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Farmers & Merchants Bancorp

$1424.5 +$284.50 (+24.96%)
OTC · 11 Sep 2026 20:00 UTC
Previous Close
$1429.99
Day Range
$1424$1424.5
Year Range
$985.25$1540
Market Cap
986.16M
AVG Volume
156
Trailing/Forward PE
10.05/-
PEG ratio
0.87
Dividend Yield
1.48%
Next Earnings Date
-
Primary Exchange
Other OTCUS
Revenue (USD)
0100M200M300M400M2016201720182019202020212022202320242025
FMCB Revenue (USD) by year
PeriodRevenue (USD)
2025303.12M
2024289.41M
2023265.69M
2022204.14M
2021183.71M
2020172.57M
2019168.32M
2018147.58M
2017129.22M
2016116.63M
Net Income (USD)
025M50M75M100M2016201720182019202020212022202320242025
FMCB Net Income (USD) by year
PeriodNet Income (USD)
202593.61M
202488.46M
202388.31M
202275.09M
202166.34M
202058.73M
201956.04M
201845.53M
201728.37M
201629.72M
Operating Income (USD)
050M100M150M2016201720182019202020212022202320242025
FMCB Operating Income (USD) by year
PeriodOperating Income (USD)
2025128.78M
2024122.24M
2023116.55M
202299.74M
202188.32M
202077.95M
201975.31M
201859.73M
201754.48M
201645.82M
EBITDA (USD)
050M100M150M2016201720182019202020212022202320242025
FMCB EBITDA (USD) by year
PeriodEBITDA (USD)
2025131.84M
2024125.18M
2023119.04M
2022102.17M
202190.5M
202081.35M
201978.71M
201862.38M
201756.78M
201647.73M
Cash Flows (USD)
050M100M150M2016201720182019202020212022202320242025
FMCB Cash Flows (USD) by year
PeriodCash Flows (USD)
202596.62M
2024102.75M
202388.38M
202297.59M
202157.9M
202050.41M
201965.32M
201853.2M
201735.69M
201633.31M
EPS (USD)
0501001502016201720182019202020212022202320242025
FMCB EPS (USD) by year
PeriodEPS (USD)
2025134.03
2024120.95
2023116.61
202296.56
202184
202074.01
201971.24
201856.53
201735.06
201637.49
Expenses (USD)
025M50M75M100MSG&ACapex2016201720182019202020212022202320242025
FMCB Expenses (USD) by year
PeriodExpenses (USD)
202586.83M
202478.28M
202380.78M
202271.21M
202168.26M
202066.1M
201972.67M
201856.77M
201751.96M
201645.85M
Cash & Debt (USD)
0500M1B1.5BCashLong Term Debt2016201720182019202020212022202320242025
FMCB Cash & Debt (USD) by year
PeriodCash & Debt (USD)
2025152.45M
2024676.98M
2023593.15M
2022741.12M
2021986.22M
20201.2B
2019802.14M
2018640.96M
2017668.75M
2016547.12M
Debt ratios
-6-4-2020182019202020212022202320242025
FMCB Debt ratios by year
PeriodDebt ratios
2025-0.3
2024-1.53
2023-1.48
2022-2.07
2021-3.12
2020-4.26
2019-3.22
2018-2.96
Margins
0%25%50%75%100%2016201720182019202020212022202320242025
FMCB Margins by year
PeriodMargins
202578.94%
202477.44%
202382.02%
202294.47%
202196.6%
202091.89%
201992.04%
201890.86%
201792.93%
201690.97%
Return on Capital
0%5%10%15%20%2016201720182019202020212022202320242025
FMCB Return on Capital by year
PeriodReturn on Capital
202514.5%
202415.44%
202316.06%
202215.47%
202114.32%
202013.86%
201915.17%
201814.63%
20179.47%
201610.62%
Shares Outstanding
0250K500K750K1M2016201720182019202020212022202320242025
