Farmers & Merchants Bancorp, Inc. (FMAO) - Quarterly Income Statement

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FMAO
Financials

28.19 (USD) • At close July 3, 2025

Overview | Financials

Numbers are in millions (except for per share data and ratios) USD.

	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2	2021 Q1	2020 Q4	2020 Q3	2020 Q2	2020 Q1	2019 Q4	2019 Q3	2019 Q2	2019 Q1	2018 Q4	2018 Q3	2018 Q2	2018 Q1	2017 Q4	2017 Q3	2017 Q2	2017 Q1	2016 Q4	2016 Q3	2016 Q2	2016 Q1	2015 Q4	2015 Q3	2015 Q2	2015 Q1	2014 Q4	2014 Q3	2014 Q2	2014 Q1	2013 Q4	2013 Q3	2013 Q2	2013 Q1	2012 Q4	2012 Q3	2012 Q2	2012 Q1	2011 Q4	2011 Q3	2011 Q2	2011 Q1	2010 Q4	2010 Q3	2010 Q2	2010 Q1	2009 Q4	2009 Q3	2009 Q2	2009 Q1	2008 Q4	2008 Q3	2008 Q2	2008 Q1	2007 Q4	2007 Q3	2007 Q2	2007 Q1	2006 Q4	2006 Q3	2006 Q2	2006 Q1	2005 Q4	2005 Q3	2005 Q2	2005 Q1	2004 Q4	2004 Q3	2004 Q2	2004 Q1	2003 Q4	2003 Q3	2003 Q2	2003 Q1	2002 Q4	2002 Q3	2002 Q2	2002 Q1	2001 Q4	2001 Q3	2001 Q2	2001 Q1	2000 Q4	2000 Q3	2000 Q2	2000 Q1	1999 Q4	1999 Q3	1999 Q2	1999 Q1
Revenue Numbers are in millions	44.445	45.286	45.145	44.631	41.898	41.446	39.093	37.416	35.356	33.061	28.999	26.953	25.715	26.449	23.517	20.871	21.332	23.287	21.571	20.23	20.171	19.682	19.735	20.818	18.095	14.373	14.108	14.011	13.417	13.611	12.901	12.591	12	12.603	12.511	12.271	11.629	11.434	11.239	10.983	10.735	11.1	11.137	10.873	10.369	10.555	10.38	10.577	10.61	11.489	10.883	11.042	10.821	11.566	10.421	10.525	11.08	12.429	12.407	11.802	12.134	12.853	11.764	12.101	12.219	12.467	12.264	12.742	12.833	13.206	12.912	12.926	12.764	12.825	12.358	12.025	11.491	12.052	11.054	10.873	10.564	10.991	10.623	10.593	10.571	12.791	11.771	12.774	11.758	12.977	6.449	6.674	6.288	7.512	8.336	8.338	8.468	9.643	8.886	8.1	7.449	6.354	6.826	6.644	6.396
Cost of Revenue Numbers are in millions	17.644	19.247	20.327	20.378	17.981	18.802	17.081	13.273	10.999	7.69	4.901	3.675	2.696	2.832	2.331	2.195	3.428	4.01	4.256	4.267	4.841	4.541	4.359	3.882	3.115	1.922	1.812	1.659	1.503	1.387	1.432	1.278	1.252	1.278	1.407	1.386	1.273	1.008	1.178	1.054	0.972	0.944	1.177	1.414	1.372	1.334	1.432	1.296	1.4	1.737	1.768	1.731	1.752	2.028	2.084	2.766	2.993	2.907	3.877	4.794	4.61	3.486	4.654	4.506	4.133	5.062	4.465	4.839	5.563	6.026	5.886	5.524	5.156	5.061	5.489	4.4	4.11	3.955	3.09	2.954	3.114	2.881	2.909	3.133	3.184	4.516	4.036	4.633	8.001	6.997	3.718	3.723	4.084	5.279	6.001	6.305	6.695	8.116	7.321	6.4	5.72	5.297	5.252	5.165	4.849
