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FARMERS & MERCHANTS BANCORP

FMCB

— Price unavailable

18 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

FARMERS & MERCHANTS BANCORP shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap —

Dividend Yield —

Revenue Growth 6.8% ↗

Op. Margin 53.0% →

ROIC None

FCF / Share None

Trailing P/E —

Price / Book —

FCF Yield —

Debt / Equity —

info Valuation on last close.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$242.79M

↑ +6.8% —

Net Income Profit after all expenses

$93.61M

↑ +5.8% —

Operating Margin Operating profit as % of sales

53.0%

↓ -1.3% 97th

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns →

Dividend History

Dividend / share · sourced from SEC filings

$19.35 Latest / share

+6.9% YoY

+3.9% 12-yr CAGR

$12.70

FY 2014

$12.90

FY 2015

$13.10

FY 2016

$13.55

FY 2017

$13.90

FY 2018

$14.20

FY 2019

$14.75

FY 2020

$15.30

FY 2021

$16.15

FY 2022

$17.10

FY 2023

$18.10

FY 2024

$19.35

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	6.8% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+13%)	-1.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-121%)	15.3% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+155%)	9.8% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+63%)	10.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+73%)	4.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-25%)	12.1% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+102%)	12.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+108%)	13.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+123%)	8.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+48%)	8.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+48%)	3.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-36%)	2.4% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-60%)	0.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-84%)	-5.8% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-196%)	-1.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-122%)	—	—
EPS Growth YoY (%)	11.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	3.8% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	20.8% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	14.9% Fair → Fair Stable Year-over-year change in earnings per share Optimal: > 10%	13.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	4.0% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	25.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	62.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-6.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	7.5% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	6.7% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	5.5% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	3.1% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	5.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	5.3% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	5.8% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	5.8% Fair ↓ Fair Declining Year-over-year change in net income	0.2% Caution ↓ Caution Declining Year-over-year change in net income	17.6% Good ↑ Good Improving Year-over-year change in net income	13.2% Fair → Fair Stable Year-over-year change in net income	12.9% Fair ↓ Fair Declining Year-over-year change in net income	4.8% Caution ↓ Caution Declining Year-over-year change in net income	23.1% Good ↑ Good Improving Year-over-year change in net income	60.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-4.6% Weak ↓ Weak Declining Year-over-year change in net income	8.5% Fair ↑ Fair Improving Year-over-year change in net income	7.8% Fair ↑ Fair Improving Year-over-year change in net income	5.6% Fair ↑ Fair Improving Year-over-year change in net income	3.0% Caution ↓ Caution Declining Year-over-year change in net income	5.1% Fair → Fair Stable Year-over-year change in net income	5.2% Fair Fair Year-over-year change in net income	5.5% Fair Fair Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	6.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	8.2% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	12.7% Good ↑ Good Improving Compound annual revenue growth over 3 years	11.6% Good ↑ Good Improving Compound annual revenue growth over 3 years	10.4% Good ↑ Good Improving Compound annual revenue growth over 3 years	7.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	5.0% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	2.4% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-0.9% Weak Weak Compound annual revenue growth over 3 years	-2.1% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	8.1% Good ↓ Good Declining Compound annual revenue growth over 5 years	7.6% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	10.4% Good → Good Stable Compound annual revenue growth over 5 years	9.8% Good ↓ Good Declining Compound annual revenue growth over 5 years	10.5% Good → Good Stable Compound annual revenue growth over 5 years	10.2% Good ↑ Good Improving Compound annual revenue growth over 5 years	11.1% Good ↑ Good Improving Compound annual revenue growth over 5 years	9.5% Good ↑ Good Improving Compound annual revenue growth over 5 years	7.4% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	4.9% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	2.0% Caution Caution Compound annual revenue growth over 5 years	-0.0% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	11.8% Good ↓ Good Declining Compound annual EPS growth over 3 years	12.9% Good ↓ Good Declining Compound annual EPS growth over 3 years	16.4% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	10.7% Good ↓ Good Declining Compound annual EPS growth over 3 years	13.9% Good ↓ Good Declining Compound annual EPS growth over 3 years	28.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	23.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	17.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	2.4% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	6.6% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	5.1% Fair → Fair Stable Compound annual EPS growth over 3 years	4.6% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	4.6% Caution Caution Compound annual EPS growth over 3 years	5.5% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	53.0% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+112%)	53.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+115%)	50.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+102%)	49.9% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+100%)	48.5% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+94%)	47.3% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+89%)	—	—	—	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	27.3% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.6% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.2% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.7% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.9% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.7% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	38.6% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+75%)	38.9% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+77%)	38.3% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+74%)	37.6% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+71%)	36.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+66%)	35.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+62%)	35.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+61%)	32.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+47%)	22.7% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	26.9% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+22%)	27.0% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	27.3% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+24%)	26.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+22%)	26.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	25.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+16%)	23.0% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	21.5% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	1.6% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	1.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.4% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	1.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.3% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	1.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	—	1.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.2% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	1.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	1.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—
Return on Common Equity (%) (%)	14.5% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+21%)	15.4% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+29%)	16.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+34%)	15.5% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+29%)	14.3% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+19%)	13.9% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+16%)	15.2% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+26%)	14.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+22%)	9.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-21%)	10.6% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-12%)	10.9% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-9%)	10.9% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-9%)	11.5% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	11.4% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-5%)	11.7% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	12.2% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	12.1% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	—

