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Farmers & Merchants Bancorp
OTC:FMCB

Watchlist Manager
Farmers & Merchants Bancorp
OTC:FMCB
Watchlist
Price: 1 150 USD Market Closed
Market Cap: $828m
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Net Interest Income
+
3Y
+20%
5Y
+48%
10Y
+152%
Non Interest Income
+
3Y
+63%
5Y
+52%
10Y
+42%
Net Income
+
3Y
+29%
5Y
+58%
10Y
+242%

Income Statement
Farmers & Merchants Bancorp

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Income Statement
Currency: USD
Sep-2001 Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Net Interest Income
42
40
40
39
40
41
41
42
43
44
45
46
48
50
51
54
56
58
61
62
64
64
63
63
63
64
65
65
67
68
70
71
73
75
76
76
75
75
74
74
75
74
74
74
74
73
73
73
73
74
75
75
76
79
81
83
85
87
89
92
94
95
98
101
105
108
111
115
119
126
131
136
139
141
143
143
145
150
154
159
160
161
163
168
179
194
207
165
215
159
210
208
207
208
211
215
Interest Income
67
64
61
58
55
54
54
54
54
55
56
56
58
59
61
65
68
73
77
81
85
88
91
93
95
96
96
95
94
93
92
93
92
91
90
88
86
85
84
83
83
82
82
81
80
79
77
76
76
77
77
78
79
82
84
86
88
90
93
95
98
99
102
106
111
115
118
122
126
134
140
147
151
155
156
155
156
159
162
165
165
165
167
172
183
198
215
183
254
200
270
272
272
272
273
275
Interest Expense
25
23
21
18
16
14
13
12
12
11
11
10
10
10
10
11
12
14
16
19
22
25
27
30
31
32
32
30
27
25
23
21
19
16
14
12
10
10
9
9
8
8
7
7
6
5
4
3
3
3
3
3
3
3
3
3
3
3
3
4
4
4
5
5
6
6
6
7
7
8
9
11
12
13
13
13
11
9
8
6
5
4
4
4
4
5
8
18
38
41
60
64
65
64
62
60
Non Interest Income
8
8
9
10
10
14
15
15
15
13
14
14
14
14
14
13
13
11
11
11
12
12
13
14
14
16
15
18
17
16
17
14
17
18
20
18
18
17
14
15
12
12
13
13
15
14
16
16
15
16
14
15
14
14
16
15
16
15
13
13
14
15
18
19
18
17
16
15
15
15
15
17
17
16
15
14
14
15
22
35
35
21
30
17
14
6
5
4
15
11
16
19
21
21
21
22
Revenue
49
N/A
49
-1%
49
0%
49
+1%
50
+2%
55
+9%
56
+2%
57
+2%
58
+2%
57
-2%
59
+3%
60
+3%
61
+2%
64
+4%
65
+2%
67
+3%
69
+3%
70
+1%
72
+3%
74
+3%
75
+2%
76
+1%
77
+1%
77
+1%
78
+0%
79
+2%
79
+0%
84
+6%
84
+0%
85
+1%
87
+3%
86
-1%
90
+5%
93
+4%
96
+3%
94
-2%
93
-1%
92
-1%
89
-4%
89
+0%
87
-2%
87
0%
87
+1%
87
-1%
89
+2%
88
-1%
88
+1%
88
+0%
88
0%
90
+1%
88
-2%
90
+2%
90
+1%
93
+3%
97
+4%
98
+1%
101
+3%
101
+1%
102
+1%
104
+2%
107
+3%
110
+3%
116
+5%
120
+3%
122
+2%
125
+2%
127
+2%
130
+2%
135
+4%
141
+4%
146
+4%
153
+5%
156
+2%
158
+1%
157
