Farmers & Merchants Bancorp, Inc. (FMAO) — Financial statements
Income statement, balance sheet, and cash flow for Farmers & Merchants Bancorp, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 189↑7.1% | 177↑16.1% | 152↑33.8% | 114↑23.3% | 92 | |
| Cost of Revenue | 71↓8.5% | 78↑29.6% | 60↑217.2% | 19↑75.8% | 11 | |
| Gross Profit | 118↑19.4% | 99↑7.3% | 92↓3.0% | 95↑16.4% | 81 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 8↓83.0% | 46↑8.1% | 43↑17.6% | 36↓1.0% | 37 | |
| Selling & Marketing Expenses | 2↑2.6% | 2↓17.7% | 3↑58.3% | 2↑14.6% | 1 | |
| SG&A Expenses | 10↓79.2% | 48↑6.6% | 45↑19.4% | 38↓0.4% | 38 | |
| Other Expenses | 65↑268.7% | 18↓2.6% | 18↑12.1% | 16↑18.2% | 14 | |
| Operating Expenses | 75↑13.9% | 66↑4.0% | 64↑17.2% | 54↑4.5% | 52 | |
| Total Costs & Expenses | 147↑1.8% | 144↑16.4% | 124↑69.0% | 73↑16.8% | 63 | |
| Operating Results | ||||||
| Operating Income | 43↑30.6% | 33↑14.9% | 28↓29.9% | 40↑37.2% | 29 | |
| Depreciation & Amortization | 0.00↓100.0% | 6↑10.4% | 6↑43.7% | 4↓19.5% | 5 | |
| EBITDA | 43↑9.2% | 39↑14.1% | 34↓23.3% | 44↑29.0% | 34 | |
| EBIT | 43↑30.6% | 33↑14.9% | 28↓29.9% | 40↑37.2% | 29 | |
| Interest & Other Income | ||||||
| Net Interest Income | 104↑23.3% | 85↑5.0% | 81↓6.9% | 86↑24.7% | 69 | |
| Interest Income | 174↑7.0% | 162↑16.8% | 139↑37.8% | 101↑31.5% | 77 | |
| Interest Expense | 69↓10.8% | 78↑33.0% | 58↑306.7% | 14↑95.6% | 7 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 43↑30.6% | 33↑14.9% | 28↓29.9% | 40↑37.2% | 29 | |
| Income Tax Expense | 9↑38.9% | 7↑19.2% | 6↓30.1% | 8↑32.6% | 6 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 33↑28.4% | 26↑13.8% | 23↓29.9% | 33↑38.4% | 23 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 33↑28.4% | 26↑13.8% | 23↓29.9% | 33↑38.4% | 23 | |
| Bottom-Line Net Income | 47↑83.4% | 25↑12.8% | 23↓30.1% | 32↑38.3% | 23 | |
| EPS (Basic) | 3.40↑78.9% | 1.90↑13.8% | 1.67↓32.1% | 2.46↑22.4% | 2.01 | |
| EPS (Diluted) | 3.41↑79.5% | 1.90↑13.8% | 1.67↓32.1% | 2.46↑22.4% | 2.01 | |
| Weighted Average Shares | 14↑0.3% | 14↑0.3% | 14↑4.2% | 13↑13.1% | 12 | |
| Weighted Average Diluted Shares | 14↑1.9% | 13↓1.6% | 14↑4.2% | 13↑13.1% | 12 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.