FMAO
FARMERS & MERCHANTS BANCORP INC
NASDAQ · Financial Services · Banks - Regional · US
$37.48
+3.02%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 199.0M | 189.1M | 176.6M | 152.0M | 113.7M |
| Cost of Revenue | 68.0M | 71.3M | 77.9M | 60.2M | 19.0M |
| Gross Profit | 131.0M | 117.8M | 98.6M | 91.9M | 94.7M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 33.7M | 10.1M | 48.4M | 45.4M | 38.0M |
| General & Admin Expense | 31.7M | 7.9M | 46.2M | 42.8M | 36.4M |
| Selling & Marketing Expense | 2.0M | 2.2M | 2.1M | 2.6M | 1.6M |
| Other Expenses | 43.1M | 65.2M | 17.7M | 18.1M | 16.2M |
| Total Operating Expenses | 76.8M | 75.2M | 66.1M | 63.5M | 54.2M |
| Cost and Expenses | 144.8M | 146.6M | 144.0M | 123.7M | 73.2M |
| Operating Income (EBIT) | 54.1M | 42.5M | 32.6M | 28.4M | 40.5M |
| Non-Operating | |||||
| Interest Income | 180.5M | 173.5M | 162.2M | 138.9M | 100.8M |
| Interest Expense | 66.4M | 69.3M | 77.7M | 58.4M | 14.4M |
| Net Interest Income | 114.1M | 104.3M | 84.6M | 80.5M | 86.5M |
| Other Non-Op Income/Expense | — | — | — | — | — |
| Non-Operating Income (excl Interest) | (17.1M) | — | — | — | — |
| EBT (Pre-Tax Income) | 54.1M | 42.5M | 32.6M | 28.4M | 40.5M |
| Income Tax Expense | 11.4M | 9.2M | 6.6M | 5.6M | 8.0M |
| Bottom Line | |||||
| Net Income | 42.7M | 33.3M | 25.9M | 22.8M | 32.5M |
| Earnings from Cont. Ops | 42.7M | 33.3M | 25.9M | 22.8M | 32.5M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 42.7M | 46.6M | 25.4M | 22.5M | 32.2M |
| Per Share | |||||
| Basic EPS | $3.11 | $3.41 | $1.90 | $1.67 | $2.46 |
| Diluted EPS | $3.11 | $3.41 | $1.90 | $1.67 | $2.46 |
| Revenue Per Share | $14.44 | $13.84 | $13.16 | $11.15 | $8.68 |
| Shares | |||||
| Basic Shares Outstanding | 13.8M | 13.7M | 13.4M | 13.6M | 13.1M |
| Diluted Shares Outstanding | 13.8M | 13.7M | 13.4M | 13.6M | 13.1M |
| Profitability Metrics | |||||
| EBITDA | 76.3M | 49.5M | 38.9M | 34.1M | 44.5M |
| D&A | 5.1M | 7.0M | 6.4M | 5.8M | 4.0M |
| EBIT | 71.2M | 42.5M | 32.6M | 28.4M | 40.5M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026