Revenue
Unavailable
Fiscal year ended 2025-12-31Net income
$33.31M
Fiscal year ended 2025-12-31Total assets
$3.43B
Fiscal year ended 2025-12-31FARMERS & MERCHANTS BANCORP INC (FMAO) reported net income of $33.31M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from FARMERS & MERCHANTS BANCORP INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Savings Institution, Federally Chartered.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $33.31M | $25.94M | $22.79M | $32.52M | $23.50M | $20.10M | $18.40M | $14.95M | $12.72M | $11.66M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Pretax income | $42.52M | $32.57M | $28.35M | $40.48M | $29.50M | $25.21M | $22.76M | $18.25M | $17.90M | $16.32M |
| Income tax expense | $9.22M | $6.64M | $5.57M | $7.96M | $6.00M | $5.11M | $4.36M | $3.30M | $5.18M | $4.66M |
| Diluted EPS | $2.43 | $1.90 | $1.67 | $2.46 | $2.01 | $1.80 | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling, general & administrative | $5.94M | $5.42M | $6.37M | $5.88M | $8.18M | $6.10M | $6.25M | $4.24M | $4.00M | $3.84M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total assets | $3.43B | $3.36B | $3.28B | $3.02B | $2.64B | $1.91B | $1.61B | $1.12B | $1.11B | $1.06B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $3.06B | $3.03B | $2.97B | $2.72B | $2.34B | $1.66B | $1.38B | $972.88M | $972.87M | $930.32M |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $370.86M | $335.21M | $316.54M | $298.14M | $297.17M | $249.16M | $230.26M | $143.29M | $134.11M | $125.58M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $86.36M | $86.36M | $86.36M | $86.36M | $80.43M | $47.34M | $47.34M | $4.07M | $4.07M | $4.07M |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $36.74M | $32.47M | $22.15M | $40.67M | $34.74M | $27.38M | $23.93M | $10.74M | $17.65M | $12.43M |
| Capital expenditures | $1.77M | $1.87M | $10.93M | $2.60M | $1.96M | $3.22M | $3.51M | $2.63M | $1.89M | $2.41M |
| Investing cash flow | -$138.70M | -$44.36M | -$194.09M | -$389.90M | -$265.69M | -$177.72M | -$149.32M | $1.47M | -$48.17M | -$64.19M |
| Financing cash flow | $23.33M | $46.04M | $229.73M | $252.82M | $236.07M | $274.75M | $138.32M | -$8.31M | $36.67M | $58.06M |
| Net change in cash | -$78.63M | $34.15M | $57.79M | -$96.41M | $5.12M | $124.41M | $12.93M | $3.90M | $6.14M | $6.30M |
| Stock-based compensation | $1.39M | $1.36M | $1.28M | $899.00K | $822.00K | $1.02M | $1.09M | $745.00K | $507.00K | $402.00K |
| Common dividends paid | $12.08M | $11.92M | $11.34M | $10.28M | $7.67M | $7.19M | $6.34M | $4.96M | $4.44M | $4.12M |
| Common share repurchases | $362.00K | $664.00K | $218.00K | $308.00K | $338.00K | $383.00K | $381.00K | $490.00K | $196.00K | $194.00K |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $34.97M | $30.60M | $11.22M | $38.07M | $32.78M | $24.16M | $20.42M | $8.11M | $15.76M | $10.02M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 21.7% | 20.4% | 19.6% | 19.7% | 20.3% | 20.3% | 19.2% | 18.1% | 29.0% | 28.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FMAO in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-10-31View SEC filing
10-Q · Filed 2025-08-04View SEC filing
10-Q · Filed 2025-05-05View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.