Farmers & Merchants Bancshares, INC 8-K filings

Farmers and Merchants Bancshares reported a net income of $1.22 million, or $0.39 per share, for the first quarter of 2024, down from $1.9 million, or $0.62 per share, in the same period last year, primarily due to increased interest expenses.

Farmers and Merchants Bancshares reported a decrease in net income for 2023, driven by higher interest expenses and a reduced net interest margin.