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Complete financial analysis of Farmers & Merchants Bancorp (FMCB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Farmers & Merchants Bancorp, a leading company in the Banks – Regional industry within the Financial Services sector.
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Farmers & Merchants Bancorp (FMCB)
About Farmers & Merchants Bancorp
Farmers & Merchants Bancorp operates as the bank holding company for Farmers & Merchants Bank of Central California that provides various banking services to businesses and individuals. The company accepts various deposit instruments, including checking, savings, money market, time certificates of deposit, and individual retirement accounts. It also offers range of lending products comprising commercial, commercial and residential real estate, real estate construction, agribusiness, and consumer loans, as well as equipment leases and credit card services; commercial products, including term loans, lines of credit and other working capital financing, and letters of credit; and financing products, such as automobile financing, home improvement, and home equity lines of credit. In addition, the company provides various specialized services consisting of credit card programs for merchants, lockbox and other collection services, account reconciliation, investment sweep, online account access, and electronic funds transfers through domestic and international wire and automated clearinghouse; and online banking services. Further, it offers investment products, such as mutual funds and annuities. The company serves its customers through 29 full-service branches and 3 stand-alone automated teller machines in the mid Central Valley of California, including Sacramento, San Joaquin, Solano, Stanislaus, and Merced counties, as well as the east region of the San Francisco Bay Area comprising Napa, Alameda, and Contra Costa counties. Farmers & Merchants Bancorp was founded in 1916 and is headquartered in Lodi, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 217.92M | 199.30M | 179.38M | 163.08M | 155.13M | 139.63M | 122.94M | 112.44M | 99.95M | 90.91M | 86.21M | 85.77M | 86.65M | 91.96M | 93.18M | 84.49M | 79.01M | 75.84M | 69.70M | 63.75M | 56.73M | 54.51M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.13M | 14.61M | 17.37M | 13.20M | 12.20M | 12.57M | 12.42M | 12.27M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 217.92M | 199.30M | 179.38M | 163.08M | 155.13M | 125.50M | 108.32M | 95.07M | 86.75M | 78.71M | 73.64M | 73.35M | 74.38M | 91.96M | 93.18M | 84.49M | 79.01M | 75.84M | 69.70M | 63.75M | 56.73M | 54.51M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 89.88% | 88.11% | 84.55% | 86.79% | 86.58% | 85.42% | 85.52% | 85.84% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 73.65M | 65.69M | 65.10M | 57.47M | 55.87M | 50.97M | 46.68M | 43.16M | 40.88M | 37.49M | 34.64M | 32.60M | 31.13M | 30.62M | 31.27M | 27.04M | 27.36M | 27.82M | 26.77M | 24.10M | 21.06M | 17.80M |
| Selling & Marketing | 1.89M | 1.32M | 1.10M | 922.00K | 1.25M | 1.23M | 1.03M | 1.19M | 1.25M | 353.00K | 263.00K | 0.00 | 0.00 | 0.00 | 0.00 | 532.00K | 463.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 75.54M | 67.02M | 66.19M | 58.39M | 57.13M | 52.20M | 47.71M | 44.35M | 42.13M | 37.49M | 34.64M | 32.60M | 31.13M | 30.62M | 31.27M | 27.57M | 27.36M | 27.82M | 26.77M | 24.10M | 21.06M | 17.80M |
| Other Expenses | 0.00 | -24.14M | -157.25M | -143.52M | -136.95M | -2.14M | -1.96M | -2.37M | -2.45M | -1.05M | -981.00K | -968.00K | -1.46M | -89.29M | -93.12M | 0.00 | 0.00 | -71.22M | -67.82M | -61.55M | -54.97M | -51.83M |
| Operating Expenses | 85.23M | 1.32M | -91.06M | -85.13M | -79.82M | 50.05M | 45.75M | 41.98M | 39.68M | 36.45M | 33.66M | 31.64M | 29.67M | -58.67M | -61.85M | 532.00K | 463.00K | -43.40M | -41.04M | -37.45M | -33.91M | -34.04M |
| Cost & Expenses | 85.23M | 1.32M | -91.06M | -85.13M | -79.82M | 50.05M | 45.75M | 41.98M | 39.68M | 36.45M | 33.66M | 31.64M | 29.67M | -58.67M | -61.85M | 532.00K | 463.00K | -43.40M | -41.04M | -37.45M | -33.91M | -34.04M |
| Interest Income | 253.75M | 198.41M | 165.27M | 158.65M | 153.71M | 133.45M | 114.61M | 99.27M | 90.08M | 81.52M | 76.53M | 78.49M | 82.35M | 84.46M | 91.31M | 93.21M | 95.78M | 88.40M | 72.46M | 59.30M | 54.88M | 54.24M |
