FARMERS & MERCHANTS BANCORP INC — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that FARMERS & MERCHANTS BANCORP INC filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $9.79M | Feb 27, 2026 |
| FY2025 | Sep 30, 2025 | $8.85M | Feb 27, 2026 |
| FY2025 | Jun 30, 2025 | $7.71M | Feb 27, 2026 |
| FY2025 | Mar 31, 2025 | $6.95M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $8.38M | Feb 27, 2026 |
| FY2025 | Sep 30, 2024 | $6.52M | Feb 27, 2026 |
| FY2025 | Jun 30, 2024 | $5.68M | Feb 27, 2026 |
| FY2025 | Mar 31, 2024 | $5.36M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $5.54M | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | $4.78M | Feb 26, 2025 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $5.94M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $5.42M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $6.37M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $5.88M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $8.18M | Feb 27, 2024 |
| FY2022 | Dec 31, 2020 | $6.10M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $6.25M | Feb 22, 2022 |
| FY2020 | Dec 31, 2018 | $4.24M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $4.00M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $3.84M | Feb 27, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $36.74M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $32.47M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $22.15M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $40.67M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $34.74M | Feb 27, 2024 |
| FY2022 | Dec 31, 2020 | $27.38M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $23.93M | Feb 22, 2022 |
| FY2020 | Dec 31, 2018 | $10.74M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $17.65M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $12.43M | Feb 27, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.77M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $1.87M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $10.93M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $2.60M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $1.97M | Feb 27, 2024 |
| FY2022 | Dec 31, 2020 | $3.22M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $3.51M | Feb 22, 2022 |
| FY2020 | Dec 31, 2018 | $2.63M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $1.89M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $2.41M | Feb 27, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.43B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $3.36B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $3.28B | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $3.02B | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $2.64B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $1.91B | Feb 22, 2022 |
| FY2020 | Dec 31, 2019 | $1.61B | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $1.12B | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $1.11B | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $1.06B | Feb 28, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.06B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $3.03B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $2.97B | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $2.72B | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $2.34B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $1.66B | Feb 22, 2022 |
| FY2020 | Dec 31, 2019 | $1.38B | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $972.88M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $972.87M | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $930.32M | Feb 28, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $370.86M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $335.21M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $316.54M | Feb 27, 2026 |
| FY2025 | Dec 31, 2022 | $298.14M | Feb 27, 2026 |
| FY2024 | Dec 31, 2021 | $297.17M | Feb 26, 2025 |
| FY2023 | Dec 31, 2020 | $249.16M | Feb 27, 2024 |
| FY2022 | Dec 31, 2019 | $230.26M | Feb 24, 2023 |
| FY2021 | Dec 31, 2018 | $143.29M | Feb 22, 2022 |
| FY2020 | Dec 31, 2017 | $134.11M | Feb 24, 2021 |
| FY2019 | Dec 31, 2016 | $125.58M | Feb 26, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $86.36M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $86.36M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $86.36M | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $86.36M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $80.43M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $47.34M | Feb 22, 2022 |
| FY2020 | Dec 31, 2019 | $47.34M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $4.07M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $4.07M | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $4.07M | Feb 28, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $257.86M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $235.85M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $221.08M | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $212.45M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $189.40M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $173.59M | Feb 22, 2022 |
| FY2020 | Dec 31, 2019 | $160.08M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $147.89M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $136.58M | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $127.87M | Feb 28, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2014 | Dec 31, 2014 | $24.30M | Feb 25, 2015 |
| FY2014 | Dec 31, 2013 | $19.26M | Feb 25, 2015 |
| FY2014 | Dec 31, 2012 | $44.09M | Feb 25, 2015 |
| FY2014 | Dec 31, 2011 | $43.14M | Feb 25, 2015 |
| FY2013 | Dec 31, 2010 | $43.38M | Feb 26, 2014 |
| FY2012 | Dec 31, 2009 | $33.65M | Feb 25, 2013 |
| FY2011 | Dec 31, 2008 | $20.89M | Feb 24, 2012 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Feb 27, 2026 |
| FY2025 | Sep 30, 2025 | 0 | Feb 27, 2026 |
| FY2025 | Jun 30, 2025 | 0 | Feb 27, 2026 |
| FY2025 | Mar 31, 2025 | 0 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Feb 27, 2026 |
| FY2025 | Sep 30, 2024 | 0 | Feb 27, 2026 |
| FY2025 | Jun 30, 2024 | 0 | Feb 27, 2026 |
| FY2025 | Mar 31, 2024 | 0 | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | 0 | Feb 26, 2025 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Feb 27, 2026 |
| FY2025 | Sep 30, 2025 | 0 | Feb 27, 2026 |
| FY2025 | Jun 30, 2025 | 0 | Feb 27, 2026 |
| FY2025 | Mar 31, 2025 | 0 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Feb 27, 2026 |
| FY2025 | Sep 30, 2024 | 0 | Feb 27, 2026 |
| FY2025 | Jun 30, 2024 | 0 | Feb 27, 2026 |
| FY2025 | Mar 31, 2024 | 0 | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | 0 | Feb 26, 2025 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 13.75M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 13.70M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 13.66M | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | 14.56M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | 14.06M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | 12.23M | Feb 22, 2022 |
| FY2020 | Dec 31, 2019 | 12.23M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | 10.40M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | 10.40M | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | 10.40M | Feb 28, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $12.09M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $11.92M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $11.34M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $10.28M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $7.67M | Feb 27, 2024 |
| FY2022 | Dec 31, 2020 | $7.19M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $6.35M | Feb 22, 2022 |
| FY2020 | Dec 31, 2018 | $4.96M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $4.44M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $4.12M | Feb 27, 2019 |