Financial Snapshot

Revenue
$205.1M
TTM
Gross Margin
Net Earnings
$88.04M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$602.7M
Q3 2024
Cash
Q3 2024
P/E
8.428
Dec 02, 2024 EST
Free Cash Flow
$52.78M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue $253.8M $198.4M $165.3M $159.3M $154.6M $133.5M $114.6M
YoY Change 27.89% 20.06% 3.75% 3.02% 15.86% 16.44%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue $253.8M $198.4M $165.3M $159.3M $154.6M $133.5M $114.6M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

No data

Operating Profits/Loss

No data

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.500M $2.400M $2.632M $2.769M $2.756M $2.421M $2.186M $1.910M $1.690M $1.330M $1.510M $1.700M $1.800M $1.870M $1.890M $1.880M $1.930M $1.890M $1.610M $1.570M $1.550M $1.580M $1.590M $1.760M $1.770M $1.640M
YoY Change 4.17% -8.81% -4.95% 0.47% 13.84% 10.75% 14.45% 13.02% 27.07% -11.92% -11.18% -5.56% -3.74% -1.06% 0.53% -2.59% 2.12% 17.39% 2.55% 1.29% -1.9% -0.63% -9.66% -0.56% 7.93% 4.46%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Interest Expense $38.37M $4.840M $4.332M $9.491M $13.19M $7.950M $6.289M
YoY Change 692.75% 11.73% -54.36% -28.07% 65.96% 26.41%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Pretax Income $116.6M $99.74M $88.32M $77.95M $75.31M $59.73M $54.48M $45.80M $44.30M $40.50M $38.30M $37.30M $36.60M $34.10M $31.30M $36.40M $35.60M $32.40M $28.70M $26.30M $22.80M $20.50M $20.10M $17.70M $14.10M $12.10M
YoY Change 16.86% 12.93% 13.3% 3.5% 26.09% 9.63% 18.95% 3.39% 9.38% 5.74% 2.68% 1.91% 7.33% 8.95% -14.01% 2.25% 9.88% 12.89% 9.13% 15.35% 11.22% 1.99% 13.56% 25.53% 16.53% 142.0%
Income Tax $28.24M $24.65M $21.99M $19.22M $19.28M $14.20M $26.11M $16.10M $16.90M $15.10M $14.20M $14.00M $12.60M $12.20M $11.30M $13.60M $12.90M $11.80M $10.20M $9.600M $8.000M $7.100M $7.800M $6.700M $4.900M $4.000M
% Of Pretax Income 24.23% 24.72% 24.89% 24.65% 25.6% 23.78% 47.93% 35.15% 38.15% 37.28% 37.08% 37.53% 34.43% 35.78% 36.1% 37.36% 36.24% 36.42% 35.54% 36.5% 35.09% 34.63% 38.81% 37.85% 34.75% 33.06%
Net Earnings $88.31M $75.09M $66.34M $58.73M $56.04M $45.53M $28.37M $29.70M $27.40M $25.40M $24.10M $23.30M $24.00M $21.90M $20.00M $22.80M $22.70M $20.60M $18.40M $16.50M $14.80M $13.40M $12.30M $11.00M $9.200M $8.100M
YoY Change 17.61% 13.2% 12.94% 4.81% 23.08% 60.48% -4.48% 8.39% 7.87% 5.39% 3.43% -2.92% 9.59% 9.5% -12.28% 0.44% 10.19% 11.96% 11.52% 11.49% 10.45% 8.94% 11.82% 19.57% 13.58% 102.5%
Net Earnings / Revenue 34.8% 37.85% 40.14% 36.87% 36.24% 34.11% 24.75%
Basic Earnings Per Share $116.60 $96.55 $84.01 $74.03 $71.18 $56.82 $35.03
Diluted Earnings Per Share $116.60 $96.55 $84.01 $74.03 $71.18 $56.88M $35.50M $37.13M $34.25M $31.75M $30.13M $29.13M $30.00M $27.37M $25.00M $28.50M $28.37M $25.75M $23.00M $20.63M $18.50M $14.89M $13.67M $12.22M $10.22M $9.000M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