0%
157
-1%
160
+2%
165
+3%
176
+7%
194
+10%
195
+1%
182
-7%
193
+6%
185
-4%
193
+4%
200
+4%
212
+6%
169
-20%
230
+36%
170
-26%
226
+33%
227
+1%
227
+0%
229
+1%
233
+2%
237
+2%
Pre-Tax Income
Loan Loss Provision
(2)
(1)
(1)
(1)
(1)
(5)
(5)
(5)
(4)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(0)
(0)
(1)
0
(1)
(0)
0
(0)
(0)
(2)
(2)
(6)
(7)
(8)
(8)
(12)
(13)
(15)
(19)
(17)
(16)
(15)
(11)
(10)
(10)
(7)
(6)
(3)
(3)
(2)
(2)
(2)
(1)
(0)
(0)
(0)
(0)
(1)
(2)
(2)
(2)
(1)
(3)
(3)
(3)
(6)
(4)
(5)
(6)
(3)
(3)
(2)
(3)
(6)
(5)
(5)
(2)
(0)
(0)
(0)
(2)
(5)
(6)
(5)
(4)
(2)
(1)
(2)
(4)
(6)
(8)
(8)
(9)
(5)
(5)
(2)
0
(0)
(2)
(2)
Non Interest Expense
(28)
(28)
(28)
(28)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
(35)
(35)
(36)
(37)
(38)
(40)
(41)
(42)
(43)
(43)
(43)
(44)
(43)
(43)
(42)
(41)
(41)
(40)
(40)
(42)
(43)
(45)
(46)
(46)
(44)
(44)
(43)
(44)
(45)
(44)
(43)
(46)
(47)
(49)
(48)
(49)
(49)
(49)
(51)
(50)
(50)
(51)
(51)
(54)
(54)
(56)
(56)
(54)
(56)
(58)
(58)
(65)
(66)
(66)
(68)
(69)
(71)
(73)
(76)
(76)
(78)
(81)
(82)
(82)
(81)
(81)
(82)
(89)
(104)
(104)
(92)
(103)
(91)
(95)
(94)
(98)
(75)
(104)
(75)
(100)
(104)
(105)
(105)
(106)
(108)
Pre-Tax Income
20
N/A
20
+3%
20
0%
20
+0%
20
+1%
21
+1%
21
+2%
21
+2%
22
+3%
23
+4%
24
+4%
24
+4%
25
+3%
26
+5%
27
+3%
28
+2%
28
+2%
29
+1%
29
+3%
30
+3%
31
+3%
32
+3%
33
+2%
34
+2%
35
+3%
36
+3%
37
+3%
37
+2%
38
+1%
36
-3%
37
+0%
31
-14%
32
+1%
31
-1%
32
+1%
33
+5%
33
+0%
34
+2%
33
-2%
34
+1%
34
N/A
37
+9%
35
-4%
37
+5%
37
+1%
37
+1%
38
+1%
38
+2%
38
N/A
38
+0%
38
0%
39
+2%
39
+0%
41
+4%
41
+1%
42
+3%
43
+3%
44
+2%
45
+2%
46
+1%
46
+1%
46
-1%
47
+2%
48
+3%
50
+3%
55
+9%
56
+2%
57
+2%
58
+3%
60
+3%
65
+8%
70
+8%
73
+5%
75
+3%
76
+0%
75
0%
77
+2%
78
+2%
82
+5%
84
+3%
88
+4%
88
+1%
89
+1%
91
+3%
94
+3%
100
+6%
107
+7%
86
-19%
117
+35%
90
-23%
120
+34%
121
+1%
122
+1%
123
+1%
125
+1%
127
+2%
Net Income
Tax Provision
(8)
(8)
(8)
(8)
(8)
(7)
(7)
(7)
(7)
(8)
(8)
(9)
(9)
(10)
(10)
(10)
(10)
(10)
(11)
(11)
(11)
(12)
(12)
(12)
(12)
(13)
(14)
(14)
(14)
(14)
(14)
(11)
(11)
(11)
(12)
(12)
(12)
(12)
(12)
(12)
(12)
(13)
(13)
(13)
(14)
(14)
(14)
(14)
(14)
(14)
(14)
(14)
(14)
(15)
(15)
(16)
(17)
(17)
(17)
(17)
(17)
(16)
(16)
(17)
(18)
(20)
(19)
(18)
(16)
(14)
(16)
(17)
(19)
(19)
(19)
(19)
(19)
(19)
(20)
(21)
(22)
(22)
(22)
(22)
(23)
(25)
(25)
(21)
(28)
(24)
(32)
(33)
(34)
(35)
(35)
(35)
Income from Continuing Operations