| Interest Expense | 38.37M | 4.84M | 4.33M | 9.49M | 13.19M | 7.95M | 6.29M | 4.20M | 3.33M | 2.81M | 2.89M | 5.14M | 7.97M | 9.69M | 16.33M | 24.78M | 32.23M | 24.62M | 14.03M | 9.82M | 11.07M | 13.60M |
| Depreciation & Amortization | 2.49M | 2.43M | 2.63M | 3.40M | 3.40M | 2.65M | 2.30M | 1.91M | 1.69M | 1.33M | 1.51M | 1.70M | 1.80M | 1.87M | 1.89M | 1.88M | 2.15M | 1.73M | 2.21M | 2.43M | 3.28M | 1.59M |
| EBITDA | 119.04M | 102.17M | 90.95M | 80.72M | 78.07M | 62.38M | 56.78M | 47.73M | 0.00 | 41.82M | 39.79M | 39.04M | 36.65M | 35.15M | 33.22M | 38.27M | 0.00 | 34.17M | 30.87M | 28.73M | 0.00 | 0.00 |
| EBITDA Ratio | 54.63% | 53.69% | 50.70% | 49.88% | 50.74% | 50.37% | 51.30% | 46.18% | 49.35% | 49.10% | 49.51% | 51.51% | 51.50% | 48.76% | 53.18% | 74.62% | 88.52% | 77.52% | 64.42% | 60.12% | 65.52% | 65.43% |
| Operating Income | 116.55M | 104.58M | 88.32M | 77.95M | 75.31M | 67.68M | 60.77M | 45.82M | 44.32M | 40.50M | 38.28M | 37.33M | 42.83M | 33.29M | 31.33M | 36.39M | 35.57M | 32.44M | 28.66M | 26.30M | 22.82M | 20.47M |
| Operating Income Ratio | 53.48% | 52.47% | 49.24% | 47.80% | 48.55% | 48.47% | 49.43% | 40.75% | 44.34% | 44.55% | 44.41% | 43.53% | 49.42% | 36.20% | 33.62% | 43.07% | 45.02% | 42.78% | 41.12% | 41.25% | 40.22% | 37.56% |
| Total Other Income/Expenses | 0.00 | -15.39M | -13.19M | -14.77M | -14.18M | -15.00M | -13.02M | 0.00 | 392.00K | 0.00 | 0.00 | -2.63M | -1.80M | 0.00 | 0.00 | 1.91M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 116.55M | 99.74M | 88.32M | 77.95M | 75.31M | 59.73M | 54.48M | 45.82M | 44.32M | 40.50M | 38.28M | 37.33M | 34.85M | 33.29M | 31.33M | 36.39M | 35.57M | 32.44M | 28.66M | 26.30M | 22.82M | 20.47M |
| Income Before Tax Ratio | 53.48% | 50.05% | 49.24% | 47.80% | 48.55% | 42.78% | 44.32% | 40.75% | 44.34% | 44.55% | 44.41% | 43.53% | 40.22% | 36.20% | 33.62% | 43.07% | 45.02% | 42.78% | 41.12% | 41.25% | 40.22% | 37.56% |
| Income Tax Expense | 28.24M | 24.65M | 21.99M | 19.22M | 19.28M | 14.20M | 26.11M | 16.10M | 16.92M | 15.09M | 14.22M | 13.99M | 12.64M | 12.17M | 11.32M | 13.60M | 12.87M | 11.81M | 10.23M | 9.63M | 8.04M | 7.05M |
| Net Income | 88.31M | 75.09M | 66.34M | 58.73M | 56.04M | 45.53M | 28.37M | 29.72M | 27.39M | 25.40M | 24.06M | 23.35M | 22.21M | 21.12M | 20.01M | 22.79M | 22.70M | 20.63M | 18.43M | 16.45M | 14.78M | 13.42M |
| Net Income Ratio | 40.53% | 37.68% | 36.98% | 36.02% | 36.12% | 32.60% | 23.08% | 26.44% | 27.41% | 27.94% | 27.91% | 27.22% | 25.63% | 22.96% | 21.48% | 26.97% | 28.73% | 27.20% | 26.44% | 25.80% | 26.04% | 24.62% |
| EPS | 116.61 | 96.55 | 84.01 | 74.03 | 71.18 | 56.82 | 35.03 | 37.44 | 34.82 | 32.64 | 30.93 | 29.99 | 28.49 | 27.05 | 25.57 | 28.69 | 28.05 | 25.25 | 22.24 | 19.68 | 17.55 | 15.69 |
| EPS Diluted | 116.61 | 96.55 | 84.01 | 74.03 | 71.18 | 56.82 | 35.03 | 37.44 | 34.82 | 32.64 | 30.93 | 29.99 | 28.49 | 27.05 | 25.57 | 28.69 | 28.05 | 25.25 | 22.24 | 19.68 | 17.55 | 15.69 |
| Weighted Avg Shares Out | 757.34K | 777.73K | 789.65K | 793.34K | 787.23K | 801.23K | 809.83K | 793.97K | 786.58K | 778.36K | 777.88K | 778.65K | 779.42K | 780.62K | 782.75K | 794.24K | 809.06K | 816.99K | 828.60K | 835.87K | 841.88K | 855.49K |
| Weighted Avg Shares Out (Dil) | 757.34K | 777.73K | 789.65K | 793.34K | 787.23K | 801.23K | 809.83K | 793.97K | 786.58K | 778.36K | 777.88K | 778.65K | 779.42K | 780.62K | 782.75K | 797.15K | 810.77K | 816.99K | 828.60K | 835.87K | 841.88K | 855.49K |
Farmers & Merchants Bancorp (FMCB) Increases Cash Dividend for the 59th Consecutive Year
Farmers & Merchants Bancorp (FMCB) ranked #6 on Forbes Magazine's List of “America's Best Banks” for 2023
Farmers & Merchants Bank of Central California (FMCB) ranked #4 Best-Performing Community Bank in the United States for 2023
Farmers & Merchants Bancorp (FMCB) Reports Strong First Quarter 2024 Earnings
Farmers & Merchants Bancorp: Looking Interesting For Long-Term Investors (Rating Upgrade)
Farmers & Merchants Bancorp: A Dividend King At An Attractive Valuation
Farmers & Merchants Bancorp (FMCB) Reports Record Year-End 2023 Financial Results
Farmers & Merchants Bancorp (FMCB) Authorizes a $25 Million Increase in Its Share Repurchase Program
Farmers & Merchants Bancorp (FMCB) Announces Increase in the Year-End Cash Dividend
Farmers & Merchants Bancorp (FMCB) Reports Record Third Quarter and Year-to-Date Earnings
Source: https://incomestatements.info
Category: Stock Reports