Gross Profit Numbers are in millions	26.801	26.039	24.833	24.253	23.917	22.644	22.012	24.143	24.357	25.371	24.098	23.278	23.019	23.617	21.186	18.676	17.904	19.277	17.315	15.963	15.33	15.141	15.376	17.069	15.01	12.556	12.343	12.352	11.954	12.249	11.469	11.313	10.748	11.325	11.104	10.885	10.356	10.511	10.061	9.929	9.763	10.193	9.96	9.459	8.997	9.221	8.948	9.281	9.21	9.752	9.115	9.389	9.069	9.538	8.337	7.759	8.087	9.522	8.53	7.008	7.524	9.367	7.11	7.595	8.086	7.405	7.832	7.903	7.27	7.18	7.026	7.402	7.589	7.764	6.869	7.64	7.331	8.133	7.964	7.919	7.45	8.053	7.714	7.46	7.387	8.275	7.735	8.141	3.757	5.98	2.731	2.951	2.204	2.233	2.335	2.033	1.773	1.527	1.565	1.7	1.729	1.057	1.574	1.479	1.547
Gross Profit Ratio Numbers are in millions	0.603	0.575	0.55	0.543	0.571	0.546	0.563	0.645	0.689	0.767	0.831	0.864	0.895	0.893	0.901	0.895	0.839	0.828	0.803	0.789	0.76	0.769	0.779	0.82	0.83	0.874	0.875	0.882	0.891	0.9	0.889	0.898	0.896	0.899	0.888	0.887	0.891	0.919	0.895	0.904	0.909	0.918	0.894	0.87	0.868	0.874	0.862	0.877	0.868	0.849	0.838	0.85	0.838	0.825	0.8	0.737	0.73	0.766	0.688	0.594	0.62	0.729	0.604	0.628	0.662	0.594	0.639	0.62	0.567	0.544	0.544	0.573	0.595	0.605	0.556	0.635	0.638	0.675	0.72	0.728	0.705	0.733	0.726	0.704	0.699	0.647	0.657	0.637	0.32	0.461	0.423	0.442	0.351	0.297	0.28	0.244	0.209	0.158	0.176	0.21	0.232	0.166	0.231	0.223	0.242
Reseach & Development Expenses Numbers are in millions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
General & Administrative Expenses Numbers are in millions	12.325	11.138	11.469	11.703	11.93	11.348	10.748	10.708	12.267	11.478	9.334	9.424	9.849	9.782	9.31	9.009	8.653	7.502	8.415	7.096	7.574	6.91	7.156	6.702	7.681	5.713	5.626	5.247	5.466	5.927	5.369	5.105	5.086	5.412	5.429	5.183	5.437	5.343	5.119	4.971	5.186	5.219	5.186	4.75	4.877	4.866	4.807	4.449	4.745	3.248	4.382	4.318	4.402	3.782	4.731	4.667	4.864	9.251	4.632	4.531	4.647	8.677	2.922	2.657	3.052	7.467	3.049	2.905	2.883	2.555	2.622	2.062	2.907	2.734	2.692	2.704	2.629	2.61	2.782	2.711	2.584	2.724	2.654	2.385	2.458	2.695	2.126	2.14	2.287	4.623	4.425	4.568	4.18	3.979	4.265	4.674	4.068	3.973	4.193	4.388	3.841	4.104	3.825	3.836	3.586
