secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS & MERCHANTS BANCORP INC (FMAO)
CIK:        0000792966
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0001564590-22-014786
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers & Merchants Bancorp reports record Q1 net income of $8.1M, EPS $0.62
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- Net income rose 65% to $8.1M; EPS up 40.9% to $0.62 from $0.44 YoY.
- Total loans reached record $1.962B, up 46.3% YoY; organic loan growth 22% excluding acquisitions and PPP.
- Deposits grew 33.8% to record $2.254B; cost of interest-bearing liabilities improved to 0.45%.
- Nonperforming loans were 0.44% of total loans; net charge-offs to average loans were 0.00% for fourth straight quarter.
- Quarterly dividend increased 11.8% to $0.19 per share; 27 consecutive years of annual dividend growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792966/000156459022014786/0001564590-22-014786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792966/000156459022014786/fmao-8k_20220331.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-014786

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