Farmers & Merchants Bancorp, Inc. (FMAO)

FMAO 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
Net Interest Income	94.04	85.91	81.4	86.79	69.5	59.78
Net Interest Income Growth	15.97%	5.55%	-6.21%	24.88%	16.26%	11.63%
Non-Interest Income	16.07	15.62	15.91	15.8	17.61	16.79
Non-Interest Income Growth	5.72%	-1.79%	0.69%	-10.30%	4.90%	42.02%
Revenues Before Loan Losses	110.11	101.53	97.3	102.58	87.11	76.56
Provision for Credit Losses	2.1	0.94	1.7	4.6	3.44	6.98
Revenue	108.01	100.59	95.6	97.98	83.66	69.58
Revenue Growth (YoY)	13.41%	5.21%	-2.43%	17.12%	20.24%	8.33%
Compensation Expenses	39.11	38.71	34.44	29.6	27.51	24.09
Selling, General & Admin	25.32	22.77	25.85	23.27	22.1	17.27
Other Non-Interest Expenses	7.09	7.21	6.92	4.64	4.56	3.02
Total Non-Interest Expense	71.52	68.69	67.2	57.51	54.17	44.38
Pretax Income	36.49	31.9	28.4	40.48	29.5	25.21
Provision for Income Taxes	7.54	6.64	5.57	7.96	6	5.11
Net Income	29.56	25.94	22.79	32.52	23.5	20.1
Net Income to Common	29.56	25.94	22.79	32.52	23.5	20.1
Net Income Growth	38.38%	13.83%	-29.92%	38.39%	16.92%	9.20%
Shares Outstanding (Basic)	13	13	13	13	12	11
Shares Outstanding (Diluted)	13	13	13	13	12	11
Shares Change (YoY)	-0.79%	-0.55%	3.07%	13.15%	3.80%	1.05%
EPS (Basic)	2.16	1.90	1.67	2.46	2.01	1.80
EPS (Diluted)	2.16	1.90	1.67	2.46	2.01	1.80
EPS Growth	37.58%	13.77%	-32.11%	22.39%	11.67%	8.43%
Free Cash Flow	31.2	30.6	11.22	38.07	32.78	24.16
Free Cash Flow Growth	1.93%	172.83%	-70.53%	16.15%	35.66%	18.31%
Free Cash Flow Per Share	2.32	2.28	0.83	2.91	2.83	2.17
Dividends Per Share	0.885	0.882	0.850	0.800	0.710	0.660
Dividend Growth	0.28%	3.82%	6.25%	12.68%	7.58%	8.20%
Profit Margin	27.21%	25.62%	23.85%	33.18%	28.08%	28.88%
FCF Margin	28.72%	30.22%	11.74%	38.85%	39.18%	34.72%
EBITDA	7.06	7.58	7.39	6.22	7.24	5.59
EBITDA Margin	6.50%	7.48%	7.73%	6.35%	8.66%	8.03%
Effective Tax Rate	20.30%	20.37%	19.63%	19.67%	20.35%	20.28%

Updated Jul 28, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q