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Farmers & Merchants Bancorp Inc

Financial Services US FMAO

20.47USD
-0.83(3.90%)

Last update at 2024-04-25T20:00:00Z

Day Range

20.3621.07
LowHigh

52 Week Range

16.8129.56
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 40.48M 29.50M 25.21M 22.63M 18.18M
Minority interest - - - - 0.00000M
Net income 32.52M 23.50M 20.09M 18.40M 14.95M
Selling general administrative 40.09M 36.75M 30.82M 28.45M 22.52M
Selling and marketing expenses 1.65M 1.44M 1.33M 1.57M 0.89M
Gross profit 100.37M 84.83M 74.87M 63.57M 49.34M
Reconciled depreciation 0.14M 1.58M 4.30M 3.52M 2.25M
Ebit 58.71M 29.50M 25.21M 22.63M 26.63M
Ebitda 58.85M 31.08M 26.24M 23.12M 27.00M
Depreciation and amortization 0.14M 1.58M 1.03M 0.49M 0.36M
Non operating income net other - - - - -
Operating income 58.71M 29.50M 25.21M 22.63M 24.75M
Other operating expenses -41.65600M -55.33000M -49.66000M -40.93700M 23.41M
Interest expense 14.36M 7.34M 10.39M 14.76M 6.57M
Tax provision 7.96M 6.00M 5.11M 4.23M 3.23M
Interest income 100.83M 76.67M 70.03M 68.01M 46.21M
Net interest income 86.47M 69.32M 59.63M 53.25M 39.64M
Extraordinary items - - - - 0.00000M
Non recurring - - - - 0.00000M
Other items - - - - 0.00000M
Income tax expense 7.96M 6.00M 5.11M 4.23M 3.23M
Total revenue 100.37M 84.83M 74.87M 63.57M 49.34M
Total operating expenses -41.65600M -55.33000M -49.66000M -40.93700M 23.41M
Cost of revenue - - - - 0.00000M
Total other income expense net -18.23500M -7.34200M -10.39300M -14.75900M 18.18M
Discontinued operations - - - - 0.00000M
Net income from continuing ops 32.52M 23.50M 20.09M 18.40M 14.95M
Net income applicable to common shares 32.52M 23.50M 20.09M 18.26M 14.80M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 3015.35M 2638.30M 1909.54M 1607.33M 1116.16M
Intangible assets 3.55M 3.16M 3.32M 2.63M 2.38M
Earning assets - - - 253.05M 192.40M
Other current assets 0.83M 1513.37M 1107.33M 1026.17M 705.00M
Total liab 2717.21M 98.54M 17.86M 24.81M 972.88M
Total stockholder equity 298.14M 297.17M 249.16M 230.26M 143.29M
Deferred long term liab - - - - 0.00000M
Other current liab 2468.86M 2.46M 1596.16M 1.77M 1.38M
Common stock 135.50M 122.67M 81.80M 81.53M 10.82M
Capital stock 135.50M 122.67M 81.80M 81.53M 10.82M
Retained earnings 212.45M 189.40M 173.59M 160.08M 147.89M
Other liab 1.26M 1.04M 0.64M 0.48M 0.27M
Good will 86.36M 80.43M 47.34M 47.34M 4.07M
Other assets 2426.74M 1513.37M 1107.33M 1026.17M -209.95800M
Cash 87.53M 146.40M 102.93M 54.45M 41.51M
Cash and equivalents - - - - -
Total current liabilities 2490.93M 2213.33M 1612.28M 1321.51M 972.60M
Current deferred revenue - - - - -
Net debt 84.54M -47.86200M -85.07100M -29.64000M -41.51100M
Short term debt - - 17.00M 16.96M 0.81M
Short long term debt - - - 16.96M 0.81M
Short long term debt total 172.07M 98.54M 17.86M 24.81M 32.18M
Other stockholder equity -11.57300M -11.72400M -11.93200M -12.45600M -12.40900M
Property plant equipment 28.38M 26.91M 27.13M 26.35M 22.61M
Total current assets 473.87M 576.33M 410.74M 276.74M 209.96M
Long term investments 400.59M 438.09M 1610.81M 228.10M 172.13M
Net tangible assets 211.78M 216.73M 201.82M 179.02M 139.21M
Short term investments 390.79M 429.93M 307.81M 222.29M 168.45M
Net receivables - - - - -
Long term debt 172.07M 98.54M 17.86M 24.81M 24.89M
Inventory - 0.16M 0.07M 0.21M 0.60M
Accounts payable 22.07M 2193.46M 16.12M 1288.35M 928.79M
Total permanent equity - - - - 0.00000M
Noncontrolling interest in consolidated entity - - - - 0.00000M
Temporary equity redeemable noncontrolling interests - - - - 0.00000M
Accumulated other comprehensive income -38.23300M -3.18400M 5.70M 1.10M -3.01400M
Additional paid in capital - - - - 0.00000M
Common stock total equity 135.50M 122.67M 81.80M 81.53M 10.82M
Preferred stock total equity - - - - 0.00000M
Retained earnings total equity 212.45M 189.40M 173.59M 160.08M 147.89M
Treasury stock -11.57300M -11.72400M -11.93200M -12.45600M -12.40900M
Accumulated amortization - - - - -
Non currrent assets other -404.41500M -548.59700M -391.47400M -304.42300M 914.96M
Deferred long term asset charges - - - - -
Non current assets total 114.74M 548.60M 391.47M 304.42M 1116.16M
Capital lease obligations - - - - -
Long term debt total 44.59M 74.47M - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -356.82600M -83.28900M 18.15M -34.33100M 2.57M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities -389.90400M -265.69400M -177.72400M -149.31600M 0.07M
Net borrowings 97.54M 73.29M -25.32700M -8.04600M -12.31400M
Total cash from financing activities 252.82M 236.07M 274.75M 138.32M -8.31000M
Change to operating activities -5.26500M 3.17M -0.57300M 5.67M -7.82800M
Net income 32.52M 23.50M 20.09M 18.40M 14.95M
Change in cash -96.41400M 5.12M 124.41M 12.93M 3.90M
Begin period cash flow 180.82M 175.71M 51.30M 38.37M 34.47M
End period cash flow 84.41M 180.82M 175.71M 51.30M 38.37M
Total cash from operating activities 40.67M 34.74M 27.38M 23.93M 12.14M
Issuance of capital stock - - - - -
Depreciation 4.02M 4.99M 4.30M 3.52M 2.25M
Other cashflows from investing activities -30.47800M 0.01M -192.65000M -111.47500M 0.11M
Dividends paid -10.27600M -7.67000M -7.18600M -6.34500M 4.96M
Change to inventory - - - - 0.00000M
Change to account receivables - - - - 0.00000M
Sale purchase of stock -0.30800M -0.33800M -0.38300M -0.38100M -0.49000M
Other cashflows from financing activities 330.80M 244.24M 289.81M 168.98M 2.14M
Change to netincome 12.30M 3.04M 2.40M -3.12600M 0.40M
Capital expenditures 2.60M 1.97M 3.22M 3.51M 2.61M
Change receivables - - - - -
Cash flows other operating -10.24400M 1.21M -0.68300M 4.31M -6.41400M
Exchange rate changes - - - - -
Cash and cash equivalents changes -96.41400M 5.12M 124.41M 12.93M 3.90M
Change in working capital -5.95600M 2.53M -0.93200M 5.67M -6.42300M
Stock based compensation 0.90M 0.82M 1.02M 1.09M 0.74M
Other non cash items 9.02M 4.71M 4.59M -4.97200M 0.15M
Free cash flow 38.07M 32.78M 24.16M 20.42M 9.53M

