Farmers & Merchants Bancorp (FMCB)

FMCB Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	223.99	223.27	204.48	164.02	147.21	143.38
Interest Income on Investments	48.71	48.71	49.27	34.39	18.06	15.91
Total Interest Income	272.7	271.98	253.75	198.41	165.27	159.29
Interest Paid on Deposits	59.66	63.44	37.52	4.35	4.02	9.11
Interest Paid on Borrowings	1.86	1.86	0.85	0.49	0.32	0.38
Total Interest Expense	61.51	65.3	38.37	4.84	4.33	9.49
Net Interest Income	211.19	206.68	215.39	193.57	160.94	149.8
Net Interest Income Growth (YoY)	0.69%	-4.04%	11.27%	20.28%	7.43%	5.92%
Gain (Loss) on Sale of Investments	0.74	0.74	-8.2	-10.69	2.55	0.04
Other Non-Interest Income	14.33	13.63	17.38	13.62	12.92	12.38
Total Non-Interest Income	18.13	17.43	11.94	5.73	18.44	15.05
Non-Interest Income Growth (YoY)	40.80%	45.98%	108.49%	-68.95%	22.51%	-7.80%
Revenues Before Loan Losses	229.32	224.11	227.33	199.3	179.38	164.86
Provision for Loan Losses	1.7	-	9.41	6.45	1.91	4.5
Revenue	227.62	224.11	217.92	192.85	177.47	160.36
Revenue Growth (YoY)	4.77%	2.84%	13.00%	8.67%	10.67%	1.78%
Salaries and Employee Benefits	72.47	72.47	70.88	64.25	63.86	56.95
Occupancy Expenses	-	-	-	-	-	3.81
Federal Deposit Insurance	2.85	2.85	2.77	1.77	1.5	0.52
Selling, General & Administrative	16.7	16.7	14.35	13.47	12.09	6.88
Other Non-Interest Expense	11.06	9.84	13.36	13.62	11.7	14.26
Total Non-Interest Expense	103.08	101.86	101.37	93.11	89.15	82.41
EBT Excluding Unusual Items	124.54	122.24	116.55	99.74	88.32	77.95
Pretax Income	124.54	122.24	116.55	99.74	88.32	77.95
Income Tax Expense	34.51	33.79	28.24	24.65	21.99	19.22
Net Income	90.03	88.46	88.31	75.09	66.34	58.73
Net Income to Common	90.03	88.46	88.31	75.09	66.34	58.73
Net Income Growth	2.37%	0.16%	17.61%	13.20%	12.94%	4.81%
Basic Shares Outstanding	1	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1	1
Shares Change (YoY)	-4.99%	-3.49%	-2.62%	-1.51%	-0.46%	0.78%
EPS (Basic)	126.96	121.02	116.61	96.55	84.01	74.03
EPS (Diluted)	126.82	121.02	116.61	96.55	84.01	74.03
EPS Growth	7.75%	3.78%	20.78%	14.93%	13.48%	4.00%
Dividend Per Share	18.600	18.100	17.100	16.150	15.300	14.750
Dividend Growth	5.68%	5.85%	5.88%	5.56%	3.73%	3.87%
Effective Tax Rate	27.71%	27.64%	24.23%	24.71%	24.89%	24.65%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.