Financial Snapshot

Revenue
$160.0M
TTM
Gross Margin
Net Earnings
$23.10M
TTM
Current Assets
Current Liabilities
$71.12M
Q3 2024
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$335.4M
Q3 2024
Cash
Q3 2024
P/E
19.37
Nov 29, 2024 EST
Free Cash Flow
$37.37M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $139.8M $101.1M $76.84M $70.17M $68.31M $41.25M $37.73M $33.65M $33.45M $31.43M $33.27M $36.66M
YoY Change 38.22% 31.64% 9.51% 2.73% 9.33% 12.12% 0.59% 6.44% -5.55% -9.24%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $139.8M $101.1M $76.84M $70.17M $68.31M $41.25M $37.73M $33.65M $33.45M $31.43M $33.27M $36.66M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Selling, General & Admin $10.64M $9.577M $8.175M $6.098M $6.251M $4.244M $4.004M $3.838M $5.672M $6.020M $5.559M $5.109M $4.165M
YoY Change 11.08% 17.15% 34.06% -2.45% 47.29% 5.99% 4.33% -32.33% -5.78% 8.29% 8.81% 22.67%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.400M $2.700M $2.600M $2.500M $2.300M $1.700M $1.600M $1.500M $1.400M $1.300M $1.200M $1.200M $1.100M $2.070M $2.260M $1.660M $1.320M $1.370M
YoY Change 25.93% 3.85% 4.0% 8.7% 35.29% 6.25% 6.67% 7.14% 7.69% 8.33% 0.0% 9.09% -46.86% -8.41% 36.14% 25.76% -3.65% -6.16%
% of Gross Profit
Operating Expenses $10.64M $9.577M $8.175M $6.098M $6.251M $4.244M $4.004M $3.838M $5.672M $6.020M $5.559M $5.109M $4.165M
YoY Change 11.08% 17.15% 34.06% -2.45% 47.29% 5.99% 4.33% -32.33% -5.78% 8.29% 8.81% 22.67%
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Interest Expense $58.41M $14.36M $7.342M $10.39M $14.76M $6.572M $5.127M $4.223M $3.587M $3.716M $4.604M $6.250M $8.156M
YoY Change 306.71% 95.61% -29.36% -29.58% 124.57% 28.18% 21.41% 17.73% -3.47% -19.29% -26.34% -23.37%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Pretax Income $28.35M $40.48M $29.50M $25.21M $22.76M $18.25M $17.90M $16.32M $14.16M $13.52M $12.60M $13.69M $11.41M $9.360M $9.080M $9.170M $10.56M $11.24M
YoY Change -29.95% 37.2% 17.04% 10.74% 24.72% 1.94% 9.7% 15.26% 4.75% 7.25% -7.95% 20.03% 21.87% 3.08% -0.98% -13.16% -6.05% -4.58%
Income Tax $5.567M $7.960M $6.002M $5.111M $4.360M $3.301M $5.183M $4.656M $3.819M $3.871M $3.596M $3.904M $2.893M $2.380M $2.480M $2.450M $2.830M $3.110M
% Of Pretax Income 19.63% 19.67% 20.35% 20.28% 19.15% 18.09% 28.95% 28.53% 26.97% 28.64% 28.53% 28.51% 25.36% 25.43% 27.31% 26.72% 26.8% 27.67%
Net Earnings $22.79M $32.52M $23.50M $20.10M $18.40M $14.95M $12.72M $11.66M $10.34M $9.646M $9.007M $9.788M $8.514M $6.980M $6.610M $6.720M $7.730M $8.140M
YoY Change -29.92% 38.39% 16.92% 9.2% 23.1% 17.52% 9.05% 12.8% 7.19% 7.09% -7.98% 14.96% 21.98% 5.6% -1.64% -13.07% -5.04% -5.13%
Net Earnings / Revenue 16.3% 32.15% 30.58% 28.64% 26.94% 30.84% 30.92% 30.73% 28.83% 28.66% 29.42% 23.22%
Basic Earnings Per Share $1.67 $2.46 $2.01 $1.80 $2.08 $1.93 $2.08
Diluted Earnings Per Share $1.67 $2.46 $2.031M $1.817M $1.668M $1.629M $1.389M $1.276M $1.120M $1.042M $963.6K $1.043M $907.2K $739.4K $697.3K $693.5K $757.8K $785.0K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $41.72M $28.66M $26.90M $27.10M $26.40M $22.60M $21.70M $21.50M $20.60M $20.30M $18.70M $17.60M $17.00M $17.20M $16.10M $16.80M $17.10M $14.20M
YoY Change 45.56% 6.54% -0.74% 2.65% 16.81% 4.15% 0.93% 4.37% 1.48% 8.56% 6.25% 3.53% -1.16% 6.83% -4.17% -1.75% 20.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets $3.283B $3.015B $2.638B $1.910B $1.607B $1.116B $1.107B $1.056B $989.1M $941.2M $965.9M $946.7M $923.0M $906.4M $853.9M $805.7M $804.0M $737.1M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $27.58M $19.24M $17.40M $14.20M $14.10M $10.50M $7.800M $6.700M $7.800M $7.200M $5.600M $9.300M $8.500M $5.400M $5.500M $4.700M $6.100M $5.100M
YoY Change 43.36% 10.56% 22.54% 0.71% 34.29% 34.62% 16.42% -14.1% 8.33% 28.57% -39.78% 9.41% 57.41% -1.82% 17.02% -22.95% 19.61%
Deferred Revenue
YoY Change
Short-Term Debt $28.22M $54.21M $29.30M $30.20M $48.10M $32.20M $39.50M $70.30M $78.80M $56.00M $69.80M $51.30M $52.40M $51.20M $43.30M $48.20M $41.30M $34.80M
YoY Change -47.94% 85.0% -2.98% -37.21% 49.38% -18.48% -43.81% -10.79% 40.71% -19.77% 36.06% -2.1% 2.34% 18.24% -10.17% 16.71% 18.68%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $58.77M $22.07M $19.90M $16.10M $15.90M $11.90M $9.000M $7.800M $8.800M $8.200M $6.600M $10.20M $9.400M $6.300M $6.400M $5.600M $6.900M $5.900M
YoY Change 166.29% 10.9% 23.6% 1.26% 33.61% 32.22% 15.38% -11.36% 7.32% 24.24% -35.29% 8.51% 49.21% -1.56% 14.29% -18.84% 16.95%
Long-Term Debt $34.70M $44.59M $74.50M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -22.17% -40.15%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $34.70M $44.59M $74.50M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -22.17% -40.15%
Total Liabilities $2.967B $2.717B $2.341B $1.660B $1.377B $972.9M $972.9M $930.3M $869.0M $826.7M $857.3M $836.4M $817.9M $812.0M $760.3M $715.2M $714.6M $649.4M
YoY Change 9.18% 16.07% 41.0% 20.57% 41.55% 0.0% 4.58% 7.05% 5.12% -3.57% 2.5% 2.26% 0.73% 6.8% 6.31% 0.08% 10.04%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Basic Shares Outstanding 13.49M 13.09M 11.57M 11.06M 11.03M 9.180M 9.162M 9.144M 9.164M shares 4.596M shares 4.646M shares 4.666M shares
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $447.56 Million