FMCB Shares Outstanding by year
PeriodShares Outstanding
2025693.16K
2024702.07K
2023750.44K
2022768.91K
2021789.65K
2020792.73K
2019787.23K
2018783.53K
2017809.83K
2016793.97K
Dividends (USD)
051015202017201820192020202120222023202420252026
FMCB Dividends (USD) by year
PeriodDividends (USD)
202616.05
202519.35
202418.1
202317.1
202216.15
202115.3
202014.75
201914.2
201813.9
201713.55
Employee Count
01002003004002016201720182019202020212022202320242025
FMCB Employee Count by year
PeriodEmployee Count
2025383
2024373
2023378
2022374
2021373
2020366
2019365
2018376
2017330
2016339
Book Value Per Share (USD)
025050075010002016201720182019202020212022202320242025
FMCB Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
2025931.27
2024816.26
2023732.58
2022631.16
2021586.51
2020534.44
2019469.11
2018397.2
2017370.03
2016352.63
Total Assets (USD)
02B4B6B2016201720182019202020212022202320242025
FMCB Total Assets (USD) by year
PeriodTotal Assets (USD)
20255.69B
20245.37B
20235.31B
20225.33B
20215.18B
20204.55B
20193.72B
20183.43B
20173.08B
20162.92B
PE Ratio
7891011med 8.47Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMCB PE Ratio by year
PeriodPE Ratio
Sep 269.95
Sep 2610.02
Aug 269.79
Aug 269.81
Aug 269.77
Aug 269.64
Jul 269.81
Jul 269.76
Jul 269.42
Jul 269.36
Jul 269.38
Jun 269.35
Jun 269.27
Jun 269.35
Jun 269.35
May 269.59
May 269.28
May 269.52
May 269.31
May 269.74
Apr 269.33
Apr 268.96
Apr 268.59
Apr 268.52
Mar 268.29
Mar 268.21
Mar 268.33
Mar 268.88
Feb 268.98
Feb 269.03
Feb 268.94
Feb 268.89
Jan 268.69
Jan 268.43
Jan 268.54
Jan 268.58
Jan 268.62
Dec 258.43
Dec 258.5
Dec 258.3
Dec 258.29
Nov 258.01
Nov 257.75
Nov 257.79
Nov 257.71
Oct 257.83
Oct 257.88
Oct 257.88
Oct 257.9
Oct 258.02
Sep 257.95
Sep 257.95
Sep 258.09
Sep 258.16
Aug 258.06
Aug 258.06
Aug 258.03
Aug 257.95
Aug 258.28
Jul 258
Jul 257.86
Jul 257.85
Jul 257.81
Jun 257.81
Jun 257.83
Jun 257.83
Jun 257.82
May 257.88
May 257.89
May 257.85
May 257.94
May 257.86
Apr 257.9
Apr 257.94
Apr 257.93
Apr 257.78
Mar 257.9
Mar 257.96
Mar 258.47
Mar 258.64
Feb 258.72
Feb 258.56
Feb 258.5
Feb 258.48
Jan 258.72
Jan 258.72
Jan 258.81
Jan 258.73
Jan 258.73
Dec 248.89
Dec 248.56
Dec 248.72
Dec 248.93
Nov 249.14
Nov 248.69
Nov 248.3
Nov 248.13
Nov 248.16
Oct 248.16
Oct 248.17
Free Cash Flow Yield
8%10%12%14%16%med 12.2%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMCB Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 2610.39%
Sep 2610.31%
Aug 2610.56%
Aug 2610.53%
Aug 2610.57%
Aug 2610.73%
Jul 269.58%
Jul 269.63%
Jul 269.97%
Jul 2610.04%
Jul 2610.02%
Jun 2610.05%
Jun 2610.13%
Jun 2610.04%
Jun 2610.05%
May 269.8%
May 2610.13%
May 269.86%
May 2610.09%
May 2610.6%
Apr 2611.06%
Apr 2611.52%
Apr 2612.02%
Apr 2612.12%
Mar 2612.46%
Mar 2612.57%
Mar 2612.39%
Mar 2611.97%
Feb 2611.83%
Feb 2611.76%
Feb 2611.88%
Feb 2611.95%
Jan 2612.22%
Jan 2612.61%
Jan 2612.44%
Jan 2612.38%
Jan 2612.33%
Dec 2512.61%
Dec 2512.5%
Dec 2512.8%
Dec 2512.82%
