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Stocks · Financials · Savings Institution, Federally Chartered

FARMERS & MERCHANTS BANCORP INC

FMAO Clue Score53
United States Fiscal year ends December CIK 0000792966
$34.55 -2.15% Close, 9 Oct 2026
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Price $34.55 +46.15% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Net income
Fiscal year 2016Net income11.7Fiscal year 2017Net income12.7 +9.1%Fiscal year 2018Net income14.9 +17.5%Fiscal year 2019Net income18.4 +23.1%Fiscal year 2020Net income20.1 +9.2%EPS, diluted1.80Fiscal year 2021Net income23.5 +16.9%EPS, diluted2.01 +11.7%Fiscal year 2022Net income32.5 +38.4%EPS, diluted2.46 +22.4%Fiscal year 2023Net income22.8 −29.9%EPS, diluted1.67 −32.1%Fiscal year 2024Net income25.9 +13.8%EPS, diluted1.90 +13.8%Fiscal year 2025Net income33.3 +28.4%EPS, diluted2.43 +27.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income 11.7 12.7 14.9 18.4 20.1 23.5 32.5 22.8 25.9 33.3
Growth +9.1% +17.5% +23.1% +9.2% +16.9% +38.4% −29.9% +13.8% +28.4%
EPS, diluted n/a n/a n/a n/a 1.80 2.01 2.46 1.67 1.90 2.43
Growth +11.7% +22.4% −32.1% +13.8% +27.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow12.4Capital expenditure−2.4Free cash flow10.0Buybacks−0.2Dividends paid−4.1Fiscal year 2017Operating cash flow17.6Capital expenditure−1.9Free cash flow15.8 +57.2%Buybacks−0.2Dividends paid−4.4Fiscal year 2018Operating cash flow10.7Capital expenditure−2.6Free cash flow8.1 −48.6%Buybacks−0.5Dividends paid−5.0Fiscal year 2019Operating cash flow23.9Capital expenditure−3.5Free cash flow20.4 +151.8%Buybacks−0.4Dividends paid−6.3Fiscal year 2020Operating cash flow27.4Capital expenditure−3.2Free cash flow24.2 +18.3%Buybacks−0.4Dividends paid−7.2Fiscal year 2021Operating cash flow34.7Capital expenditure−2.0Free cash flow32.8 +35.7%Buybacks−0.3Dividends paid−7.7Fiscal year 2022Operating cash flow40.7Capital expenditure−2.6Free cash flow38.1 +16.1%Buybacks−0.3Dividends paid−10.3Fiscal year 2023Operating cash flow22.1Capital expenditure−10.9Free cash flow11.2 −70.5%Buybacks−0.2Dividends paid−11.3Fiscal year 2024Operating cash flow32.5Capital expenditure−1.9Free cash flow30.6 +172.8%Buybacks−0.7Dividends paid−11.9Fiscal year 2025Operating cash flow36.7Capital expenditure−1.8Free cash flow35.0 +14.3%Buybacks−0.4Dividends paid−12.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 12.4 17.6 10.7 23.9 27.4 34.7 40.7 22.1 32.5 36.7
Capital expenditure −2.4 −1.9 −2.6 −3.5 −3.2 −2.0 −2.6 −10.9 −1.9 −1.8
Free cash flow 10.0 15.8 8.1 20.4 24.2 32.8 38.1 11.2 30.6 35.0
Growth +57.2% −48.6% +151.8% +18.3% +35.7% +16.1% −70.5% +172.8% +14.3%
Buybacks −0.2 −0.2 −0.5 −0.4 −0.4 −0.3 −0.3 −0.2 −0.7 −0.4
Dividends paid −4.1 −4.4 −5.0 −6.3 −7.2 −7.7 −10.3 −11.3 −11.9 −12.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Shareholders’ equity 125.6 134.1 143.3 230.3 249.2 297.2 298.1 316.5 335.2 370.9

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Spending
28.5% 29.0% 18.1% 19.2% 20.3% 20.3% 19.7% 19.6% 20.4% 21.7%
Returns
9.3% 9.5% 10.4% 8.0% 8.1% 7.9% 10.9% 7.2% 7.7% 9.0%
1.1% 1.1% 1.3% 1.1% 1.1% 0.9% 1.1% 0.7% 0.8% 1.0%
Balance and payout
88.1% 87.9% 87.2% 85.7% 87.0% 88.7% 90.1% 90.4% 90.0% 89.2%
35.3% 34.9% 33.2% 34.5% 35.8% 32.6% 31.6% 49.7% 46.0% 36.3%
43.0% 29.4% 67.2% 32.9% 31.3% 24.4% 27.8% 103.0% 41.1% 35.6%