Farmers & Merchants Bancorp (FMCB)

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
Interest Income on Loans	225.95	223.27	204.48	164.02	147.21	143.38
Interest Income on Investments	48.71	48.71	49.27	34.39	18.06	15.91
Total Interest Income	274.66	271.98	253.75	198.41	165.27	159.29
Interest Paid on Deposits	58.19	63.44	37.52	4.35	4.02	9.11
Interest Paid on Borrowings	1.86	1.86	0.85	0.49	0.32	0.38
Total Interest Expense	60.05	65.3	38.37	4.84	4.33	9.49
Net Interest Income	214.62	206.68	215.39	193.57	160.94	149.8
Net Interest Income Growth (YoY)	3.04%	-4.04%	11.27%	20.28%	7.43%	5.92%
Gain (Loss) on Sale of Investments	0.74	0.74	-8.2	-10.69	2.55	0.04
Other Non-Interest Income	14.92	13.63	17.38	13.62	12.92	12.38
Total Non-Interest Income	18.72	17.43	11.94	5.73	18.44	15.05
Non-Interest Income Growth (YoY)	20.36%	45.98%	108.49%	-68.95%	22.51%	-7.80%
Revenues Before Loan Losses	233.33	224.11	227.33	199.3	179.38	164.86
Provision for Loan Losses	2.4	-	9.41	6.45	1.91	4.5
Revenue	230.93	224.11	217.92	192.85	177.47	160.36
Revenue Growth (YoY)	4.26%	2.84%	13.00%	8.67%	10.67%	1.78%
Salaries and Employee Benefits	72.47	72.47	70.88	64.25	63.86	56.95
Occupancy Expenses	-	-	-	-	-	3.81
Federal Deposit Insurance	2.85	2.85	2.77	1.77	1.5	0.52
Selling, General & Administrative	16.7	16.7	14.35	13.47	12.09	6.88
Other Non-Interest Expense	12.25	9.84	13.36	13.62	11.7	14.26
Total Non-Interest Expense	104.27	101.86	101.37	93.11	89.15	82.41
EBT Excluding Unusual Items	126.66	122.24	116.55	99.74	88.32	77.95
Pretax Income	126.66	122.24	116.55	99.74	88.32	77.95
Income Tax Expense	35.03	33.79	28.24	24.65	21.99	19.22
Net Income	91.63	88.46	88.31	75.09	66.34	58.73
Net Income to Common	91.63	88.46	88.31	75.09	66.34	58.73
Net Income Growth	4.08%	0.16%	17.61%	13.20%	12.94%	4.81%
Basic Shares Outstanding	1	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1	1
Shares Change (YoY)	-5.78%	-3.49%	-2.62%	-1.51%	-0.46%	0.78%
EPS (Basic)	131.33	121.02	116.61	96.55	84.01	74.03
EPS (Diluted)	130.83	121.02	116.61	96.55	84.01	74.03
EPS Growth	10.46%	3.78%	20.78%	14.93%	13.48%	4.00%
Dividend Per Share	23.600	18.100	17.100	16.150	15.300	14.750
Dividend Growth	34.09%	5.85%	5.88%	5.56%	3.73%	3.87%
Effective Tax Rate	27.66%	27.64%	24.23%	24.71%	24.89%	24.65%

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