Farmers & Merchants Bancorp, Inc. (FMAO)

FMAO Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	35.94	33.31	25.94	22.79	32.52	23.5
Depreciation & Amortization	7.24	6.99	6.37	5.77	4.02	4.99
Provision for Credit Losses	1.85	2.09	0.27	1.74	4.6	3.44
Stock-Based Compensation	1.47	1.58	1.55	1.46	1.02	0.9
Net Change in Loans Held-for-Sale	-1.67	0.35	-1.49	-0.05	8.24	3.92
Other Adjustments	-6.39	-6.14	-3.94	-2.98	-5	-6.59
Changes in Other Operating Activities	-5.02	-1.45	3.78	-6.59	-4.73	4.59
Operating Cash Flow	33.38	36.74	32.47	22.15	40.67	34.74
Operating Cash Flow Growth	-20.52%	13.13%	46.64%	-45.55%	17.06%	26.88%
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	0.74	0.98	0.26	1.7	6.47	20.22
Net Change in Loans Held-for-Investment	-99.54	-149.62	21.17	-219.33	-395.61	-167.87
Net Change in Securities and Investments	17.09	22.7	-64.01	34.25	-7.68	-104.18
Payments for Business Acquisitions	-	-	-	-	-	-12.59
Proceeds from Business Divestments	-	-	-	-	9.07	0.23
Capital Expenditures	-2.04	-1.77	-1.87	-10.93	-2.6	-1.97
Other Investing Activities	2.67	-11	0.09	0.22	0.44	0.46
Investing Cash Flow	-90.72	-138.7	-44.36	-194.09	-389.9	-265.69
Net Change in Deposits	109.38	43.97	79.3	138.94	165.86	170.79
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	-12.5	10.5	-1	-25.99	24.94	-0.97
Short-Term Debt Issued	72.18	40	15	324	140	-
Short-Term Debt Repaid	-98.68	-58.69	-34.68	-185.66	-37.39	-0.16
Net Short-Term Debt Issued (Repaid)	-26.5	-18.69	-19.68	138.34	102.61	-0.16
Long-Term Debt Issued	-	-	-	-10	-30	74.42
Net Long-Term Debt Issued (Repaid)	-	-	-	-10	-30	74.42
Repurchase of Common Stock	-0.4	-0.36	-0.66	-0.22	-0.31	-0.34
Net Common Stock Issued (Repurchased)	-0.4	-0.36	-0.66	-0.22	-0.31	-0.34
Common Dividends Paid	-12.21	-12.09	-11.92	-11.34	-10.28	-7.67
Financing Cash Flow	57.77	23.33	46.04	229.73	252.82	236.07
Net Cash Flow	0.43	-78.63	34.15	57.79	-96.41	5.12
Free Cash Flow	31.34	34.97	30.6	11.22	38.07	32.78
Free Cash Flow Growth	-10.39%	14.28%	172.83%	-70.53%	16.15%	35.66%
FCF Margin	25.39%	29.31%	30.22%	11.74%	38.85%	39.18%
Free Cash Flow Per Share	2.29	2.58	2.28	0.83	2.91	2.83
Levered Free Cash Flow	9.61	18.39	14.54	139.38	101.81	105.37
Unlevered Free Cash Flow	0.18	3.77	8.28	-11.74	-3.31	7.61

Updated Apr 29, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q