FMCB
Farmers & Merchants Bancorp
Price Chart
Latest Quote
$1309.96
+5.31 (+0.41%)
Current Price
| Previous Close | $1304.65 |
| Open | $1309.96 |
| Day High | $1331.52 |
| Day Low | $1309.96 |
| Volume | 4 |
Stock Information
| Quarterly Dividend / Yield | $20.50 / 1.56% |
| Shares Outstanding | 692K |
| Quarterly Dividend Yield | 1.56% |
| Quarterly Dividend | $20.50 |
| Total Debt | $10.43M |
| Cash Equivalents | $384.34M |
| Revenue | $238.36M |
| Net Income | $94.67M |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | $906.87M |
| P/E Ratio | 9.60 |
| EPS (TTM) | $136.50 |
| Exchange | OQX |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $506.30M |
| Sales | $238.36M |
| Income | $94.67M |
| Book/sh | $975.27 |
| Cash/sh | $555.17 |
| Employees | 383 |
Financial Ratios
| EPS Growth TTM | 4.60% |
Returns & Margins
| ROA | 1.64% |
| ROE | 15.05% |
| Operating Margin | 53.97% |
| Profit Margin | 39.72% |
Ownership
| Insider Ownership | 12.67% |
| Institutional Ownership | 0.53% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 557.43 |
| P/S | 3.80 |
| P/B | 1.34 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $1334.09 |
| SMA50 | $1289.60 |
| SMA200 | $1132.81 |
| RSI | 37.46 |
| ATR | 48.2812 |
| Shares Float | 580K |
| Volatility | 0.14 |
| Rel Volume | 0.87 |
Performance History
| Week | -2.00% |
| Month | +0.54% |
| Quarter | +17.43% |
| 6 Months | +22.89% |
| YTD | +15.88% |
| Year | +34.03% |
| 3 Years | +39.84% |
| 5 Years | +63.43% |
| 10 Years | +155.10% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-18 | $1309.96 | 100 |
| 2026-06-17 | $1304.65 | 400 |
| 2026-06-16 | $1320.00 | 100 |
| 2026-06-15 | $1330.00 | 100 |
| 2026-06-12 | $1321.00 | 100 |
| 2026-06-11 | $1336.65 | 100 |
| 2026-06-10 | $1344.61 | 100 |
| 2026-06-09 | $1329.67 | 100 |
| 2026-06-08 | $1349.60 | 100 |
| 2026-06-05 | $1314.99 | 100 |
| 2026-06-04 | $1305.77 | 100 |
| 2026-06-03 | $1304.80 | 100 |
| 2026-06-02 | $1306.77 | 100 |
| 2026-06-01 | $1344.61 | 100 |
| 2026-05-29 | $1359.56 | 100 |
| 2026-05-28 | $1359.56 | 100 |
| 2026-05-27 | $1393.41 | 100 |
| 2026-05-26 | $1396.91 | 100 |
| 2026-05-22 | $1304.78 | 100 |
| 2026-05-21 | $1344.61 | 100 |
| 2026-05-20 | $1299.81 | 100 |
| 2026-05-19 | $1302.98 | 100 |
About Farmers & Merchants Bancorp
Farmers & Merchants Bancorp operates as the bank holding company for Farmers & Merchants Bank of Central California that provides various banking services to businesses and individuals in the United States. The company provides deposit products, including checking, savings, money market, time certificates of deposit, and individual retirement accounts. It also offers a range of lending products, such as commercial, commercial and residential real estate, real estate construction, agribusiness, and consumer loans, as well as equipment leases and credit card services; commercial products, including term loans, lines of credit and other working capital financing, and letters of credit; and financing products, such as automobile financing, home improvement, and home equity lines of credit. In addition, the company provides specialized services that include credit card programs for merchants, lockbox and other collection services, account reconciliation, investment sweep, online account access, and electronic funds transfers through domestic and international wire and automated clearinghouse; online banking services; and investment products, such as mutual funds and annuities. Farmers & Merchants Bancorp was founded in 1916 and is headquartered in Lodi, California.