Fundamentals

  • Previous Close 21.30
  • Market Cap334.82M
  • Volume15338
  • P/E Ratio13.76
  • Dividend Yield3.61%
  • Revenue TTM98.24M
  • Revenue Per Share TTM7.29
  • Gross Profit TTM 97.72M
  • Diluted EPS TTM1.78

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
FMAO
Farmers & Merchants Bancorp Inc
-0.83 3.90% 20.47 13.76 14.53 3.41 1.05
HDB
HDFC Bank Limited ADR
0.07 0.12% 58.33 20.81 20.96 0.11 4.77
CIHHF
China Merchants Bank Co Ltd Class H
- -% 4.01 4.13 3.71 0.32 0.59
CIHKY
China Merchants Bank Co Ltd
0.76 3.62% 21.76 4.27 3.64 0.33 0.58
IBN
ICICI Bank Limited
0.41 1.57% 26.60 17.79 16.95 0.07 3.08

Reports Covered

Stock Research & News

Profile

Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer and credit card lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles, as well as home and personal loan. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, remote deposit capture or electronic deposit processing, and merchant credit card services. It also offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.

Farmers & Merchants Bancorp Inc

307 North Defiance Street, Archbold, OH, United States, 43502

Key Executives

Name Title Year Born
Mr. Lars B. Eller Pres, CEO & Director 1967
Ms. Barbara J. Britenriker Exec. VP, CFO & Chief Retail Banking Officer 1962
Ms. Shalini Singhal Sr. VP & Chief Information Officer 1976
Ms. Benet S. Rupp Exec. VP & Chief Admin. Officer 1966
Ms. Marilyn K. Johnson VP and Compliance & CRA Mang. NA
Deborah L. Shinabery VP of Sales & Retail Skills Devel. Mang. NA
Ms. Amy L. Cover VP & Chief Marketing Officer NA
Ms. Diann K. Meyer-Grieser VP & Human Resource Mang. 1961
Ms. Alexis Smith VP & Chief People Officer NA
Mr. David R. Gerken Sr. VP & Sr. Commercial Banking Mang. NA

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