FARMERS & MERCHANTS BANCORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $242.8M | $227.4M | $230.3M | $199.8M | $182.0M | $164.9M | $157.8M | $140.7M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $128.8M | $122.2M | $154.9M | $104.6M | $92.7M | $87.4M | $88.5M | $67.7M |
| Operating Margin | 53.0% | 53.8% | 67.3% | 52.4% | 50.9% | 53.0% | 56.1% | 48.1% |
| Interest Expense | — | — | $38.4M | $4.8M | $4.3M | $9.5M | $13.2M | $8.0M |
| Pretax Income | $128.8M | $122.2M | $116.6M | $99.7M | $88.3M | $78.0M | $75.3M | $59.7M |
| Income Tax Expense | $35.2M | $33.8M | $28.2M | $24.7M | $22.0M | $19.2M | $19.3M | $14.2M |
| Net Income | $93.6M | $88.5M | $88.3M | $75.1M | $66.3M | $58.7M | $56.0M | $45.5M |
| Net Margin | 38.6% | 38.9% | 38.3% | 37.6% | 36.4% | 35.6% | 35.5% | 32.4% |
| EPS (Basic) | $134.96 | $121.02 | $116.61 | $96.55 | $84.01 | $74.03 | $71.18 | $56.82 |
| EPS (Diluted) | $133.96 | $121.02 | $116.61 | $96.55 | $84.01 | $74.03 | $71.18 | $56.82 |
| Shares Outstanding (Basic) | 693.6K | 730.9K | 757.3K | 777.7K | 789.6K | 793.3K | 787.2K | 801.2K |
| Shares Outstanding (Diluted) | 698.8K | 730.9K | 757.3K | 777.7K | 789.6K | 793.3K | 787.2K | 801.2K |
| Dividends Per Share | $19.35 | $18.10 | $17.10 | $16.15 | $15.30 | $14.75 | $14.20 | $13.90 |