Farmers & Merchants Bancorp, Inc. (FMAO) Quarterly Income Statement

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Farmers & Merchants Bancorp, Inc. (FMAO) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

FMAO Income Statement

Farmers & Merchants Bancorp, Inc. (FMAO) annual income statement — 28-year revenue, gross profit & net income history

Annual Quarterly

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Net Interest Income	28.92M	27.44M	27.77M	26.59M	25.4M	23.57M	22.46M	21.25M	21.05M	19.79M	19.57M	19.42M	19.97M	21.56M	22.43M	22.49M	21.81M	19.74M	19.99M	18.41M
NII Growth %	13.85%	16.43%	23.63%	25.11%	20.68%	19.14%	14.78%	9.47%	5.4%	-8.23%	-12.75%	-13.67%	-8.42%	9.21%	12.23%	22.19%	36.76%	31.72%	24.22%	22.8%
Net Interest Margin %	0.83%	0.79%	0.81%	0.78%	0.76%	0.7%	0.67%	0.63%	0.63%	0.6%	0.6%	0.6%	0.63%	0.7%	0.74%	0.81%	0.82%	0.73%	0.76%	0.83%
Interest Income	45.65M	43.3M	44.57M	44.17M	43.18M	40.66M	41.48M	41.57M	40.84M	38.32M	37.91M	36.11M	33.23M	31.68M	29.37M	25.75M	23.85M	21.86M	22.37M	20.08M
Interest Expense	16.73M	15.85M	16.8M	17.58M	17.78M	17.09M	19.02M	20.31M	19.79M	18.54M	18.34M	16.7M	13.26M	10.12M	6.93M	3.26M	2.05M	2.12M	2.39M	1.67M
Loan Loss Provision	321K	308K	566K	285K	688K	551K	226K	15K	587K	-555K	467K	384K	14K	879K	755K	1.64M	1.63M	580K	444K	659K
Non-Interest Income	5.1M	4.48M	4.04M	3.64M	3.92M	3.78M	3.8M	3.58M	3.79M	3.58M	3.54M	2.98M	4.19M	3.68M	3.69M	3.25M	3.1M	3.86M	4.08M	3.44M
Non-Interest Income %	15%	14.03%	12.71%	12.04%	13.36%	13.82%	14.48%	14.41%	15.27%	15.31%	15.32%	13.31%	17.33%	14.57%	14.14%	12.61%	12.44%	16.35%	16.94%	15.74%
Total Net Revenue	34.02M	31.92M	31.82M	30.23M	29.32M	27.35M	26.27M	24.83M	24.84M	23.36M	23.11M	22.4M	24.16M	25.24M	26.13M	25.73M	24.91M	23.6M	24.06M	21.84M
Revenue Growth %	16.04%	16.7%	21.13%	21.74%	18.03%	17.08%	13.65%	10.88%	2.83%	-7.43%	-11.54%	-12.97%	-3.01%	6.94%	8.58%	17.81%	28.93%	20.38%	13.11%	13.17%
Non-Interest Expense	18.94M	19.28M	18.42M	18.71M	18.93M	18.04M	15.51M	16.71M	17.09M	17.14M	15.77M	16.11M	16.61M	16.31M	16.48M	12.89M	12.96M	12.97M	13.94M	13.64M
Efficiency Ratio	55.66%	60.39%	57.88%	61.9%	64.57%	65.96%	59.06%	67.29%	68.82%	73.36%	68.23%	71.95%	68.76%	64.62%	63.07%	50.09%	52.02%	54.94%	57.92%	62.45%
Operating Income	14.77M	12.34M	12.83M	11.23M	9.7M	8.76M	10.53M	8.11M	7.16M	6.78M	6.88M	5.9M	7.53M	8.05M	8.89M	11.21M	10.32M	10.05M	9.68M	7.54M
Operating Margin %	43.4%	38.64%	40.34%	37.16%	33.08%	32.03%	40.08%	32.65%	28.82%	29.01%	29.75%	26.34%	31.18%	31.89%	34.04%	43.55%	41.44%	42.6%	40.24%	34.53%
Operating Income Growth %	52.25%	40.81%	21.91%	38.54%	35.47%	29.24%	53.12%	37.49%	-4.95%	-15.79%	-22.7%	-47.37%	-27.02%	-19.93%	-8.14%	48.56%	63.77%	68.42%	10.6%	32.42%
Pretax Income	14.77M	12.34M	12.83M	11.23M	9.7M	8.76M	10.53M	8.11M	7.16M	6.78M	6.88M	5.9M	7.53M	8.05M	8.89M	11.21M	10.32M	10.05M	9.68M	7.54M
Pretax Margin %	43.4%	38.64%	40.34%	37.16%	33.08%	32.03%	40.08%	32.65%	28.82%	29.01%	29.75%	26.34%	31.18%	31.89%	34.04%	43.55%	41.44%	42.6%	40.24%	34.53%
Income Tax	2.97M	2.76M	3.04M	2.38M	1.99M	1.81M	2.15M	1.59M	1.48M	1.42M	1.33M	1.12M	1.53M	1.58M	1.71M	2.25M	2.05M	1.95M	2M	1.62M
Effective Tax Rate %	20.1%	22.35%	23.69%	21.19%	20.5%	20.64%	20.39%	19.64%	20.63%	20.94%	19.37%	19.01%	20.33%	19.67%	19.18%	20.1%	19.86%	19.41%	20.65%	21.53%
Net Income	11.8M	9.58M	9.79M	8.85M	7.71M	6.95M	8.38M	6.52M	5.68M	5.36M	5.54M	4.78M	6M	6.47M	7.19M	8.95M	8.27M	8.1M	7.68M	5.92M
Net Margin %	34.67%	30.01%	30.78%	29.29%	26.3%	25.42%	31.91%	26.24%	22.87%	22.94%	23.98%	21.33%	24.84%	25.62%	27.51%	34.79%	33.21%	34.33%	31.93%	27.1%
Net Income Growth %	53.01%	37.77%	16.85%	35.88%	35.69%	29.73%	51.2%	36.4%	-5.32%	-17.12%	-22.89%	-46.65%	-27.45%	-20.19%	-6.44%	51.25%	65.98%	65.04%	13.39%	34.24%
Net Income (Continuing)	11.8M	9.58M	9.79M	8.85M	7.71M	6.95M	8.38M	6.52M	5.68M	5.36M	5.54M	4.78M	6M	6.47M	7.19M	8.95M	8.27M	8.1M	7.68M	5.92M
EPS (Diluted)	0.86	0.70	0.71	0.64	0.56	0.51	0.61	0.48	0.42	0.39	0.41	0.35	0.44	0.48	0.53	0.68	0.63	0.62	0.59	0.53
EPS Growth %	53.57%	37.25%	16.39%	33.33%	33.33%	30.77%	48.78%	37.14%	-4.55%	-18.75%	-22.64%	-48.53%	-30.16%	-22.58%	-10.17%	28.3%	40%	40.91%	-1.67%	32.5%
EPS (Basic)	0.86	0.70	0.71	0.64	0.56	0.51	0.61	0.48	0.42	0.39	0.41	0.35	0.44	0.48	0.53	0.68	0.63	0.62	0.59	0.53
Diluted Shares Outstanding	13.79M	13.79M	13.79M	13.54M	13.54M	13.54M	13.7M	13.53M	13.68M	13.67M	13.67M	13.65M	13.63M	13.62M	13.61M	12.98M	12.96M	12.96M	13.05M	11.11M