FMFG · Farmers & Merchants Bancshares, 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 | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $2.46M | - | $2.17M | $1.48M | $1.48M | - | $1.46M | $1.38M | $1.57M | - |
| Interest Expense | - | - | - | - | - | - | - | - | $3.89M | - |
| Income Tax | $636.0K | - | $462.0K | $280.0K | $316.0K | - | $341.5K | $305.6K | $346.2K | - |
| Net Income | $1.82M | - | $1.71M | $1.20M | $1.16M | - | $1.12M | $1.08M | $1.22M | - |
| EPS - Basic | $0.56 | - | $0.53 | $0.38 | $0.37 | - | $0.36 | $0.35 | $0.39 | - |
| EPS - Diluted | $0.56 | - | $0.53 | $0.38 | $0.37 | - | $0.36 | $0.54 | $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 | $862.93M | $871.96M | $869.63M | $842.22M | $817.56M | $844.64M | $817.53M | $798.56M | $794.59M | $799.94M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $12.05M | $12.04M | $12.02M | $10.39M | $10.86M | $11.33M | $11.80M | $12.27M | $12.74M | $13.21M |
| Total Liabilities | $796.83M | $807.30M | $806.47M | $781.97M | $759.01M | $788.37M | $758.37M | $744.01M | $741.52M | $747.76M |
| Stockholders' Equity | $66.10M | $64.66M | $63.16M | $60.25M | $58.55M | $56.27M | $59.16M | $54.54M | $53.08M | $52.18M |
| Retained Earnings | $47.03M | $45.21M | $44.60M | $43.98M | $42.78M | $41.61M | $41.83M | $40.70M | $40.65M | $39.43M |
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 | $1.95M | - | - | - | $590.0K | - | - | - | $484.3K | - |
| Investing Cash Flow | $10.13M | - | - | - | ($13.79M) | - | - | - | ($13.93M) | - |
| Financing Cash Flow | ($10.03M) | - | - | - | ($28.76M) | - | - | - | ($5.62M) | - |
| CapEx | $44.0K | - | - | - | $106.0K | - | - | - | $817.0K | - |
| Free Cash Flow | $1.91M | - | - | - | $484.0K | - | - | - | ($332.7K) | - |
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 | 1.05 | - | - | - | 0.42 | - | - | - | -0.27 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 25.8% | - | 21.3% | 18.9% | 21.3% | - | 23.3% | 22.1% | 22.1% | - |
| Return on assets | 0.2% | - | 0.2% | 0.1% | 0.1% | - | 0.1% | 0.1% | 0.2% | - |
| Return on equity | 2.8% | - | 2.7% | 2.0% | 2.0% | - | 1.9% | 2.0% | 2.3% | - |
| Return on invested capital | 2.3% | - | 2.3% | 1.7% | 1.7% | - | 1.6% | 1.6% | 1.9% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.18 | 0.19 | 0.19 | 0.17 | 0.19 | 0.20 | 0.20 | 0.22 | 0.24 | 0.25 |
| Debt / Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | 0.4x | - |
| Equity multiplier | 13.05 | 13.49 | 13.77 | 13.98 | 13.96 | 15.01 | 13.82 | 14.64 | 14.97 | 15.33 |
| Liabilities / Assets | 0.92 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 30.7x | - | 31.9x | 44.1x | 41.4x | - | 45.8x | 25.5x | 43.5x | - |
| P / B | 0.8x | - | 0.9x | 0.9x | 0.8x | - | 0.9x | 0.8x | 1.0x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 66.2% | - | 48.0% | 6.9% | -5.4% | - | -22.9% | -37.5% | -38.6% | - |
| Net income growth (YoY) | 56.7% | - | 51.9% | 11.1% | -4.5% | - | -21.6% | -35.4% | -35.8% | - |
| EPS growth (YoY) | 51.4% | - | 47.2% | -29.6% | -5.1% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 294.6% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | -9.2% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 12.9% | 14.9% | 6.8% | 10.5% | 10.3% | 7.8% | 22.6% | 10.2% | 4.6% | 9.2% |
Peer comparison
Same SIC group: Savings Institutions, Not Federally Chartered
Comparing Farmers & Merchants Bancshares against the 5 most active filers in the same SIC group.
Dividends
$1.04/share trailing 12 months · +205.9% YoY
| Ex-date | Per share |
|---|---|
| Jun 2, 2026 | $0.3600 |
| Dec 5, 2025 | $0.3400 |
| Jul 11, 2025 | $0.3400 |
| Dec 3, 2024 | $0.3400 |
| Jun 3, 2024 | $0.3300 |
| Nov 30, 2023 | $0.3300 |
| Jun 1, 2023 | $0.3300 |
| Dec 1, 2022 | $0.3200 |
| Jun 2, 2022 | $0.3100 |
| Dec 2, 2021 | $0.2900 |
| Jun 3, 2021 | $0.2800 |
| Dec 3, 2020 | $0.2600 |
| Jun 4, 2020 | $0.2600 |
| Dec 5, 2019 | $0.2600 |
| Jun 6, 2019 | $0.2516 |
| Dec 6, 2018 | $0.2459 |
| Dec 5, 2017 | $0.2230 |
| Dec 7, 2016 | $0.2058 |
| Jun 1, 2016 | $0.1944 |
| Nov 27, 2015 | $0.1887 |
| Jun 3, 2015 | $0.1772 |
| Nov 26, 2014 | $0.1715 |
| Jun 4, 2014 | $0.1658 |
| Nov 29, 2013 | $0.1601 |