---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-013241"
form_type: "8-K"
ticker: "FMFG"
cik: "0001698022"
company_name: "Farmers & Merchants Bancshares, Inc."
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:12:46.750462+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Farmers and Merchants Bancshares reports Q1 2026 EPS $0.56, net income up 57% YoY

## Summary
- Net income $1.8M ($0.56/share) for Q1 2026, up 57% from $1.2M ($0.37) in Q1 2025.
- Net interest income $6.8M, up 23% YoY due to higher yields and higher average earning assets.
- No provision for credit losses; zero non-accrual loans at March 31, 2026.
- Total assets $863.4M; deposits decreased $9.2M to $711.3M due to repayment of brokered CDs.
- Book value per share $20.43, tangible equity $59.1M; CEO expresses confidence for 2026.

## SEC filing metadata
- accession: 0001437749-26-013241
- form_type: 8-K
- ticker: FMFG
- cik: 0001698022
- company_name: Farmers & Merchants Bancshares, Inc.
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698022/000143774926013241/0001437749-26-013241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698022/000143774926013241/fmfg20260423_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-013241
- JSON: https://secwatch.observer/filing/0001437749-26-013241.json
- Plain text: https://secwatch.observer/filing/0001437749-26-013241.txt

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