FMAO
Income statement / Annual
Last year (2024), Farmers & Merchants Bancorp, Inc.'s total revenue was $176.56 M,
an increase of 16.12% from the previous year.
In 2024, Farmers & Merchants Bancorp, Inc.'s net income was $25.94 M.
See Farmers & Merchants Bancorp, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
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 |
12/31/2015 |
| Operating Revenue |
$176.56 M |
$152.05 M |
$113.66 M |
$92.17 M |
$85.26 M |
$78.33 M |
$55.91 M |
$50.78 M |
$47.80 M |
$44.39 M |
| Cost of Revenue |
$77.93 M
|
$60.16 M
|
$18.96 M
|
$10.79 M
|
$17.37 M
|
$15.90 M
|
$6.90 M
|
$5.35 M
|
$5.34 M
|
$4.21 M
|
| Gross Profit |
$98.63 M
|
$91.89 M
|
$94.70 M
|
$81.38 M
|
$67.89 M
|
$62.43 M
|
$49.34 M
|
$45.43 M
|
$42.46 M
|
$40.18 M
|
| Gross Profit Ratio |
0.56
|
0.6
|
0.83
|
0.88
|
0.8
|
0.8
|
0.88
|
0.89
|
0.89
|
0.91
|
| 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 |
$46.24 M
|
$42.79 M
|
$36.39 M
|
$36.75 M
|
$30.82 M
|
$28.45 M
|
$22.52 M
|
$20.58 M
|
$19.19 M
|
$20.62 M
|
| Selling & Marketing Expenses |
$2.14 M
|
$2.61 M
|
$1.65 M
|
$1.44 M
|
$1.33 M
|
$1.57 M
|
$887.00 K
|
$757.00 K
|
$727.00 K
|
$0.00
|
| Selling, General & Administrative Expenses |
$48.38 M
|
$45.40 M
|
$38.04 M
|
$38.19 M
|
$32.15 M
|
$30.02 M
|
$23.41 M
|
$21.34 M
|
$19.92 M
|
$20.62 M
|
| Other Expenses |
$17.67 M
|
$18.14 M
|
$16.19 M
|
$13.70 M
|
$10.53 M
|
$9.78 M
|
$7.43 M
|
$6.19 M
|
$6.23 M
|
$5.40 M
|
| Operating Expenses |
$66.06 M
|
$63.54 M
|
$54.22 M
|
$51.89 M
|
$42.68 M
|
$39.67 M
|
$30.76 M
|
$27.53 M
|
$26.14 M
|
$26.02 M
|
| Cost And Expenses |
$143.99 M
|
$123.69 M
|
$73.18 M
|
$62.67 M
|
$60.05 M
|
$55.57 M
|
$37.66 M
|
$32.88 M
|
$31.48 M
|
$30.23 M
|
| Interest Income |
$162.21 M
|
$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
|
| Interest Expense |
$77.66 M
|
$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
|
| Depreciation & Amortization |
$6.37 M
|
$5.77 M
|
$4.02 M
|
$4.99 M
|
$4.30 M
|
$3.52 M
|
$2.24 M
|
$2.15 M
|
$2.21 M
|
$2.06 M
|
| EBITDA |
$38.95 M |
$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 |
| EBITDA Ratio |
0.22
|
0.22
|
0.39
|
0.37
|
0.35
|
0.34
|
0.37
|
0.39
|
0.39
|
0.37
|
| Operating Income Ratio |
0.18
|
0.19
|
0.36
|
0.32
|
0.3
|
0.29
|
0.33
|
0.35
|
0.34
|
0.32
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$32.57 M
|
$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
|
| Income Before Tax Ratio |
0.18
|
0.19
|
0.36
|
0.32
|
0.3
|
0.29
|
0.33
|
0.35
|
0.34
|
0.32
|
| Income Tax Expense |
$6.64 M
|
$5.57 M
|
$7.96 M
|
$6.00 M
|
$5.11 M
|
$4.36 M
|
$3.30 M
|
$5.18 M
|
$4.66 M
|
$3.82 M
|
| Net Income |
$25.94 M
|
$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
|
| Net Income Ratio |
0.15
|
0.15
|
0.29
|
0.25
|
0.24
|
0.23
|
0.27
|
0.25
|
0.24
|
0.23
|
| EPS |
1.9 |
1.67 |
2.46 |
2.01 |
1.8 |
1.66 |
1.61 |
1.38 |
1.26 |
1.12 |
| EPS Diluted |
1.9 |
1.67 |
2.46 |
2.01 |
1.8 |
1.66 |
1.61 |
1.38 |
1.26 |
1.12 |
| Weighted Average Shares Out |
$13.68 M
|
$13.64 M
|
$13.09 M
|
$11.57 M
|
$11.06 M
|
$11.03 M
|
$9.29 M
|
$9.16 M
|
$9.14 M
|
$9.16 M
|
| Weighted Average Shares Out Diluted |
$13.68 M
|
$13.64 M
|
$13.09 M
|
$11.57 M
|
$11.06 M
|
$11.03 M
|
$9.29 M
|
$9.22 M
|
$9.22 M
|
$9.23 M
|
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