FARMERS & MERCHANTS BANCORP INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Selling, general & administrative | $5.9M | $5.4M | $6.4M | $5.9M | $8.2M |
| Interest expense | — | — | $58.4M | $14.4M | $7.3M |
| Pretax income | $42.5M | $32.6M | $28.4M | $40.5M | $29.5M |
| Income tax expense | $9.2M | $6.6M | $5.6M | $8.0M | $6.0M |
| Net income | $33.3M | $25.9M | $22.8M | $32.5M | $23.5M |
| Balance Sheet | |||||
| Total assets | $3.4B | $3.4B | $3.3B | $3.0B | $2.6B |
| Total liabilities | $3.1B | $3.0B | $3.0B | $2.7B | $2.3B |
| Stockholders' equity | $370.9M | $335.2M | $316.5M | $298.1M | $297.2M |
| Cash Flow Statement | |||||
| Cash from operations | $36.7M | $32.5M | $22.1M | $40.7M | $34.7M |
| Depreciation and amortization | $3.6M | $3.8M | $3.4M | $2.7M | $2.6M |
| Stock-based compensation | $1.4M | $1.4M | $1.3M | $899,000 | $822,000 |
| Capital expenditure | $1.8M | $1.9M | $10.9M | $2.6M | $2.0M |
| Free cash flow | $35.0M | $30.6M | $11.2M | $38.1M | $32.8M |
| Dividends paid | $12.1M | $11.9M | $11.3M | $10.3M | $7.7M |
| Share repurchases | $362,000 | $664,000 | $218,000 | $308,000 | $338,000 |
Shares outstanding 13.8M · Free float 96.2%
Annual filing data through FY ended December 31, 2025; float as of July 10, 2026.