Selling & Marketing Expenses Numbers are in millions	0.503	0.498	0.597	0.519	0.53	0.397	0.865	0.83	0.514	0.531	0.578	0.3	0.237	0.431	0.439	0.331	0.235	0.353	0.411	0.265	0.303	0.34	0.587	0.382	0.26	0.218	0.236	0.247	0.186	0	0.181	0.192	0.175	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
SG&A Numbers are in millions	12.828	11.636	12.066	12.222	12.46	11.745	11.613	11.538	12.781	12.009	9.912	9.724	10.086	10.213	9.749	9.34	8.888	7.855	8.826	7.361	7.877	7.25	7.743	7.084	7.941	5.931	5.862	5.494	5.652	5.927	5.55	5.297	5.261	5.412	5.429	5.183	5.437	5.343	5.119	4.971	5.186	5.219	5.186	4.75	4.877	4.866	4.807	4.449	4.745	3.248	4.382	4.318	4.402	3.782	4.731	4.667	4.864	9.251	4.632	4.531	4.647	8.677	2.922	2.657	3.052	7.467	3.049	2.905	2.883	2.555	2.622	2.062	2.907	2.734	2.692	2.704	2.629	2.61	2.782	2.711	2.584	2.724	2.654	2.385	2.458	2.695	2.126	2.14	2.287	4.623	4.425	4.568	4.18	3.979	4.265	4.674	4.068	3.973	4.193	4.388	3.841	4.104	3.825	3.836	3.586
Other Expenses Numbers are in millions	5.307	3.876	4.643	4.872	4.679	4.024	4.501	5.073	3.589	4.468	2.979	3.233	2.88	3.722	3.893	3.034	3.047	2.668	2.792	2.664	2.403	2.066	2.425	2.182	3.108	2.491	1.936	1.812	1.659	1.277	1.538	1.495	1.505	1.412	1.499	1.474	1.504	1.262	1.361	1.405	1.373	1.162	1.298	1.273	1.288	1.204	1.285	1.321	1.381	2.972	1.345	1.435	1.453	1.769	0.806	0.899	0.796	-2.748	0.88	0.737	1.29	-2.401	2.498	2.998	2.671	-1.823	2.308	2.176	2.238	2.052	2.077	2.571	1.81	2.148	1.271	2.233	1.987	2.509	2.133	2.199	2.121	2.4	1.99	2.154	2.102	2.746	1.918	1.963	1.946	-3.609	-7.119	-6.84	-6.835	-6.572	-7.101	-7.834	-7.244	-6.735	-7.184	-7.177	-6.448	-6.397	-5.97	-5.891	-5.565
Operating Expenses Numbers are in millions	18.041	15.512	16.709	17.094	17.139	15.769	16.114	16.611	16.308	16.477	12.891	12.957	12.966	13.935	13.642	12.374	11.935	10.523	11.618	9.998	10.253	9.316	10.168	9.266	11.049	8.422	7.798	7.306	7.311	7.205	7.088	6.792	6.766	6.824	6.928	6.657	6.941	6.605	6.48	6.376	6.559	6.381	6.484	6.023	6.165	6.07	6.092	5.77	6.126	6.22	5.727	5.753	5.855	5.551	5.537	5.566	5.66	6.503	5.512	5.268	5.937	6.276	5.42	5.655	5.723	5.644	5.357	5.081	5.121	4.607	4.699	4.633	4.717	4.882	3.963	4.937	4.616	5.119	4.915	4.91	4.705	5.124	4.644	4.539	4.56	5.441	4.044	4.103	4.233	1.014	-2.694	-2.272	-2.655	-2.593	-2.836	-3.16	-3.176	-2.762	-2.991	-2.789	-2.607	-2.293	-2.145	-2.055	-1.979
