FMAO
Farmers & Merchants Bancorp, Inc.
NASDAQ · USFinancial ServicesBanks - Regional
$30.78+0.69%
Price as of Jul 20, 2026
FMAO financials
Farmers & Merchants Bancorp, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $189.1M | $176.6M | $152.0M | $113.7M |
| Cost of revenue | $71.3M | $77.9M | $60.2M | $19.0M |
| Gross profit | $117.8M | $98.6M | $91.9M | $94.7M |
| Operating expenses | $75.2M | $66.1M | $63.5M | $54.2M |
| Operating income | $42.5M | $32.6M | $28.4M | $40.5M |
| Net income | $33.3M | $25.9M | $22.8M | $32.5M |
| EBITDA | $49.5M | $38.9M | $34.1M | $44.5M |
| Basic EPS | $3.40 | $1.90 | $1.67 | $2.46 |
| Diluted EPS | $3.41 | $1.90 | $1.67 | $2.46 |
| Balance sheet | ||||
| Cash & equivalents | $98.7M | $177.3M | $143.7M | $87.5M |
| Total assets | $3.4B | $3.4B | $3.3B | $3.0B |
| Total liabilities | $3.1B | $3.0B | $3.0B | $2.7B |
| Stockholders’ equity | $370.9M | $335.2M | $316.5M | $298.1M |
| Total debt | $300.0M | $308.1M | $328.7M | $226.3M |
| Net debt | $201.3M | $130.8M | $185.0M | $138.8M |
| Cash flow | ||||
| Operating cash flow | $36.4M | $32.5M | $22.1M | $40.7M |
| Capital expenditure | -$1.8M | -$1.9M | -$10.9M | -$2.6M |
| Free cash flow | $34.6M | $30.6M | $11.2M | $38.1M |
| Dividends paid | -$12.1M | -$11.9M | -$11.3M | -$10.3M |
| Share repurchases | -$362.0K | -$664.0K | -$218.0K | -$308.0K |