FARMERS & MERCHANTS BANCORP, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $46.9M | $44.9M | $40.9M | $39.9M | $37.7M | $38.6M | $35.3M | $37.2M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $4.0M | $3.8M | $5.7M | $6.0M | $5.6M | $5.1M | $4.2M | $4.3M |
| Operating Income | $23.0M | $20.5M | $17.7M | $17.2M | $17.2M | $19.9M | $19.6M | $20.2M |
| Operating Margin | 49.2% | 45.8% | 43.4% | 43.2% | 45.7% | 51.6% | 55.4% | 54.3% |
| Interest Expense | $5.1M | $4.2M | $3.6M | $3.7M | $4.6M | $6.3M | $8.2M | $10.9M |
| Pretax Income | $17.9M | $16.3M | $14.2M | $13.5M | $12.6M | $13.7M | $11.4M | $9.4M |
| Income Tax Expense | $5.2M | $4.7M | $3.8M | $3.9M | $3.6M | $3.9M | $2.9M | $2.4M |
| Net Income | $12.7M | $11.7M | $10.3M | $9.6M | $9.0M | $9.8M | $8.5M | $7.0M |
| Net Margin | 27.1% | 26.0% | 25.3% | 24.2% | 23.9% | 25.3% | 24.1% | 18.8% |
| EPS (Basic) | $1.38 | $1.27 | $1.12 | $2.08 | $1.93 | $2.08 | $1.82 | $1.48 |
| EPS (Diluted) | $1.38 | $1.27 | $1.12 | $2.08 | $1.93 | $2.08 | $1.82 | — |
| Shares Outstanding (Basic) | 9.2M | 9.1M | 9.2M | 4.6M | 4.6M | 4.7M | 4.7M | 4.7M |
| Shares Outstanding (Diluted) | 9.2M | 9.1M | 9.2M | 4.6M | 4.6M | 4.7M | 4.7M | 4.7M |
| Dividends Per Share | $0.50 | $0.46 | $0.44 | $0.84 | $0.81 | $0.78 | $0.76 | $0.73 |