How has Farmers & Merchants Bancorp's valuation allowance benefit changed year-over-year?

Farmers & Merchants Bancorp's valuation allowance benefit increased by 2400.0% year-over-year, from $48K to $1.2M.

Farmers & Merchants Bancorp FMAO Valuation allowance benefit

Revenue$32.4M+15.6%

Net income$9.6M+37.8%

EPS (diluted)$0.70+37.3%

Cash & equivalents$173.5M+0.3%

Total debt$5.7M-10.4%

Total equity$375.9M+9.1%

Total assets$3.5B+2.9%

Operating cash flow$7.7M-30.5%

CapEx$663.0K+71.8%

Free cash flow$7.0M-34.2%

Market cap$412.08M+25.6%

P/E11.5×-0.5×

P/S3.3×+0.2×

Net margin28.6%+2.5pp

FCF margin24.9%-13.0pp

Return on equity10%+1.7pp

Debt / equity0×0.0×

Reported directly by Farmers & Merchants Bancorp in its filing.

Tagged under the XBRL concept us-gaap:ServicingAssetAtAmortizedValueValuationAllowance.

The official record: Farmers & Merchants Bancorp’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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What is Farmers & Merchants Bancorp's valuation allowance benefit?: Farmers & Merchants Bancorp (FMAO) reported valuation allowance benefit of $1.2M in Q1 2026.
How has Farmers & Merchants Bancorp's valuation allowance benefit changed year-over-year?: Farmers & Merchants Bancorp's valuation allowance benefit increased by 2400.0% year-over-year, from $48K to $1.2M.