Farmers & Merchants Bancorp, Inc. (FMAO) Earnings History
Annual and quarterly earnings data from 1998 to 2025
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FMAO EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
FMAO Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 62.3% | 22.5% | 17.6% |
| 2024 | 55.9% | 18.4% | 14.7% |
| 2023 | 60.4% | 18.6% | 15.0% |
| 2022 | 83.3% | 35.6% | 28.6% |
| 2021 | 88.3% | 32.0% | 25.5% |
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Farmers & Merchants Bancorp, Inc. (FMAO) Earnings Overview
As of May 8, 2026, Farmers & Merchants Bancorp, Inc. (FMAO) reported trailing twelve-month net income of $33M, reflecting +79.5% year-over-year growth. The company earned $2.41 per diluted share over the past four quarters, with a net profit margin of 17.6%.
Looking at the long-term picture, FMAO's 5-year EPS compound annual growth rate (CAGR) stands at +13.6%, showing solid earnings momentum. The company achieved its highest annual net income of $33M in fiscal 2025, representing a new all-time high.
Farmers & Merchants Bancorp, Inc. maintains industry-leading profitability with a gross margin of 62.3%, operating margin of 22.5%, and net margin of 17.6%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CZWI ($14M net income, 16.0% margin), MVBF ($27M net income, 10.0% margin), HFWA ($68M net income, 20.1% margin), FMAO has outperformed on profitability metrics. Compare FMAO vs CZWI →
FMAO Earnings vs Peers
Earnings metrics vs comparable public companies
FMAO Historical Earnings Data (1998–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $33M | +28.4% | $43M | $3.41 | 17.6% | 22.5% |
| 2024 | $26M | +13.8% | $33M | $1.90 | 14.7% | 18.4% |
| 2023 | $23M | -29.9% | $28M | $1.67 | 15.0% | 18.6% |
| 2022 | $33M | +38.4% | $40M | $2.46 | 28.6% | 35.6% |
| 2021 | $23M | +16.9% | $29M | $2.01 | 25.5% | 32.0% |
| 2020 | $20M | +9.2% | $25M | $1.80 | 23.6% | 29.6% |
| 2019 | $18M | +23.1% | $23M | $1.66 | 23.5% | 29.1% |
| 2018 | $15M | +17.5% | $18M | $1.61 | 26.7% | 32.6% |
| 2017 | $13M | +9.1% | $18M | $1.38 | 25.0% | 35.3% |
| 2016 | $12M | +12.8% | $16M | $1.26 | 24.4% | 34.1% |
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Start ComparisonFMAO — Frequently Asked Questions
Quick answers to the most common questions about buying FMAO stock.
Is FMAO growing earnings?
FMAO EPS is $2.41, with earnings growth accelerating to +79.5%. This exceeds the 5-year CAGR of +13.6%. TTM net income reached $33M.
What are FMAO's profit margins?
Farmers & Merchants Bancorp, Inc. net margin is +17.6%, with operating margin at +22.5%. Above-average margins indicate pricing power.
How consistent are FMAO's earnings?
FMAO earnings data spans 1998-2025. The accelerating earnings trend is +79.5% YoY. Historical data enables comparison across business cycles.