Operating Income Numbers are in millions	8.76	10.527	8.109	7.159	6.778	6.875	5.898	7.532	8.049	8.894	11.207	10.321	10.053	9.682	7.544	6.302	5.969	8.754	5.697	5.965	5.077	5.825	5.208	7.67	3.931	4.029	4.498	5.046	4.603	5.019	4.381	4.521	3.982	4.501	4.176	4.228	3.415	3.821	3.581	3.553	3.204	3.775	3.476	3.436	2.832	3.151	2.856	3.511	3.084	3.532	3.388	3.558	3.214	3.987	2.8	2.193	2.427	3.019	3.018	1.74	1.587	3.091	1.69	1.94	2.363	1.761	2.442	2.822	2.149	2.573	2.327	2.769	2.891	2.882	2.906	2.688	2.765	2.978	3.049	3.009	2.745	2.986	3.07	2.921	2.827	2.834	3.691	4.038	-0.476	4.966	5.425	5.223	4.859	4.826	5.171	5.193	4.949	4.289	4.556	4.489	4.336	3.35	3.719	3.534	3.526
Operating Income Ratio Numbers are in millions	0.197	0.232	0.18	0.16	0.162	0.166	0.151	0.201	0.228	0.269	0.386	0.383	0.391	0.366	0.321	0.302	0.28	0.376	0.264	0.295	0.252	0.296	0.264	0.368	0.217	0.28	0.319	0.36	0.343	0.369	0.34	0.359	0.332	0.357	0.334	0.345	0.294	0.334	0.319	0.323	0.298	0.34	0.312	0.316	0.273	0.299	0.275	0.332	0.291	0.307	0.311	0.322	0.297	0.345	0.269	0.208	0.219	0.243	0.243	0.147	0.131	0.24	0.144	0.16	0.193	0.141	0.199	0.221	0.167	0.195	0.18	0.214	0.226	0.225	0.235	0.224	0.241	0.247	0.276	0.277	0.26	0.272	0.289	0.276	0.267	0.222	0.314	0.316	-0.04	0.383	0.841	0.783	0.773	0.642	0.62	0.623	0.584	0.445	0.513	0.554	0.582	0.527	0.545	0.532	0.551
Total Other Income Expenses Net Numbers are in millions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Income Before Tax Numbers are in millions	8.76	10.527	8.109	7.159	6.778	6.875	5.898	7.532	8.049	8.894	11.207	10.321	10.053	9.682	7.544	6.302	5.969	8.754	5.697	5.938	5.05	5.825	5.208	7.67	3.931	4.029	4.498	5.046	4.603	5.019	4.381	4.521	3.982	4.501	4.176	4.228	3.415	3.821	3.581	3.553	3.204	3.775	3.476	3.436	2.832	3.151	2.856	3.511	3.084	3.532	3.388	3.558	3.214	3.987	2.8	2.193	2.427	3.019	3.018	1.74	1.587	3.091	1.69	1.94	2.363	1.761	2.442	2.822	2.149	2.573	2.327	2.769	2.891	2.882	2.906	2.688	2.765	2.978	3.049	3.009	2.745	2.986	3.07	2.921	2.827	2.834	3.691	4.038	-0.476	4.966	5.425	5.223	4.859	4.826	5.171	5.193	4.948	4.289	4.556	4.489	4.336	3.35	3.719	3.534	3.526
Income Before Tax Ratio Numbers are in millions	0.197	0.232	0.18	0.16	0.162	0.166	0.151	0.201	0.228	0.269	0.386	0.383	0.391	0.366	0.321	0.302	0.28	0.376	0.264	0.294	0.25	0.296	0.264	0.368	0.217	0.28	0.319	0.36	0.343	0.369	0.34	0.359	0.332	0.357	0.334	0.345	0.294	0.334	0.319	0.323	0.298	0.34	0.312	0.316	0.273	0.299	0.275	0.332	0.291	0.307	0.311	0.322	0.297	0.345	0.269	0.208	0.219	0.243	0.243	0.147	0.131	0.24	0.144	0.16	0.193	0.141	0.199	0.221	0.167	0.195	0.18	0.214	0.226	0.225	0.235	0.224	0.241	0.247	0.276	0.277	0.26	0.272	0.289	0.276	0.267	0.222	0.314	0.316	-0.04	0.383	0.841	0.783	0.773	0.642	0.62	0.623	0.584	0.445	0.513	0.554	0.582	0.527	0.545	0.532	0.551
