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Other financials

Income statement

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Revenue$34.4M+15.9%
Net income$11.8M+53.0%
EPS (diluted)$0.86+53.6%

Balance sheet

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Cash & equivalents$156.4M+77.3%
Total debt$5.7M-10.4%
Total equity$384.7M+9.7%
Total assets$3.5B+4.7%

Cash flow

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Operating cash flow$10.8M+878%
CapEx$209.0K-70.9%
Free cash flow$10.6M+2,651%

Valuation

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Market cap$480.79M+42.5%
P/E12×+0.6×
P/S3.7×+0.6×

Profitability

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Net margin30.7%+3.8pp
FCF margin31.8%+3.5pp

Returns & leverage

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Return on equity10.9%+2.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Farmers & Merchants Bancorp in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

The source filing: Farmers & Merchants Bancorp’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:39 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-323955
Line itemSix Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Cash Flows from Operating Activities
Net income$21,375$14,662
Adjustments to reconcile net income to net cash from operating activities:
Depreciation1,9631,971
Amortization (accretion) of premiums and discounts on available-for-sale securities, net(207)113
Capitalized additions to servicing rights(761)(515)
Servicing rights amortization and impairment851361
Amortization of core deposit intangible548828

ITEM 1 FINANCIAL STATEMENTS

FAQ

What is Farmers & Merchants Bancorp's net income?
Farmers & Merchants Bancorp (FMAO) reported net income of $11.8M in Q2 2026.
How has Farmers & Merchants Bancorp's net income changed year-over-year?
Farmers & Merchants Bancorp's net income increased by 53.0% year-over-year, from $7.71M to $11.8M.
What is the long-term trend for Farmers & Merchants Bancorp's net income?
Over 4 years (2021 to 2025), Farmers & Merchants Bancorp's net income has grown at a 9.1% compound annual growth rate (CAGR), from $23.5M to $33.31M.
What does net income mean?
Net income as the starting point for the indirect method operating cash flow reconciliation.

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