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FARMERS & MERCHANTS BANCORP INC
CIK 792966Updated Sep 27, 2026
SecurityFMAO · NASDAQ · equity
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Farmers & Merchants Bancorp, Inc. Reports 2026 First-Quarter Financial Results ↗
Recent filings
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Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,434,382,000Source | 3,364,723,000Source | 3,283,229,000Source | 3,015,351,000Source |
| Property, Plant and Equipment, NetUSD | 31,864,000Source | 33,828,000Source | 35,790,000Source | 28,381,000Source |
| GoodwillUSD | 86,358,000Source | 86,358,000Source | 86,358,000Source | 86,358,000Source |
| Operating Lease, Right-of-Use AssetUSD | 5,594,000Source | 6,403,000Source | 5,918,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,063,520,000Source | 3,029,512,000Source | 2,966,686,000Source | 2,717,211,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 135,531,000Source | 135,565,000Source | 135,515,000Source | 135,497,000Source |
| Retained Earnings (Accumulated Deficit)USD | 257,855,000Source | 235,854,000Source | 221,080,000Source | 212,449,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -11,888,000Source | -25,223,000Source | -29,012,000Source | -38,233,000Source |
| Stockholders' Equity Attributable to ParentUSD | 370,862,000Source | 335,211,000Source | 316,543,000Source | 298,140,000Source |
| Liabilities and EquityUSD | 3,434,382,000Source | 3,364,723,000Source | 3,283,229,000Source | 3,015,351,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 3,125,000Source | 2,996,000Source | 2,974,000Source | 2,832,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 33,309,000Source | 25,938,000Source | 22,787,000Source | 32,515,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,394,000Source | 1,361,000Source | 1,281,000Source | 899,000Source |
| Deferred Income Tax Expense (Benefit)USD | -126,000Source | 307,000Source | 2,228,000Source | 171,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 36,739,000Source | 32,474,000Source | 22,146,000Source | 40,669,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -138,703,000Source | -44,362,000Source | -194,088,000Source | -389,904,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,767,000Source | 1,871,000Source | 10,929,000Source | 2,600,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 362,000Source | 664,000Source | 218,000Source | 308,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 23,331,000Source | 46,038,000Source | 229,734,000Source | 252,821,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 12,085,000Source | 11,922,000Source | 11,335,000Source | 10,276,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -78,633,000Source | 34,150,000Source | 57,792,000Source | -96,414,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 69,906,000Source | 76,498,000Source | 55,119,000Source | 13,748,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 115,000Source | 116,000Source | 116,000Source | 115,000Source |
| Amortization of Intangible AssetsUSD | 1,657,000Source | 1,657,000Source | 1,657,000Source | 1,011,000Source |
| Bank Owned Life Insurance IncomeUSD | 1,370,000Source | 965,000Source | — | — |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | 0Source | 0Source | -891,000Source | — |
| DepreciationUSD | 3,600,000Source | 3,800,000Source | 3,400,000Source | 2,700,000Source |
| Depreciation, NonproductionUSD | 3,624,000Source | 3,774,000Source | 3,383,000Source | 2,739,000Source |
| Dividends PayableUSD | 3,125,000Source | 2,996,000Source | 2,974,000Source | 2,832,000Source |
| Equipment ExpenseUSD | 5,576,000Source | 5,264,000Source | 5,022,000Source | 4,207,000Source |
| Gain (Loss) on Sale of DerivativesUSD | 66,000Source | 59,000Source | 40,000Source | — |
| Gain (Loss) on Disposition of Other AssetsUSD | -41,000Source | 71,000Source | -135,000Source | 259,000Source |
| Gain (Loss) on Sales of Loans, NetUSD | 1,291,000Source | 859,000Source | 699,000Source | 1,353,000Source |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | — | — | 22,000,000Source | — |
| GoodwillUSD | 86,358,000Source | 86,358,000Source | 86,358,000Source | 86,358,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | 0Source | 0Source | — | — |
| Income Tax Expense (Benefit)USD | 9,216,000Source | 6,635,000Source | 5,567,000Source | 7,960,000Source |
| Net Income (Loss) Attributable to ParentUSD | 33,309,000Source | 25,938,000Source | 22,787,000Source | 32,515,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 32,902,000Source | 25,433,000Source | 22,539,000Source | 32,231,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 69,700,000Source | 34,759,000Source | 24,021,000Source | 31,064,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 2,596,000Source | 944,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Selling, General and Administrative ExpenseUSD | 5,937,000Source | 5,421,000Source | 10,638,000Source | 9,577,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 42,525,000Source | 32,573,000Source | 28,354,000Source | 40,475,000Source |
| Income Tax Expense (Benefit)USD | 9,216,000Source | 6,635,000Source | 5,567,000Source | 7,960,000Source |
| Net Income (Loss) Attributable to ParentUSD | 33,309,000Source | 25,938,000Source | 22,787,000Source | 32,515,000Source |
| Earnings Per Share, BasicUSD per share | 2.43Source | 1.9Source | 1.67Source | 2.46Source |
| Earnings Per Share, DilutedUSD per share | 2.43Source | 1.9Source | 1.67Source | 2.46Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 13,559,873Source | 13,418,729Source | 13,492,903Source | 13,091,422Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,657,000Source | 1,657,000Source | 1,657,000Source | 1,011,000Source |
| Bank Owned Life Insurance IncomeUSD | 1,370,000Source | 965,000Source | — | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.9Source | 0.88Source | 0.85Source | 0.81Source |
| Current Income Tax Expense (Benefit)USD | 9,342,000Source | 6,328,000Source | 3,339,000Source | 7,789,000Source |
| Equipment ExpenseUSD | 5,576,000Source | 5,264,000Source | 5,022,000Source | 4,207,000Source |
| Interest ExpenseUSD | — | — | 58,411,000Source | 14,362,000Source |
| InterestExpenseOperatingUSD | 69,252,000Source | 77,660,000Source | — | — |
| Interest Income (Expense), NetUSD | 104,292,000Source | 85,912,000Source | 81,397,000Source | 86,787,000Source |
| Interest Income, OtherUSD | 3,432,000Source | 9,741,000Source | 3,850,000Source | 906,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 32,902,000Source | 25,433,000Source | 22,539,000Source | 32,231,000Source |
| Taxes, MiscellaneousUSD | 1,588,000Source | 1,542,000Source | 1,487,000Source | 1,384,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 254,000Source | 362,000Source | 120,000Source | 187,000Source |