Farmers & Merchants Bancorp, Inc. (FMAO)

Nasdaq: FMAO · Savings Institution, Federally Chartered · Archbold, OH · filing with the SEC since 1996

Grade4.6

◀ Past 4.0● Present 5.1▶ Future 4.9

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 27, 2026	Feb 26, 2025	Feb 27, 2024	Feb 24, 2023	Feb 22, 2022	Feb 24, 2021	Feb 26, 2020	Feb 27, 2019	Feb 28, 2018	Feb 22, 2017
For lenders
Interest and dividend income	173,544	163,572	139,808	101,149	76,840	70,169	68,306	46,429	41,248	37,727
Interest and investment income	3,432	9,741	3,850	906	324	242	1,206	314	124	·
Interest expense on deposits and borrowings	69,252	77,660	58,411	14,362	·	·	·	·	·	·
Net interest income	104,292	85,912	81,397	86,787	69,498	59,776	53,547	39,857	36,121	33,504
Provision for credit losses	2,596	944	1,698	4,600	3,444	6,981	1,138	324	222	1,121
Net interest income after provision	102,202	85,639	79,653	82,187	66,054	52,795	52,409	39,533	35,899	32,383
Noninterest income	17,135	15,621	15,905^r	15,796^r	17,609	16,787	11,820	10,864	10,735	11,368
Noninterest expense	76,812	68,687	67,204^r	57,508^r	54,166	44,376	41,467^r	32,147^r	28,731	27,431
Selling, general and administrative	5,937	5,421	6,373^r	5,881^r	8,175	6,098	6,251^r	4,244^r	4,004^r	3,838^r
Interest expense	·	·	58,411	14,362	7,342	10,393	14,759	6,572	5,127	4,223
Income before income taxes	42,525	32,573	28,354	40,475	29,497	25,206	22,762^r	18,250^r	17,903	16,320
Income tax expense	9,216	6,635	5,567	7,960	6,002	5,111	4,360^r	3,301^r	5,183	4,656
Net income including non-controlling interests	33,309	25,938	22,787	32,515	23,495	20,095	18,402	14,949	12,720	11,664
Net income	33,309	25,938	22,787	32,515	23,495	20,095	18,402	14,949	12,720	11,664
Net income to common shareholders	32,902	25,433	22,539	32,231	23,304	19,942	18,264	14,799	12,598	11,563
Earnings per share, basic	2.43	1.90	1.67	2.46	2.01	1.80	·	·	·	·
Earnings per share, diluted	2.43	1.90	1.67	2.46	2.01	1.80	·	·	·	·
Earnings per share, basic and diluted	·	·	·	·	2.01	1.80	1.66	1.61	1.38	1.27^r
Weighted average shares, basic	13,559,873	13,418,729	13,492,903	13,091,422	11,570,218	11,061,391	11,030,441	9,179,964	9,162,161	9,144,266^r

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 2-for-1 split of Sep 2017.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest and investment income what its cash and investments earnedus-gaap:InterestIncomeOther

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLossesExpensed
us-gaap:ProvisionForLoanAndLeaseLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

SI Assistanton FMAO · research, not advice