Farmers & Merchants Bancorp (FMAO)
Runs F&M Bank across community-banking markets in Ohio, Indiana, and Michigan.
$34.59
At close+0.70 (+2.07%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 41 | 42 | 45 | 45 | 45 | 44 | 47 | 48 | 49 | 48 | 51 |
| Cost of revenue | 17 | 19 | 18 | 20 | 20 | 19 | 18 | 18 | 18 | 17 | 16 | 17 |
| Gross profit | 22 | 23 | 24 | 24 | 25 | 26 | 27 | 29 | 30 | 31 | 32 | 34 |
| 16 | 16 | 17 | 17 | 17 | 16 | 18 | 19 | 19 | 18 | 19 | 19 | |
| 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 | 13 | 2 | 3 | 13 | |
| Selling & marketing | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 0 | 0 |
| General & administrative | 11 | 11 | 12 | 12 | 11 | 11 | 12 | 12 | 12 | 2 | 2 | 13 |
| Other expenses | 5 | 4 | 5 | 5 | 5 | 4 | 5 | 6 | 6 | 16 | 17 | 6 |
| Operating income | 6 | 7 | 7 | 7 | 8 | 11 | 9 | 10 | 11 | 13 | 12 | 15 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest income | 36 | 38 | 38 | 41 | 42 | 41 | 41 | 43 | 44 | 45 | 43 | 46 |
| Interest expense | 17 | 18 | 19 | 20 | 20 | 19 | 17 | 18 | 18 | 17 | 16 | 17 |
| Income before tax | 6 | 7 | 7 | 7 | 8 | 11 | 9 | 10 | 11 | 13 | 12 | 15 |
| Income tax expense | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 |
| Net income from continuing operations | 5 | 6 | 5 | 6 | 7 | 8 | 7 | 8 | 9 | 10 | 10 | 12 |
| Net income | 5 | 6 | 5 | 6 | 7 | 8 | 7 | 8 | 9 | 10 | 10 | 12 |
| EPS, basic | $0.35 | $0.41 | $0.39 | $0.42 | $0.48 | $0.61 | $0.51 | $0.56 | $0.64 | $0.71 | $0.70 | $0.86 |
| EPS, diluted | $0.35 | $0.41 | $0.39 | $0.42 | $0.48 | $0.61 | $0.51 | $0.56 | $0.64 | $0.71 | $0.70 | $0.86 |
| Weighted average shares, basic | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Weighted average shares, diluted | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| EBITDA | 7 | 8 | 8 | 9 | 10 | 12 | 10 | 11 | 13 | 15 | 14 | 15 |
| Depreciation & amortization | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 0 |
| EBIT | 6 | 7 | 7 | 7 | 8 | 11 | 9 | 10 | 11 | 13 | 12 | 15 |