FMAO
Income statement / Annual
Last year (2023), Farmers & Merchants Bancorp, Inc.'s total revenue was $95.69 M,
a decrease of 4.66% from the previous year.
In 2023, Farmers & Merchants Bancorp, Inc.'s net income was $22.79 M.
See Farmers & Merchants Bancorp, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$95.69 M
|
$100.37 M
|
$84.83 M
|
$74.87 M
|
$63.57 M
|
$49.34 M
|
$46.83 M
|
$44.79 M
|
$40.80 M
|
$39.76 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$95.69 M |
$100.37 M |
$84.83 M |
$74.87 M |
$63.57 M |
$49.34 M |
$46.83 M |
$44.79 M |
$40.80 M |
$39.76 M |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$47.06 M
|
$40.09 M
|
$36.75 M
|
$30.82 M
|
$28.45 M
|
$22.52 M
|
$22.89 M
|
$21.46 M
|
$20.62 M
|
$20.03 M
|
| Selling & Marketing
Expenses |
$2.61 M
|
$1.65 M
|
$1.44 M
|
$1.33 M
|
$1.57 M
|
$887,000.00
|
$757,000.00
|
$727,000.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$49.66 M
|
$41.73 M
|
$38.19 M
|
$32.15 M
|
$30.02 M
|
$23.41 M
|
$22.89 M
|
$21.46 M
|
$20.62 M
|
$20.03 M
|
| Other Expenses |
$45.03 M |
-$83.39 M |
-$93.52 M |
-$81.81 M |
-$70.96 M |
-$9.12 M |
-$7.85 M |
-$7.93 M |
-$6.62 M |
$0.00 |
| Operating Expenses |
$94.69 M |
-$41.66 M |
-$55.33 M |
-$49.66 M |
-$40.94 M |
$23.41 M |
$22.89 M |
$21.46 M |
$20.62 M |
$20.03 M |
| Cost And Expenses |
$126.75 M |
-$41.66 M |
-$55.33 M |
-$49.66 M |
-$40.94 M |
$23.41 M |
$22.89 M |
$21.46 M |
$20.62 M |
$20.03 M |
| Interest Income |
$138.93 M |
$100.83 M |
$76.67 M |
$70.03 M |
$68.01 M |
$46.21 M |
$41.06 M |
$37.58 M |
$33.50 M |
$33.30 M |
| Interest Expense |
$58.41 M |
$14.36 M |
$7.34 M |
$10.39 M |
$14.76 M |
$6.57 M |
$5.13 M |
$4.22 M |
$3.59 M |
$3.72 M |
| Depreciation &
Amortization |
$5.77 M
|
$3.87 M
|
$3.41 M
|
$3.27 M
|
$3.03 M
|
$1.88 M
|
$1.86 M
|
$1.79 M
|
$374,000.00
|
$2.12 M
|
| EBITDA |
$34.13 M
|
$44.49 M
|
$34.49 M
|
$29.50 M
|
$26.28 M
|
$20.42 M
|
$20.05 M
|
$18.53 M
|
$16.22 M
|
$15.63 M
|
| EBITDA Ratio |
0.36 |
0.59 |
0.37 |
0.35 |
0.36 |
0.55 |
0.54 |
0.51 |
0.49 |
0.49 |
| Operating Income Ratio
|
0.3
|
0.58
|
0.35
|
0.34
|
0.36
|
0.5
|
0.53
|
0.5
|
0.48
|
0.43
|
| Total Other
Income/Expenses Net |
$0.00
|
$0.00
|
-$743,300.00
|
$0.00
|
$0.00
|
-$3.83 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$28.35 M |
$40.48 M |
$29.50 M |
$25.21 M |
$22.63 M |
$18.18 M |
$17.90 M |
$16.32 M |
$14.16 M |
$13.52 M |
| Income Before Tax Ratio
|
0.3
|
0.4
|
0.35
|
0.34
|
0.36
|
0.37
|
0.38
|
0.36
|
0.35
|
0.34
|
| Income Tax Expense |
$5.57 M |
$7.96 M |
$6.00 M |
$5.11 M |
$4.23 M |
$3.23 M |
$5.18 M |
$4.66 M |
$3.82 M |
$3.87 M |
| Net Income |
$22.79 M |
$32.52 M |
$23.50 M |
$20.10 M |
$18.40 M |
$14.95 M |
$12.72 M |
$11.66 M |
$10.34 M |
$9.65 M |
| Net Income Ratio |
0.24 |
0.32 |
0.28 |
0.27 |
0.29 |
0.3 |
0.27 |
0.26 |
0.25 |
0.24 |
| EPS |
1.67 |
2.46 |
2.01 |
1.8 |
1.66 |
1.63 |
1.38 |
1.26 |
1.12 |
1.04 |
| EPS Diluted |
1.67 |
2.46 |
2.01 |
1.8 |
1.66 |
1.63 |
1.38 |
1.26 |
1.12 |
1.04 |
| Weighted Average Shares
Out |
$13.49 M
|
$13.09 M
|
$11.57 M
|
$11.06 M
|
$11.03 M
|
$9.18 M
|
$9.16 M
|
$9.14 M
|
$9.16 M
|
$9.19 M
|
| Weighted Average Shares
Out Diluted |
$13.49 M
|
$13.09 M
|
$11.57 M
|
$11.06 M
|
$11.03 M
|
$9.18 M
|
$9.22 M
|
$9.22 M
|
$9.23 M
|
$9.19 M
|
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