 0001437749-25-031752
- form_type: 8-K
- ticker: FMFG
- cik: 0001698022
- company_name: Farmers & Merchants Bancshares, Inc.
- filed_at: 2025-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698022/000143774925031752/0001437749-25-031752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698022/000143774925031752/fmfg20251024_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-031752
- JSON: https://secwatch.observer/filing/0001437749-25-031752.json
- Plain text: https://secwatch.observer/filing/0001437749-25-031752.txt

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