Income Tax Expense Numbers are in millions	1.808	2.146	1.593	1.477	1.419	1.332	1.121	1.531	1.583	1.706	2.253	2.05	1.951	1.999	1.624	1.319	1.06	1.978	1.287	1.161	0.972	1.102	0.933	1.49	0.707	0.836	0.623	0.932	0.836	1.583	1.159	1.298	1.143	1.307	1.161	1.254	0.934	1.049	0.961	0.956	0.853	1.114	1.002	0.882	0.874	0.864	0.791	1.009	0.932	1.007	0.947	1.02	0.93	1.102	0.719	0.626	0.446	0.834	0.821	0.399	0.331	0.893	0.414	0.536	0.633	0.428	0.659	0.783	0.581	0.613	0.623	0.778	0.815	0.85	0.789	0.721	0.747	0.866	0.821	0.803	0.712	0.944	0.929	0.879	0.821	0.768	1.1	0.939	-0.347	1.374	1.98	1.903	1.797	1.872	2.009	2.032	1.908	1.615	1.728	1.685	1.622	1.163	1.316	1.221	1.213
Net Income Numbers are in millions	6.952	8.381	6.516	5.682	5.359	5.543	4.777	6.001	6.466	7.188	8.886	8.202	8.033	7.618	5.869	4.946	4.871	6.723	4.376	4.769	4.074	4.685	4.243	6.136	3.2	3.193	3.875	4.073	3.767	3.436	3.222	3.223	2.839	3.194	3.015	2.974	2.481	2.772	2.62	2.597	2.351	2.661	2.474	2.554	1.958	2.287	2.065	2.502	2.152	2.525	2.441	2.538	2.284	2.885	2.081	1.567	1.981	2.185	2.197	1.341	1.256	2.198	1.276	1.404	1.73	1.333	1.783	2.039	1.568	1.96	1.704	1.991	2.076	2.032	2.117	1.343	2.018	2.112	2.228	2.206	2.033	2.042	2.141	2.042	2.006	2.066	2.591	3.099	-0.129	3.592	3.445	3.32	3.062	2.954	3.162	3.161	3.041	2.674	2.828	2.804	2.714	2.187	2.403	2.313	2.313
Net Income Ratio Numbers are in millions	0.156	0.185	0.144	0.127	0.128	0.134	0.122	0.16	0.183	0.217	0.306	0.304	0.312	0.288	0.25	0.237	0.228	0.289	0.203	0.236	0.202	0.238	0.215	0.295	0.177	0.222	0.275	0.291	0.281	0.252	0.25	0.256	0.237	0.253	0.241	0.242	0.213	0.242	0.233	0.236	0.219	0.24	0.222	0.235	0.189	0.217	0.199	0.237	0.203	0.22	0.224	0.23	0.211	0.249	0.2	0.149	0.179	0.176	0.177	0.114	0.104	0.171	0.108	0.116	0.142	0.107	0.145	0.16	0.122	0.148	0.132	0.154	0.163	0.158	0.171	0.112	0.176	0.175	0.202	0.203	0.192	0.186	0.202	0.193	0.19	0.162	0.22	0.243	-0.011	0.277	0.534	0.497	0.487	0.393	0.379	0.379	0.359	0.277	0.318	0.346	0.364	0.344	0.352	0.348	0.362
