FMCB— FARMERS & MERCHANTS BANCORP

FinancialsBanking$955M mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Interest and fees on loans and leases	$218.7M-2.1%	$223.3M+9.2%	$204.5M+24.7%	$164.0M
Interest and dividends on investment securities	$49.0M+53.9%	$31.9M+42.2%	$22.4M+0.5%	$22.3M
Interest on deposits with others	$11.8M-29.9%	$16.9M-37.3%	$26.9M+122.0%	$12.1M
Total interest income	$279.5M+2.8%	$272.0M+7.2%	$253.8M+27.9%	$198.4M
Deposits	$59.6M-6.1%	$63.4M+69.1%	$37.5M+762.8%	$4.3M
Borrowed funds	$0-100.0%	$986K	$0	$0
Subordinated debentures	$767K-11.9%	$871K+3.0%	$846K+72.3%	$491K
Total interest expense	$60.3M-7.6%	$65.3M+70.2%	$38.4M+692.7%	$4.8M
Net interest income	$219.2M+6.0%	$206.7M-4.0%	$215.4M+11.3%	$193.6M
Provision for credit losses	$3.5M	$0-100.0%	$9.4M+45.8%	$6.5M
Net interest income after provision for credit losses	$215.7M+4.3%	$206.7M+0.3%	$206.0M+10.1%	$187.1M
Card processing	$7.0M+1.1%	$7.0M+3.9%	$6.7M-6.1%	$7.1M
Service charges on deposit accounts	$3.1M+0.6%	$3.1M+10.9%	$2.8M-1.4%	$2.8M
Increase in cash surrender value of BOLI	$2.5M+4.1%	$2.4M+19.9%	$2.0M-9.2%	$2.2M
Gain on BOLI death benefit	$0-100.0%	$4K-99.9%	$4.3M	$0
Net gain/(loss) on sale of securities	$44K-94.0%	$743K+109.1%	-$8.2M+23.3%	-$10.7M
Net gain on deferred compensation benefits	$4.6M+41.6%	$3.3M+10.0%	$3.0M+559.4%	$451K
Other	$6.3M+49.1%	$4.2M-1.8%	$4.3M+1.4%	$4.3M
Total non-interest income	$23.6M+14.2%	$20.7M+38.8%	$14.9M+141.4%	$6.2M
Salaries and employee benefits	$74.1M+2.3%	$72.5M+2.2%	$70.9M+10.3%	$64.3M
Data processing	$6.9M+14.2%	$6.1M+14.4%	$5.3M+6.5%	$5.0M
Occupancy	$5.1M+0.6%	$5.1M+5.2%	$4.8M+2.5%	$4.7M
Deposit insurance	$3.0M+5.1%	$2.9M+3.0%	$2.8M+56.4%	$1.8M
Professional services	$3.7M+1.8%	$3.6M+53.7%	$2.3M-5.1%	$2.5M
Marketing	$1.9M-3.7%	$2.0M+4.4%	$1.9M+42.4%	$1.3M
Net gain on deferred compensation benefits	$4.6M+41.6%	$3.3M+10.0%	$3.0M+559.4%	$451K
Other	$11.2M+13.6%	$9.8M-26.4%	$13.4M-1.9%	$13.6M
Total non-interest expense	$110.5M+5.1%	$105.1M+0.8%	$104.3M+11.5%	$93.6M
INCOME BEFORE INCOME TAXES	$128.8M+5.3%	$122.2M+4.9%	$116.6M+16.9%	$99.7M
Income tax expense	$35.2M+4.1%	$33.8M+19.6%	$28.2M+14.6%	$24.7M
NET INCOME	$93.6M+5.8%	$88.5M+0.2%	$88.3M+17.6%	$75.1M
Basic (in Dollars per share)	$134.96+11.5%	$121.02+3.8%	$116.61+20.8%	$96.55
Diluted (in Dollars per share)	$133.96+10.7%	$121.02+3.8%	$116.61+20.8%	$96.55
Basic (in Shares)	694K-5.1%	731K-3.5%	757K-99.9%	777.7M
Diluted (in Shares)	699K-4.4%	731K-3.5%	757K-99.9%	777.7M

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.