Period:
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Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $224,106,000 | $227,325,000 | $199,300,000 | $179,378,000 |
| Operating Revenue | $224,106,000 | $227,325,000 | $199,300,000 | $179,378,000 |
| Expenses | ||||
| Interest Expense | $65,301,000 | $38,369,000 | $4,840,000 | $4,332,000 |
| Selling And Marketing Expense | $1,967,000 | $1,885,000 | $1,324,000 | $1,097,000 |
| General And Administrative Expense | $75,324,000 | $73,652,000 | $66,021,000 | $65,358,000 |
| Professional Expense And Contract Services Expense | $3,587,000 | $2,334,000 | $2,459,000 | $1,355,000 |
| Other Non Interest Expense | $15,894,000 | $18,657,000 | $18,588,000 | $16,662,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $88,457,000 | $88,314,000 | $75,090,000 | $66,336,000 |
| Net Interest Income | $206,676,000 | $215,385,000 | $193,573,000 | $160,936,000 |
| Interest Income | $271,977,000 | $253,754,000 | $198,413,000 | $165,268,000 |
| Normalized Income | $88,457,000 | $88,314,000 | $75,090,000 | $66,336,000 |
| Net Income From Continuing And Discontinued Operation | $88,457,000 | $88,314,000 | $75,090,000 | $66,336,000 |
| Net Income Common Stockholders | $88,457,000 | $88,314,000 | $75,090,000 | $66,336,000 |
| Net Income | $88,457,000 | $88,314,000 | $75,090,000 | $66,336,000 |
| Net Income Including Noncontrolling Interests | $88,457,000 | $88,314,000 | $75,090,000 | $66,336,000 |
| Net Income Continuous Operations | $88,457,000 | $88,314,000 | $75,090,000 | $66,336,000 |
| Pretax Income | $122,244,000 | $116,553,000 | $99,741,000 | $88,321,000 |
| Per Share | ||||
| Diluted EPS | $121.02 | $116.61 | $96.55 | $84.01 |
| Basic EPS | $126.40 | $116.61 | $96.55 | $84.01 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Reconciled Depreciation | $2,937,000 | $2,491,000 | $2,428,000 | $2,632,000 |
| Diluted Average Shares | $730,929 | $757,336 | $777,726 | $789,646 |
| Basic Average Shares | $699,798 | $757,336 | $777,726 | $789,646 |
| Diluted NI Availto Com Stockholders | $88,457,000 | $88,314,000 | $75,090,000 | $66,336,000 |
| Tax Provision | $33,787,000 | $28,239,000 | $24,651,000 | $21,985,000 |
| Gain On Sale Of Security | $743,000 | $-8,199,000 | $-10,689,000 | $2,554,000 |
| Selling General And Administration | $77,291,000 | $75,537,000 | $67,345,000 | $66,455,000 |
| Insurance And Claims | $2,852,000 | $2,769,000 | $1,771,000 | $1,498,000 |
| Salaries And Wages | $72,472,000 | $70,883,000 | $64,250,000 | $63,860,000 |
| Occupancy And Equipment | $5,090,000 | $4,837,000 | $4,717,000 | $4,675,000 |
Fetched: 2026-02-06
Balance Sheet (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $560,202,000 | $536,336,000 | $471,316,000 | $448,551,000 |
| Total Assets | $5,370,196,000 | $5,308,928,000 | $5,327,399,000 | $5,177,720,000 |
| Goodwill And Other Intangible Assets | $12,870,000 | $13,419,000 | $13,992,000 | $14,585,000 |
| Other Intangible Assets | $1,687,000 | $2,236,000 | $2,809,000 | $3,402,000 |
| Receivables | $203,717,000 | $191,667,000 | $134,231,000 | $115,069,000 |
| Other Receivables | $173,565,000 | $163,147,000 | $112,629,000 | $96,971,000 |
