---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-002410"
form_type: "8-K"
ticker: "FMFG"
cik: "0001698022"
company_name: "Farmers & Merchants Bancshares, Inc."
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:29:10.457875+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Farmers & Merchants Bancshares FY2025 net income $5.8M, EPS $1.81, up 35% YoY

## Summary
- Net income $5.8M ($1.81/share) for 2025 vs $4.3M ($1.37/share) in 2024, a 35% increase.
- Q4 2025 net income $1.7M ($0.53/share) vs $0.9M ($0.27/share) in Q4 2024.
- Net interest margin widened to 3.01% from 2.68%; loan portfolio grew 9% to $633.1M.
- Zero non-accrual loans; asset quality remains strong.
- Issued $12.5M subordinated debt in Sept 2025 to repay term loan and boost capital.

## SEC filing metadata
- accession: 0001437749-26-002410
- form_type: 8-K
- ticker: FMFG
- cik: 0001698022
- company_name: Farmers & Merchants Bancshares, Inc.
- filed_at: 2026-01-29T23:59:59+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/1698022/000143774926002410/0001437749-26-002410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698022/000143774926002410/fmfg20260129_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-002410
- JSON: https://secwatch.observer/filing/0001437749-26-002410.json
- Plain text: https://secwatch.observer/filing/0001437749-26-002410.txt

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