About FARMERS & MERCHANTS BANCORP INC

Farmers & Merchants Bancorp, Inc. is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. The company is headquartered in Archbold, Ohio and currently employs 446 full-time employees. The company went IPO on 2004-11-23. The firm's primary subsidiary, The Farmers & Merchants State Bank (Bank) is a local independent community bank that is primarily serves Northwest Ohio and Northeast Indiana. The Bank is engaged in the general commercial banking business. Its activities include commercial, agricultural, and residential mortgage as well as consumer lending activities. The Bank also provides checking account services, as well as savings and time deposit services such as certificates of deposits. Its loan portfolio is comprised of loans made to customers in the farming industry for such things as farmland, farm equipment, livestock and operating loans for seed, fertilizer, and feed. The Bank provides on-line banking access for consumer and business customers. In addition, it also provides automated teller machines (ATMs) or interactive teller machines (ITMs) at the branch locations along with other independent locations in the market area.

Industry: Savings Institution, Federally Chartered Peers: AMERICAN NATIONAL BANKSHARES INC. Capital Bancorp Inc First Internet Bancorp SOUTHERN FIRST BANCSHARES INC MACATAWA BANK CORP PEOPLES FINANCIAL SERVICES CORP. PNC FINANCIAL SERVICES GROUP, INC. SUMMIT FINANCIAL GROUP, INC. WEST BANCORPORATION INC