| Accounts Receivable | $30,152,000 | $28,520,000 | $21,602,000 | $18,098,000 |
| Cash And Cash Equivalents | $212,563,000 | $410,642,000 | $588,257,000 | $715,460,000 |
| Cash Financial | $71,058,000 | $72,267,000 | $73,358,000 | $52,499,000 |
| Cash Cash Equivalents And Federal Funds Sold | $212,563,000 | $410,642,000 | $588,257,000 | $715,460,000 |
| Debt | ||||
| Total Debt | $10,310,000 | $10,310,000 | $10,310,000 | $10,310,000 |
| Long Term Debt And Capital Lease Obligation | $10,310,000 | $10,310,000 | $10,310,000 | $10,310,000 |
| Long Term Debt | $10,310,000 | $10,310,000 | $10,310,000 | $10,310,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $4,797,124,000 | $4,759,173,000 | $4,842,091,000 | $4,714,584,000 |
| Payables And Accrued Expenses | - | $80,768,000 | $72,512,000 | $64,122,000 |
| Payables | - | $80,768,000 | $72,512,000 | $64,122,000 |
| Accounts Payable | - | $80,768,000 | $72,512,000 | $64,122,000 |
| Equity | ||||
| Common Stock Equity | $573,072,000 | $549,755,000 | $485,308,000 | $463,136,000 |
| Total Equity Gross Minority Interest | $573,072,000 | $549,755,000 | $485,308,000 | $463,136,000 |
| Stockholders Equity | $573,072,000 | $549,755,000 | $485,308,000 | $463,136,000 |
| Gains Losses Not Affecting Retained Earnings | $-19,366,000 | $-12,464,000 | $-21,838,000 | $-1,719,000 |
| Other Equity Adjustments | $-19,366,000 | $-12,464,000 | $-21,838,000 | $-1,719,000 |
| Retained Earnings | $592,431,000 | $525,360,000 | $449,932,000 | $387,331,000 |
| Other | ||||
| Ordinary Shares Number | $699,798 | $747,971 | $768,337 | $789,646 |
| Share Issued | $699,798 | $747,971 | $768,337 | $789,646 |
| Tangible Book Value | $560,202,000 | $536,336,000 | $471,316,000 | $448,551,000 |
| Invested Capital | $583,382,000 | $560,065,000 | $495,618,000 | $473,446,000 |
| Total Capitalization | $583,382,000 | $560,065,000 | $495,618,000 | $473,446,000 |
| Additional Paid In Capital | $0 | $36,852,000 | $57,206,000 | $77,516,000 |
| Capital Stock | $7,000 | $7,000 | $8,000 | $8,000 |
| Common Stock | $7,000 | $7,000 | $8,000 | $8,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Investments And Advances | $1,248,956,000 | $1,015,299,000 | $1,013,366,000 | $1,023,055,000 |
| Held To Maturity Securities | $768,993,000 | $817,238,000 | $844,953,000 | $736,744,000 |
| Available For Sale Securities | $15,549,000 | $15,549,000 | $15,549,000 | $15,549,000 |
| Goodwill | $11,183,000 | $11,183,000 | $11,183,000 | $11,183,000 |
| Net PPE | $51,367,000 | $51,907,000 | $49,476,000 | $47,730,000 |
| Accumulated Depreciation | $-38,552,000 | $-40,302,000 | $-38,983,000 | $-37,555,000 |
| Gross PPE | $89,919,000 | $92,209,000 | $88,459,000 | $85,285,000 |
| Leases | $4,559,000 | $3,982,000 | $3,982,000 | $3,658,000 |
| Machinery Furniture Equipment | $20,762,000 | $24,236,000 | $23,203,000 | $22,302,000 |
| Buildings And Improvements | $64,598,000 | $63,991,000 | $61,274,000 | $59,325,000 |
| Other Short Term Investments | $464,414,000 | $182,512,000 | $152,864,000 | $270,762,000 |
| Other Properties | - | - | - | $527,000 |
Fetched: 2026-02-06
Cash Flow Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $101,336,000 | $88,376,000 | $97,588,000 | $57,894,000 |
