FARMERS & MERCHANTS BANCORP
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $125.1M | $110.3M | $101.3M | $93.0M | $89.6M | $87.5M | $86.7M | $92.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $60.8M | $50.0M | $47.6M | $43.3M | $41.2M | $42.5M | $42.8M | $43.0M |
| Operating Margin | 48.6% | 45.3% | 47.0% | 46.6% | 46.0% | 48.6% | 49.4% | 46.7% |
| Interest Expense | $6.3M | $4.2M | $3.3M | $2.8M | $2.9M | $5.1M | $8.0M | $9.7M |
| Pretax Income | $54.5M | $45.8M | $44.3M | $40.5M | $38.3M | $37.3M | $34.9M | $33.3M |
| Income Tax Expense | $26.1M | $16.1M | $16.9M | $15.1M | $14.2M | $14.0M | $12.6M | $12.2M |
| Net Income | $28.4M | $29.7M | $27.4M | $25.4M | $24.1M | $23.3M | $22.2M | $21.1M |
| Net Margin | 22.7% | 26.9% | 27.0% | 27.3% | 26.9% | 26.7% | 25.6% | 23.0% |
| EPS (Basic) | $35.03 | $37.44 | $34.82 | $32.64 | $30.93 | $29.99 | $28.49 | $27.05 |
| EPS (Diluted) | $35.03 | $37.44 | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 809.8K | 794.0K | 786.6K | 778.4K | 777.9K | 778.6K | 779.4K | 780.6K |
| Shares Outstanding (Diluted) | 809.8K | 794.0K | 786.6K | 778.4K | 777.9K | 778.6K | 779.4K | 780.6K |
| Dividends Per Share | $13.55 | $13.10 | $12.90 | $12.70 | $12.50 | $12.10 | $11.75 | $11.35 |