Farmers and Merchants Bancshares, Inc.
Income Statement
| Line Item | FY2017 | FY2016 |
|---|---|---|
| Revenue | $16.2M | $15.5M |
| Cost of Revenue | — | — |
| Gross Profit | — | — |
| Gross Margin | — | — |
| Operating Expenses | ||
| Research & Development | — | — |
| SG&A Expense | — | — |
| Operating Income | $7.5M | $7.3M |
| Operating Margin | 46.2% | 47.1% |
| Interest Expense | $1.7M | $1.3M |
| Pretax Income | $5.8M | $5.9M |
| Income Tax Expense | $2.0M | $2.0M |
| Net Income | $3.8M | $3.9M |
| Net Margin | 23.4% | 25.3% |
| EPS (Basic) | $2.28 | $2.37 |
| EPS (Diluted) | $2.28 | $2.37 |
| Shares Outstanding (Basic) | 1.7M | 1.7M |
| Shares Outstanding (Diluted) | 1.7M | 1.7M |
| Dividends Per Share | $0.76 | $0.70 |