No data

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
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 $54.61M $52.88M $51.80M $54.90M $50.30M $32.60M $28.70M $29.20M $26.60M $25.80M $22.90M $22.90M $24.10M $24.20M $24.90M $21.70M $20.20M $20.50M $17.50M $15.00M $11.20M $11.30M $11.40M $11.60M $12.70M $11.70M
YoY Change 3.27% 2.08% -5.65% 9.15% 54.29% 13.59% -1.71% 9.77% 3.1% 12.66% 0.0% -4.98% -0.41% -2.81% 14.75% 7.43% -1.46% 17.14% 16.67% 33.93% -0.88% -0.88% -1.72% -8.66% 8.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $39.98M $31.51M $25.50M $18.00M $16.80M $18.10M $30.30M $27.10M $26.20M $32.60M
YoY Change 26.89% 23.56% 7.14% -7.18% -40.26% 11.81% 3.44% -19.63%
Total Long-Term Assets
YoY Change
Total Assets $5.309B $5.327B $5.178B $4.551B $3.722B $3.434B $3.076B $2.922B $2.615B $2.361B $2.076B $1.975B $1.920B $1.842B $1.781B $1.684B $1.519B $1.411B $1.353B $1.226B $1.149B $1.022B $970.9M $905.6M $819.9M $758.8M
YoY Change
Accounts Payable $77.97M $69.01M $60.00M $51.30M $62.20M $49.90M $42.30M $50.10M $75.70M $53.00M $48.20M $37.30M $33.30M $30.80M $27.70M $24.20M $25.70M $22.50M $16.20M $16.40M $11.40M $10.20M $9.400M $9.000M $13.50M $8.900M
YoY Change 12.98% 15.02% 16.96% -17.52% 24.65% 17.97% -15.57% -33.82% 42.83% 9.96% 29.22% 12.01% 8.12% 11.19% 14.46% -5.84% 14.22% 38.89% -1.22% 43.86% 11.76% 8.51% 4.44% -33.33% 51.69%
Accrued Expenses $2.800M $3.500M $4.100M $4.900M $2.000M
YoY Change -20.0% -14.63% -16.33% 145.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $60.00M $60.00M $60.00M $60.00M $0.00 $0.00 $700.0K $0.00 $1.000M $17.00M $0.00 $0.00 $0.00 $2.000M
YoY Change -100.0% 0.0% 0.0% 0.0% -100.0% -100.0% -94.12% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $80.77M $72.51M $64.10M $56.20M $64.20M $49.90M $42.30M $50.10M $75.70M $53.00M $48.20M $37.30M $33.30M $30.80M $27.70M $24.20M $25.70M $22.50M $16.20M $16.40M $11.40M $10.20M $9.400M $9.000M $13.50M $8.900M
YoY Change 11.39% 13.12% 14.06% -12.46% 28.66% 17.97% -15.57% -33.82% 42.83% 9.96% 29.22% 12.01% 8.12% 11.19% 14.46% -5.84% 14.22% 38.89% -1.22% 43.86% 11.76% 8.51% 4.44% -33.33% 51.69%
Long-Term Debt $10.31M $10.31M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 0.0% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $10.31M $10.31M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $10.30M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 0.0% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total Liabilities $4.759B $4.842B $4.715B $4.127B $3.353B $3.123B $2.776B $2.642B $2.364B $2.127B $1.866B $1.770B $1.730B $1.668B $1.616B $1.528B $1.376B $1.279B $1.229B $1.110B $1.039B $918.3M $870.1M $814.7M $739.7M $679.4M
YoY Change -1.71% 2.7% 14.24% 23.1% 7.35% 12.51% 5.06% 11.79% 11.1% 14.0% 5.45% 2.28% 3.72% 3.22% 5.79% 11.06% 7.58% 4.03% 10.78% 6.8% 13.14% 5.54% 6.8% 10.14% 8.88%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Basic Shares Outstanding 757.3K 777.7K 789.6K 793.3K 787.2K 801.2K 809.8K
Diluted Shares Outstanding 757.3K 777.7K 789.6K 793.3K 787.2K
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $741.98 Million

About FARMERS & MERCHANTS BANCORP

Farmers & Merchants Bancorp is a bank holding company, which engages in the provision of financial services to individuals, families, and businesses. The company is headquartered in Lodi, California and currently employs 378 full-time employees. The firm offers a range of deposit products, including checking, savings, money market, time certificates of deposit, individual retirement accounts and online banking services for both business and personal accounts. The firm provides a complement of lending products, including commercial, commercial real estate, real estate construction and others. Its commercial products include term loans, leases, lines of credit and other working capital financing and letters of credit. Its financing products for individuals include automobile financing, lines of credit, residential real estate and others. The company also offers a range of specialized services designed for the needs of its commercial accounts. These services include a credit card program for merchants, lockbox and other collection services, account reconciliation, investment sweep, on-line account access, and electronic funds.

Industry: National Commercial Banks Peers: BYLINE BANCORP, INC. Stellar Bancorp, Inc. COMMUNITY TRUST BANCORP INC /KY/ FIRST BANCSHARES INC /MS/ GREAT SOUTHERN BANCORP, INC. HANMI FINANCIAL CORP HORIZON BANCORP INC /IN/ Metropolitan Bank Holding Corp. PNC FINANCIAL SERVICES GROUP, INC.