FMAO · Farmers & Merchants Bancorp Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.69M | - | $1.30M | $1.92M | $1.48M | - | $1.13M | $1.50M | $2.45M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $12.34M | - | $11.23M | $9.70M | $8.76M | - | $8.11M | $7.16M | $6.78M | - |
| Interest Expense | - | - | - | - | - | - | - | $19.79M | $18.54M | - |
| Income Tax | $2.76M | - | $2.38M | $1.99M | $1.81M | - | $1.59M | $1.48M | $1.42M | - |
| Net Income | $9.58M | - | $8.85M | $7.71M | $6.95M | - | $6.52M | $5.68M | $5.36M | - |
| EPS - Basic | $0.70 | - | $0.64 | $0.56 | $0.51 | - | $0.48 | $0.42 | $0.39 | - |
| EPS - Diluted | $0.70 | - | $0.64 | $0.56 | $0.51 | - | $0.48 | $0.42 | $0.39 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $3.49B | $3.43B | $3.39B | $3.35B | $3.39B | $3.36B | $3.39B | $3.32B | $3.29B | $3.28B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $3.11B | $3.06B | $3.03B | $2.99B | $3.04B | $3.03B | $3.05B | $3.00B | $2.97B | $2.97B |
| Stockholders' Equity | $375.95M | $370.86M | $361.78M | $350.79M | $344.60M | $335.21M | $335.38M | $322.66M | $317.69M | $316.54M |
| Retained Earnings | $264.61M | $257.86M | $251.18M | $244.87M | $240.08M | $235.85M | $230.47M | $226.43M | $223.65M | $221.08M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.65M | - | - | - | $11.01M | - | - | - | $1.48M | - |
| Investing Cash Flow | $23.71M | - | - | - | ($24.28M) | - | - | - | $42.35M | - |
| Financing Cash Flow | $44.40M | - | - | - | $9.96M | - | - | - | $1.75M | - |
| CapEx | $663.0K | - | - | - | $386.0K | - | - | - | $219.0K | - |
| Free Cash Flow | $6.99M | - | - | - | $10.62M | - | - | - | $1.26M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.73 | - | - | - | 1.53 | - | - | - | 0.24 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 22.4% | - | 21.2% | 20.5% | 20.6% | - | 19.6% | 20.6% | 20.9% | - |
| Return on assets | 0.3% | - | 0.3% | 0.2% | 0.2% | - | 0.2% | 0.2% | 0.2% | - |
| Return on equity | 2.5% | - | 2.4% | 2.2% | 2.0% | - | 1.9% | 1.8% | 1.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | 0.4x | 0.4x | - |
| Equity multiplier | 9.27 | 9.26 | 9.37 | 9.54 | 9.83 | 10.04 | 10.11 | 10.30 | 10.35 | 10.37 |
| Liabilities / Assets | 0.89 | 0.89 | 0.89 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 36.7x | - | 39.1x | 45.1x | 46.9x | - | 57.6x | 55.3x | 57.2x | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 40.8% | - | 38.5% | 35.5% | 29.2% | - | 37.5% | -5.0% | -15.8% | - |
| Net income growth (YoY) | 37.8% | - | 35.9% | 35.7% | 29.7% | - | 36.4% | -5.3% | -17.1% | - |
| EPS growth (YoY) | 37.3% | - | 33.3% | 33.3% | 30.8% | - | 37.1% | -4.5% | -17.0% | - |
| EPS CAGR (3y) | 14.2% | - | 6.5% | 8.4% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -34.2% | - | - | - | 740.4% | - | - | - | 96.3% | - |
| FCF CAGR (5y) | 2.7% | - | - | - | 20.2% | - | - | - | - | - |
| Book value growth (YoY) | 9.1% | 10.6% | 7.9% | 8.7% | 8.5% | 5.9% | 10.6% | 5.9% | 3.9% | 6.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$6.41M totalFinancial Service Other$4.99M · 77.9%
Bank Servicing$1.42M · 22.1%
Peer comparison
Same SIC group: Savings Institution, Federally Chartered
Comparing FARMERS & MERCHANTS BANCORP INC against the 5 most active filers in the same SIC group.
Dividends
$0.91/share trailing 12 months · +2.9% YoY
| Ex-date | Per share |
|---|---|
| Apr 2, 2026 | $0.2300 |
| Dec 29, 2025 | $0.2300 |
| Oct 10, 2025 | $0.2280 |
| Jul 7, 2025 | $0.2210 |
| Apr 4, 2025 | $0.2210 |
| Dec 27, 2024 | $0.2210 |
| Oct 4, 2024 | $0.2210 |
| Jul 5, 2024 | $0.2200 |
| Mar 27, 2024 | $0.2200 |
| Dec 28, 2023 | $0.2200 |
| Oct 5, 2023 | $0.2100 |
| Jul 6, 2023 | $0.2100 |
| Mar 30, 2023 | $0.2100 |
| Dec 29, 2022 | $0.2100 |
| Sep 23, 2022 | $0.2100 |
| Jul 7, 2022 | $0.2030 |
| Mar 31, 2022 | $0.1900 |
| Dec 27, 2021 | $0.1900 |
| Sep 27, 2021 | $0.1800 |
| Jun 25, 2021 | $0.1700 |
| Mar 30, 2021 | $0.1700 |
| Dec 28, 2020 | $0.1700 |
| Sep 28, 2020 | $0.1700 |
| Jun 26, 2020 | $0.1600 |