12
12
12
12
13
13
14
14
15
15
15
16
16
17
17
18
18
18
19
19
20
21
21
22
22
23
23
23
23
23
23
20
20
20
20
21
21
22
21
21
21
24
22
23
23
23
23
24
24
24
24
25
25
25
26
26
27
27
28
29
29
30
30
31
32
35
37
39
43
46
49
53
54
56
57
57
58
59
61
63
66
66
67
69
71
75
82
66
88
66
88
88
88
89
90
92
Net Income (Common)
12
N/A
12
+2%
12
+0%
12
+1%
13
+2%
13
+5%
14
+3%
14
+2%
15
+3%
15
+2%
15
+3%
16
+3%
16
+2%
17
+3%
17
+3%
17
+3%
18
+3%
18
+2%
19
+3%
19
+3%
20
+3%
21
+3%
21
+3%
22
+3%
22
+3%
23
+2%
23
+1%
23
+1%
23
+1%
23
-3%
23
+1%
20
-13%
20
+1%
20
-1%
20
+1%
21
+5%
21
+0%
22
+4%
21
-3%
21
+1%
21
+0%
24
+12%
22
-7%
23
+4%
23
+0%
23
0%
23
+0%
24
+2%
24
+0%
24
+1%
24
0%
25
+2%
25
+0%
25
+3%
26
+0%
26
+3%
27
+2%
27
+2%
28
+3%
29
+2%
29
+2%
30
+2%
30
+2%
31
+3%
32
+3%
28
-12%
30
+7%
33
+8%
36
+10%
46
+25%
49
+8%
53
+7%
54
+3%
56
+3%
57
+1%
57
+0%
58
+2%
59
+1%
61
+4%
63
+3%
66
+4%
66
+1%
67
+1%
69
+3%
71
+3%
75
+6%
82
+9%
66
-20%
88
+35%
66
-25%
88
+33%
88
+0%
88
+0%
89
+0%
90
+1%
92
+2%
EPS (Diluted)
13.82
N/A
13.66
-1%
14.33
+5%
14.69
+3%
15.03
+2%
14.88
-1%
16.18
+9%
16.76
+4%
17.27
+3%
18.5
+7%
18.17
-2%
18.72
+3%
19.13
+2%
20.62
+8%
20.44
-1%
21.03
+3%
21.67
+3%
22.99
+6%
23.09
+0%
23.7
+3%
24.71
+4%
25.75
+4%
26.12
+1%
26.83
+3%
27.51
+3%
28.37
+3%
28.75
+1%
29.11
+1%
29.7
+2%
28.5
-4%
29.06
+2%
25.74
-11%
25.89
+1%
25
-3%
25.82
+3%
27.01
+5%
27.05
+0%
27.37
+1%
27.16
-1%
27.36
+1%
27.45
+0%
30
+9%
28.57
-5%
29.84
+4%
29.92
+0%
29.12
-3%
30.01
+3%
30.53
+2%
30.56
+0%
30.12
-1%
30.88
+3%
31.56
+2%
31.66
+0%
31.74
+0%
32.29
+2%
33.11
+3%
33.88
+2%
34.24
+1%
35.64
+4%
36.39
+2%
37.01
+2%
37.12
+0%
37.49
+1%
38.55
+3%
39.83
+3%
35.49
-11%
37.64
+6%
40.06
+6%
45.91
+15%
56.87
+24%
63
+11%
66.7
+6%
68.91
+3%
70
+2%
71.65
+2%
71.91
+0%
73.26
+2%
73.37
+0%
77.62
+6%
79.94
+3%
83.35
+4%
82.87
-1%
84.82
+2%
88.21
+4%
91.6
+4%
96.55
+5%
106.69
+11%
87.07
-18%
116.61
+34%
89.01
-24%
118.72
+33%
119.22
+0%
121.02
+2%
126.73
+5%
128.64
+2%
131.04
+2%

See Also

Summary
FMCB intrinsic value, competitors valuation, and company profile.
DCF Valuation
FMCB stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FMCB stock valuation using valuation multiples.
Wall Street Estimates
FMCB price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FMCB stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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