Farmers & Merchants Bancorp (FMCB)

FMCB Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	265.69	199.3	179.38	163.08	155.13
Revenue Growth (YoY)	33.31%	11.11%	9.99%	5.12%	11.10%
Cost of Revenue	-2.97	0	0	0	0
Gross Profit	268.67	199.3	179.38	163.08	155.13
Selling, General & Admin	75.54	67.02	66.19	58.39	57.13
Other Operating Expenses	-25.65	-24.14	-157.25	-143.52	-136.95
Operating Expenses	25.65	1.32	-91.06	-85.13	-79.82
Operating Income	268.67	104.58	88.32	77.95	75.31
Interest Income	253.75	198.41	165.27	158.65	153.71
Interest Expense	0.85	4.84	4.33	9.49	13.19
Other Expense / Income	405.02	198.41	160.94	149.16	140.51
Pretax Income	116.55	99.74	88.32	77.95	75.31
Income Tax	28.24	24.65	21.99	19.22	19.28
Net Income	88.31	75.09	66.34	58.73	56.04
Net Income Growth	17.61%	13.20%	12.94%	4.81%	23.08%
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
Shares Change	-2.62%	-1.51%	-0.47%	0.78%	-1.75%
EPS (Basic)	116.61	96.55	84.01	74.03	71.18
EPS (Diluted)	116.61	96.55	84.01	74.03	71.18
EPS Growth	20.78%	14.93%	13.48%	4.00%	25.27%
Free Cash Flow	88.38	97.59	57.89	50.41	65.32
Free Cash Flow Per Share	116.69	125.48	73.32	63.54	82.98
Gross Margin	101.12%	100.00%	100.00%	100.00%	100.00%
Operating Margin	101.12%	52.47%	49.24%	47.80%	48.55%
Profit Margin	33.24%	37.68%	36.98%	36.02%	36.12%
Free Cash Flow Margin	33.26%	48.97%	32.27%	30.91%	42.11%
Effective Tax Rate	24.23%	24.72%	24.89%	24.65%	25.60%
EBITDA	2.49	107.01	90.95	81.35	78.71
EBITDA Margin	0.94%	53.69%	50.70%	49.88%	50.74%
Depreciation & Amortization	2.49	2.43	2.63	3.4	3.4
EBIT	0	104.58	88.32	77.95	75.31
EBIT Margin	-	52.47%	49.24%	47.80%	48.55%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.