FARMERS & MERCHANTS BANCORP — 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 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 | $93.61M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $88.46M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $88.31M | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $75.09M | Mar 17, 2025 |
| FY2023 | Dec 31, 2021 | $66.34M | Mar 14, 2024 |
| FY2020 | Dec 31, 2020 | $15.49M | Mar 15, 2021 |
| FY2020 | Sep 30, 2020 | $14.81M | Mar 15, 2021 |
| FY2020 | Jun 30, 2020 | $14.31M | Mar 15, 2021 |
| FY2020 | Mar 31, 2020 | $14.12M | Mar 15, 2021 |
| FY2020 | Dec 31, 2019 | $14.64M | Mar 15, 2021 |
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 | $104.19M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $103.74M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $93.35M | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $101.78M | Mar 17, 2025 |
| FY2023 | Dec 31, 2021 | $59.96M | Mar 14, 2024 |
| FY2022 | Dec 31, 2020 | $58.12M | Mar 15, 2023 |
| FY2021 | Dec 31, 2019 | $80.86M | Mar 16, 2022 |
| FY2020 | Dec 31, 2018 | $57.77M | Mar 15, 2021 |
| FY2019 | Dec 31, 2017 | $39.94M | Mar 13, 2020 |
| FY2018 | Dec 31, 2016 | $34.81M | Mar 15, 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 | $7.58M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $2.40M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $4.97M | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $4.19M | Mar 17, 2025 |
| FY2023 | Dec 31, 2021 | $2.07M | Mar 14, 2024 |
| FY2022 | Dec 31, 2020 | $7.71M | Mar 15, 2023 |
| FY2021 | Dec 31, 2019 | $15.54M | Mar 16, 2022 |
| FY2020 | Dec 31, 2018 | $4.58M | Mar 15, 2021 |
| FY2019 | Dec 31, 2017 | $4.25M | Mar 13, 2020 |
| FY2018 | Dec 31, 2016 | $1.50M | Mar 15, 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 | $5.69B | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $5.37B | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $5.31B | Mar 17, 2025 |
| FY2023 | Dec 31, 2022 | $5.33B | Mar 14, 2024 |
| FY2022 | Dec 31, 2021 | $5.18B | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $4.55B | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $3.72B | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | $3.43B | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | $3.08B | Mar 15, 2019 |
| FY2017 | Dec 31, 2016 | $2.92B | Mar 16, 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 | $5.04B | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $4.80B | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $4.76B | Mar 17, 2025 |
| FY2023 | Dec 31, 2022 | $4.84B | Mar 14, 2024 |
| FY2022 | Dec 31, 2021 | $4.71B | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $4.13B | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $3.35B | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | $3.12B | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | $2.78B | Mar 15, 2019 |
| FY2017 | Dec 31, 2016 | $2.64B | Mar 16, 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 | $645.51M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $573.07M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $549.76M | Mar 13, 2026 |
| FY2025 | Dec 31, 2022 | $485.31M | Mar 13, 2026 |
| FY2024 | Dec 31, 2021 | $463.14M | Mar 17, 2025 |
| FY2023 | Dec 31, 2020 | $423.67M | Mar 14, 2024 |
| FY2022 | Dec 31, 2019 | $369.30M | Mar 15, 2023 |
| FY2021 | Dec 31, 2018 | $311.22M | Mar 16, 2022 |
| FY2020 | Dec 31, 2017 | $299.66M | Mar 15, 2021 |
| FY2019 | Dec 31, 2016 | $279.98M | Mar 13, 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 | $11.18M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $11.18M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $11.18M | Mar 17, 2025 |
| FY2023 | Dec 31, 2022 | $11.18M | Mar 14, 2024 |
| FY2022 | Dec 31, 2021 | $11.18M | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $11.18M | Mar 16, 2022 |
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 | $669.26M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $592.43M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $525.36M | Mar 17, 2025 |
| FY2023 | Dec 31, 2022 | $449.93M | Mar 14, 2024 |
| FY2022 | Dec 31, 2021 | $387.33M | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $333.07M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $286.04M | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | $241.22M | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | $206.85M | Mar 15, 2019 |
| FY2017 | Dec 31, 2016 | $189.31M | Mar 16, 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 |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $144.86M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $212.56M | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | $410.64M | Mar 17, 2025 |
| FY2023 | Dec 31, 2022 | $588.26M | Mar 14, 2024 |
| FY2022 | Dec 31, 2021 | $715.46M | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $383.84M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $294.76M | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | $145.56M | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | $187.15M | Mar 15, 2019 |
| FY2018 | Dec 31, 2016 | $98.86M | Mar 15, 2019 |
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 | 134 | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | 121 | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | 116 | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | 96 | Mar 17, 2025 |
| FY2023 | Dec 31, 2021 | 84 | Mar 14, 2024 |
| FY2022 | Dec 31, 2020 | 74 | Mar 15, 2023 |
| FY2021 | Dec 31, 2019 | 71 | Mar 16, 2022 |
| FY2019 | Dec 31, 2018 | 56 | Mar 13, 2020 |
| FY2017 | Dec 31, 2017 | 4 | Mar 16, 2018 |
| FY2017 | Sep 30, 2017 | 10 | Mar 16, 2018 |
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 | 133 | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | 121 | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | 116 | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | 96 | Mar 17, 2025 |
| FY2023 | Dec 31, 2021 | 84 | Mar 14, 2024 |
| FY2022 | Dec 31, 2020 | 74 | Mar 15, 2023 |
| FY2021 | Dec 31, 2019 | 71 | Mar 16, 2022 |
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 | 697,904 | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | 699,798 | Mar 13, 2026 |
| FY2024 | Dec 31, 2023 | 747,971 | Mar 17, 2025 |
| FY2023 | Dec 31, 2022 | 768,337 | Mar 14, 2024 |
| FY2022 | Dec 31, 2021 | 789,646 | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | 789,646 | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | 793,033 | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | 783,721 | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | 812,304 | Mar 15, 2019 |
| FY2017 | Dec 31, 2016 | 807,329 | Mar 16, 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 | $13.84M | Mar 13, 2026 |
| FY2025 | Dec 31, 2024 | $13.02M | Mar 13, 2026 |
| FY2025 | Dec 31, 2023 | $12.89M | Mar 13, 2026 |
| FY2024 | Dec 31, 2022 | $12.49M | Mar 17, 2025 |
| FY2023 | Dec 31, 2021 | $12.08M | Mar 14, 2024 |
| FY2022 | Dec 31, 2020 | $11.70M | Mar 15, 2023 |
| FY2021 | Dec 31, 2019 | $11.22M | Mar 16, 2022 |
| FY2020 | Dec 31, 2018 | $11.15M | Mar 15, 2021 |
| FY2019 | Dec 31, 2017 | $10.98M | Mar 13, 2020 |
| FY2018 | Dec 31, 2016 | $10.48M | Mar 15, 2019 |