⚖️ Is the balance sheet risky? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$350.05	$311.08	$304.09	$256.84	$230.47	$207.80	$200.39	$175.63	$154.46	$138.96	$128.82	$119.53	$115.15	$112.32	$111.18	$117.81	—	—
Basic EPS, GAAP (USD)	$134.96	$121.02	$116.61	$96.55	$84.01	$74.03	$71.18	$56.82	$35.03	$37.44	$34.82	$32.64	$30.93	$29.99	$28.49	$27.05	$25.57	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$19.35	$18.10	$17.10	$16.15	$15.30	$14.75	$14.20	$13.90	$13.55	$13.10	$12.90	$12.70	$12.50	$12.10	$11.75	$11.35	—	—
Book Value per Share (USD)	$924.93	$818.91	$735.00	$631.63	$586.51	$536.53	$465.68	$397.10	$368.90	$346.80	$320.16	$297.39	$269.84	$263.58	$242.93	$221.93	—	—
Tangible Book Value per Share (USD)	$907.24	$800.52	$717.05	$613.42	$568.04	$517.28	$465.68	$397.10	$368.90	$346.80	$320.16	$297.39	$269.84	$263.58	$242.93	$221.93	—	—
Basic Weighted Avg Shares (shares)	693,589	730,914	757,336	777,726	789,646	793,337	787,227	801,229	809,834	793,970	786,582	778,358	777,882	778,648	779,424	780,619	—	—
Dividend Payout Ratio (%)	14.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	15.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	14.7% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	16.7% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	18.2% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	19.9% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	19.9% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	24.5% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	38.7% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	35.0% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	37.0% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	38.9% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity (USD)	$645.51M	$573.07M	$549.75M	$485.31M	$463.14M	$423.67M	$369.30M	$311.21M	$299.66M	$279.98M	$251.84M	$233.18M	$209.90M	$205.03M	$189.35M	$173.24M	$164.73M	$156.54M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$242.79M	$227.38M	$230.30M	$199.75M	$181.99M	$164.86M	$157.75M	$140.72M	$125.08M	$110.33M	$101.33M	$93.04M	$89.58M	$87.46M	$86.65M	$91.96M	$93.18M	—
Depreciation Expense (USD)	$3.06M	$2.94M	$2.49M	$2.43M	$2.63M	$2.77M	$2.76M	$2.42M	$2.19M	$1.90M	$1.69M	$1.32M	$1.51M	$1.70M	$1.80M	$1.87M	$1.89M	—
Net Income, GAAP (USD)	$93.61M	$88.46M	$88.31M	$75.09M	$66.34M	$58.73M	$56.04M	$45.53M	$28.37M	$29.72M	$27.39M	$25.40M	$24.06M	$23.35M	$22.21M	$21.12M	$20.01M	—
Operating Cash Flow (USD)	$104.19M	$103.73M	$93.35M	$101.78M	$59.96M	$58.12M	$80.86M	$57.77M	$39.94M	$34.81M	$37.33M	—	$27.20M	$31.72M	$30.36M	$30.00M	$12.78M	—

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Net Interest Margin (approx.) (%)	3.9%	3.8%	4.1%	3.6%	3.1%	3.3%	3.8%	3.7%	3.5%	3.3%	—	3.3%	3.5%	3.7%	3.9%	—	—	—
Efficiency Ratio (%) (%)	45.5%	46.2%	45.3%	46.8%	50.4%	50.0%	52.1%	53.6%	54.2%	52.7%	55.5%	55.2%	56.8%	55.2%	52.0%	47.8%	49.8%	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 2 days ago 18 years · 68 quarters

FARMERS & MERCHANTS BANCORP

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