| Operating Activities | ||||
| Operating Cash Flow | $103,735,000 | $93,348,000 | $101,778,000 | $59,963,000 |
| Cash Flow From Continuing Operating Activities | $103,735,000 | $93,348,000 | $101,778,000 | $59,963,000 |
| Operating Gains Losses | $-743,000 | $8,199,000 | $10,689,000 | $-2,554,000 |
| Investing Activities | ||||
| Capital Expenditure | $-2,399,000 | $-4,972,000 | $-4,190,000 | $-2,069,000 |
| Investing Cash Flow | $-274,580,000 | $-146,548,000 | $-315,299,000 | $-296,150,000 |
| Cash Flow From Continuing Investing Activities | $-274,580,000 | $-146,548,000 | $-315,299,000 | $-296,150,000 |
| Net Other Investing Changes | $3,280,000 | $4,507,000 | $679,000 | $1,696,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-45,261,000 | $-20,355,000 | $-20,310,000 | $0 |
| Financing Cash Flow | $-27,234,000 | $-124,415,000 | $86,318,000 | $567,810,000 |
| Cash Flow From Continuing Financing Activities | $-27,234,000 | $-124,415,000 | $86,318,000 | $567,810,000 |
| Cash Dividends Paid | $-13,017,000 | $-12,886,000 | $-12,489,000 | $-12,075,000 |
| Common Stock Dividend Paid | $-13,017,000 | $-12,886,000 | $-12,489,000 | $-12,075,000 |
| Net Common Stock Issuance | $-45,261,000 | $-20,355,000 | $-20,310,000 | $0 |
| Other | ||||
| Interest Paid Supplemental Data | $65,085,000 | $29,280,000 | $5,785,000 | $29,941,000 |
| Income Tax Paid Supplemental Data | $8,391,000 | $12,662,000 | $12,469,000 | $4,369,000 |
| End Cash Position | $212,563,000 | $410,642,000 | $588,257,000 | $715,460,000 |
| Beginning Cash Position | $410,642,000 | $588,257,000 | $715,460,000 | $383,837,000 |
| Changes In Cash | $-198,079,000 | $-177,615,000 | $-127,203,000 | $331,623,000 |
| Common Stock Payments | $-45,261,000 | $-20,355,000 | $-20,310,000 | $0 |
| Net Investment Purchase And Sale | $-251,117,000 | $10,350,000 | $-36,727,000 | $-158,561,000 |
| Sale Of Investment | $158,500,000 | $108,620,000 | $153,997,000 | $504,894,000 |
| Purchase Of Investment | $-409,617,000 | $-98,270,000 | $-190,724,000 | $-663,455,000 |
| Net PPE Purchase And Sale | $-2,399,000 | $-4,972,000 | $-4,190,000 | $-2,069,000 |
| Purchase Of PPE | $-2,399,000 | $-4,972,000 | $-4,190,000 | $-2,069,000 |
| Change In Working Capital | $8,771,000 | $-2,978,000 | $4,648,000 | $-6,752,000 |
| Change In Other Current Liabilities | $15,500,000 | $13,814,000 | $12,910,000 | $5,680,000 |
| Change In Other Current Assets | $-6,729,000 | $-16,792,000 | $-8,262,000 | $-12,432,000 |
| Other Non Cash Items | $-2,434,000 | $-6,373,000 | $-2,233,000 | $-2,175,000 |
| Deferred Tax | $8,128,000 | $-5,603,000 | $4,330,000 | $-880,000 |
| Deferred Income Tax | $8,128,000 | $-5,603,000 | $4,330,000 | $-880,000 |
| Depreciation Amortization Depletion | $2,937,000 | $2,491,000 | $2,428,000 | $2,632,000 |
| Depreciation And Amortization | $2,937,000 | $2,491,000 | $2,428,000 | $2,632,000 |
| Gain Loss On Investment Securities | $-743,000 | $8,199,000 | $10,689,000 | $-2,554,000 |
| Net Income From Continuing Operations | $88,457,000 | $88,314,000 | $75,090,000 | $66,336,000 |
| Sale Of PPE | - | - | $73,000 | $1,696,000 |
Fetched: 2026-02-06