secwatch.observer — SEC 8-K summary
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Issuer:     Farmers & Merchants Bancshares, Inc. (FMFG)
CIK:        0001698022
Form:       8-K
Filed at:   2026-04-24T23:59:59+00:00
Accession:  0001437749-26-013241
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698022/000143774926013241/0001437749-26-013241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698022/000143774926013241/fmfg20260423_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-013241

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