Farmers & Merchants Bancorp (FMCB)

FMCB Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	242.26	234.66	224.11	217.92	192.85	177.47
Revenue Growth	6.43%	4.71%	2.84%	13.00%	8.67%	10.67%
Net Income Net Income Growth	96.34	93.61	88.46	88.31	75.09	66.34
Earnings Per Share EPS Growth	139.59	133.96	121.02	116.61	96.55	84.01
EPS Growth	10.07%	10.69%	3.78%	20.78%	14.93%	13.48%

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	278.64	145.04	212.56	410.64	588.26	715.46
Total Debt Total Debt Growth	10.31	12.14	12.61	13.11	13.81	14.44
Net Cash (Debt) Net Cash Growth	268.33	132.89	199.95	397.53	574.45	701.02
Net Cash Growth	-4.72%	-33.54%	-49.70%	-30.80%	-18.06%	90.18%
Net Cash Per Share Net Cash Per Share Growth	388.79	190.18	273.57	524.91	738.62	887.76

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	116.91	104.19	103.74	93.35	101.78	59.96
Capital Expenditures CapEx Growth	-17.35	-7.58	-2.4	-4.97	-4.19	-2.07
Free Cash Flow Free Cash Flow Growth	99.56	96.62	101.34	88.38	97.59	57.89
Free Cash Flow Growth	-5.03%	-4.66%	14.67%	-9.44%	68.56%	14.85%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Profit Margin	39.77%	39.89%	39.47%	40.53%	38.94%	37.38%
FCF Margin	41.10%	41.17%	45.22%	40.55%	50.60%	32.62%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 22, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	21.400	19.350	18.100	17.100	16.150	15.300
Dividend Per Share Growth	-10.59%	6.91%	5.85%	5.88%	5.56%	3.73%
Dividend Yield	1.48%	1.76%	1.76%	1.70%	1.64%	1.73%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 22, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	10.33	8.29	8.39	8.96	10.74	11.42
P/FCF Ratio	9.74	8.03	7.32	8.96	8.27	13.09
PS Ratio	4.00	3.31	3.31	3.63	4.18	4.27

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 21, 2026

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