Farmers & Merchants Bancorp (FMCB)

FMCB Cash Flow 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	91.63	88.46	88.31	75.09	66.34	58.73
Depreciation & Amortization	3.06	2.94	2.49	2.43	2.63	2.77
Gain (Loss) on Sale of Investments	-1.33	-2.12	8.09	11.07	-1.11	1.12
Provision for Credit Losses	2.4	-	9.41	6.45	1.91	4.5
Change in Other Net Operating Assets	-4.06	8.77	-2.98	4.65	-6.75	-4.95
Other Operating Activities	3.81	5.69	-11.98	2.1	-3.06	-4.05
Operating Cash Flow	103.7	103.74	93.35	101.78	59.96	58.12
Operating Cash Flow Growth	15.81%	11.13%	-8.28%	69.73%	3.17%	-28.12%
Capital Expenditures	-6.33	-2.4	-4.97	-4.19	-2.07	-7.71
Sale of Property, Plant and Equipment	0.06	-	0.03	0.07	1.7	0.08
Investment in Securities	-428.3	-251.12	10.35	-36.73	-158.56	-302.08
Net Decrease (Increase) in Loans Originated / Sold - Investing	93.65	-24.34	-156.43	-275.06	-137.22	-427.05
Other Investing Activities	-0	3.28	4.48	0.61	-	-
Investing Cash Flow	-340.93	-274.58	-146.55	-315.3	-296.15	-736.75
Repurchase of Common Stock	-42.92	-45.26	-20.36	-20.31	-	-2.83
Common Dividends Paid	-16.87	-13.02	-12.89	-12.49	-12.08	-11.7
Net Increase (Decrease) in Deposit Accounts	176.33	31.04	-91.17	119.12	579.89	782.25
Financing Cash Flow	116.54	-27.23	-124.42	86.32	567.81	767.71
Net Cash Flow	-120.68	-198.08	-177.62	-127.2	331.62	89.08
Free Cash Flow	97.37	101.34	88.38	97.59	57.89	50.41
Free Cash Flow Growth	11.09%	14.67%	-9.44%	68.56%	14.85%	-22.83%
Free Cash Flow Margin	42.16%	45.22%	40.55%	50.60%	32.62%	31.44%
Free Cash Flow Per Share	139.03	138.64	116.69	125.48	73.32	63.54
Cash Interest Paid	99.95	65.09	29.28	5.79	4.37	10.9
Cash Income Tax Paid	14.15	8.39	12.66	12.47	29.94	9.58

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