EPS Numbers are in millions	0.51	0.61	0.48	0.42	0.39	0.41	0.35	0.44	0.48	0.53	0.68	0.63	0.62	0.59	0.53	0.45	0.44	0.6	0.4	0.43	0.37	0.43	0.38	0.56	0.29	0.34	0.42	0.44	0.41	0.37	0.35	0.35	0.31	0.35	0.33	0.33	0.27	0.3	0.28	0.28	0.26	0.29	0.27	0.28	0.21	0.25	0.22	0.27	0.23	0.27	0.26	0.27	0.24	0.31	0.22	0.17	0.21	0.23	0.24	0.14	0.14	0.23	0.14	0.15	0.18	0.14	3.82	0.21	3.61	0.19	3.63	3.49	3.37	0.2	0.21	3.11	3	0.2	0.72	0.69	0.7	0.32	0.66	0.64	0.64	0.34	0.64	0.6	0.58	0.61	0.56	0.54	0.51	0.51	0.52	0.52	0.53	0.48	0.49	0.48	0.49	0.41	0.43	0.42	0.42
EPS Diluted Numbers are in millions	0.51	0.61	0.48	0.42	0.39	0.41	0.35	0.44	0.48	0.53	0.68	0.63	0.62	0.59	0.53	0.45	0.44	0.6	0.4	0.43	0.37	0.43	0.38	0.56	0.29	0.34	0.42	0.44	0.41	0.37	0.35	0.35	0.31	0.35	0.33	0.33	0.27	0.3	0.28	0.28	0.26	0.29	0.27	0.28	0.21	0.25	0.22	0.27	0.23	0.27	0.26	0.27	0.24	0.31	0.22	0.17	0.21	0.23	0.24	0.14	0.14	0.23	0.14	0.15	0.18	0.14	3.82	0.21	3.61	0.19	3.63	3.49	3.37	0.2	0.21	3.11	3	0.2	0.72	0.69	0.7	0.32	0.66	0.64	0.64	0.34	0.64	0.6	0.58	0.61	0.56	0.54	0.51	0.51	0.52	0.52	0.53	0.48	0.49	0.48	0.49	0.41	0.43	0.42	0.42
EBITDA Numbers are in millions	10.318	11.939	9.846	8.779	8.381	8.299	7.369	8.973	9.487	10.04	12.117	11.318	11.018	10.715	8.748	7.7	7.324	9.729	6.858	7.131	6.019	6.491	6.202	8.618	4.844	4.476	5.111	5.654	5.178	5.335	4.964	5.213	4.602	5.042	4.757	4.775	3.952	4.189	4.151	4.126	3.755	4.183	4.06	3.998	3.395	3.585	3.329	4.014	3.603	4.084	3.965	4.102	3.775	4.49	3.23	2.698	2.934	3.47	3.67	2.217	2.073	3.301	2.253	2.717	3.074	2.523	2.427	3.391	2.492	2.896	2.661	3.103	3.216	3.089	3.259	3.075	3.188	2.737	3.584	3.584	3.336	2.479	3.699	3.603	3.497	3.297	4.071	4.977	-0.319	5.34	5.813	5.638	5.266	5.246	5.586	5.563	5.336	4.708	5	4.941	4.781	3.797	4.167	3.975	3.96
EBITDA Ratio Numbers are in millions	0.232	0.264	0.218	0.197	0.2	0.2	0.188	0.24	0.268	0.304	0.418	0.42	0.428	0.405	0.372	0.369	0.343	0.418	0.318	0.352	0.298	0.33	0.314	0.414	0.268	0.311	0.362	0.404	0.386	0.392	0.385	0.414	0.384	0.4	0.38	0.389	0.34	0.366	0.369	0.376	0.35	0.377	0.365	0.368	0.327	0.34	0.321	0.38	0.34	0.355	0.364	0.371	0.349	0.388	0.31	0.256	0.265	0.279	0.296	0.188	0.171	0.257	0.192	0.225	0.252	0.202	0.198	0.266	0.194	0.219	0.206	0.24	0.252	0.241	0.264	0.256	0.277	0.227	0.324	0.33	0.316	0.226	0.348	0.34	0.331	0.258	0.346	0.39	-0.027	0.411	0.901	0.845	0.837	0.698	0.67	0.667	0.63	0.488	0.563	0.61	0.642	0.598	0.61	0.598	0.619

Farmers & Merchants Bancorp, Inc.

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