Nov 2513.26%
Nov 2513.71%
Nov 2513.65%
Nov 2513.78%
Oct 2515.07%
Oct 2514.98%
Oct 2514.97%
Oct 2514.94%
Oct 2514.72%
Sep 2514.84%
Sep 2514.84%
Sep 2514.58%
Sep 2514.45%
Aug 2514.65%
Aug 2514.65%
Aug 2514.7%
Aug 2514.84%
Aug 2514.6%
Jul 2515.1%
Jul 2515.38%
Jul 2515.4%
Jul 2515.47%
Jun 2515.48%
Jun 2515.43%
Jun 2515.43%
Jun 2515.45%
May 2515.33%
May 2515.32%
May 2515.4%
May 2514.63%
May 2514.78%
Apr 2514.71%
Apr 2514.64%
Apr 2514.65%
Apr 2514.93%
Mar 2514.71%
Mar 2514.59%
Mar 2511.94%
Mar 2511.71%
Feb 2511.6%
Feb 2511.81%
Feb 2511.91%
Feb 2511.94%
Jan 2511.6%
Jan 2511.6%
Jan 2511.49%
Jan 2511.59%
Jan 2511.59%
Dec 2411.38%
Dec 2411.82%
Dec 2411.6%
Dec 2411.33%
Nov 2411.07%
Nov 2411.64%
Nov 2412.18%
Nov 2412.44%
Nov 2411.08%
Oct 2411.08%
Oct 2411.06%
Price to Sales
2.22.42.62.833.2med 2.61Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMCB Price to Sales by year
PeriodPrice to Sales
Sep 263.08
Sep 263.1
Aug 263.03
Aug 263.04
Aug 263.02
Aug 262.98
Jul 263.01
Jul 262.99
Jul 262.89
Jul 262.87
Jul 262.88
Jun 262.87
Jun 262.84
Jun 262.87
Jun 262.87
May 262.94
May 262.84
May 262.92
May 262.86
May 263.01
Apr 262.88
Apr 262.77
Apr 262.65
Apr 262.63
Mar 262.56
Mar 262.54
Mar 262.57
Mar 262.77
Feb 262.81
Feb 262.82
Feb 262.79
Feb 262.78
Jan 262.71
Jan 262.63
Jan 262.67
Jan 262.68
Jan 262.69
Dec 252.63
Dec 252.66
Dec 252.59
Dec 252.59
Nov 252.5
Nov 252.42
Nov 252.43
Nov 252.41
Oct 252.42
Oct 252.44
Oct 252.44
Oct 252.45
Oct 252.48
Sep 252.46
Sep 252.46
Sep 252.51
Sep 252.53
Aug 252.49
Aug 252.49
Aug 252.48
Aug 252.46
Aug 252.53
Jul 252.45
Jul 252.4
Jul 252.4
Jul 252.39
Jun 252.39
Jun 252.39
Jun 252.39
Jun 252.39
May 252.41
May 252.41
May 252.4
May 252.43
May 252.4
Apr 252.41
Apr 252.43
Apr 252.42
Apr 252.38
Mar 252.41
Mar 252.43
Mar 252.6
Mar 252.65
Feb 252.67
Feb 252.63
Feb 252.61
Feb 252.6
Jan 252.67
Jan 252.67
Jan 252.7
Jan 252.68
Jan 252.68
Dec 242.73
Dec 242.62
Dec 242.67
Dec 242.74
Nov 242.8
Nov 242.66
Nov 242.55
Nov 242.49
Nov 242.53
Oct 242.54
Oct 242.54
EV/EBITDA
-5-2.502.557.5med 3.34Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMCB EV/EBITDA by year
PeriodEV/EBITDA
Sep 26-0.43
Sep 26-0.37
Aug 26-0.54
Aug 26-0.52
Aug 26-0.55
Aug 26-0.65
Jul 264.11
Jul 264.07
Jul 263.83
Jul 263.79
Jul 263.8
Jun 263.78
Jun 263.73
Jun 263.78
Jun 263.78
May 263.95
May 263.73
May 263.9
May 263.75
May 265.84
Apr 265.55
Apr 265.28
Apr 265.02
Apr 264.97
Mar 264.81
Mar 264.75
Mar 264.84
Mar 264.97
Feb 265.04
Feb 265.08
Feb 265.01
Feb 264.98
Jan 264.84
Jan 264.65
Jan 264.73
Jan 264.76
Jan 264.78
Dec 254.65
Dec 254.7
Dec 254.56
Dec 254.55
Nov 254.36
Nov 254.17
Nov 254.2
Nov 254.14
Oct 253.31
Oct 253.34
Oct 253.35
Oct 253.36
Oct 253.44
Sep 253.39
Sep 253.39
Sep 253.49
Sep 253.54
Aug 253.47
Aug 253.47
Aug 253.45
Aug 253.39
Aug 25-2.83
Jul 25-3.02
Jul 25-3.13
Jul 25-3.13
Jul 25-3.16
Jun 25-3.16
Jun 25-3.15
Jun 25-3.15
Jun 25-3.15
May 25-3.11
May 25-3.1
May 25-3.14
May 250.28
May 250.23
Apr 250.25
Apr 250.28
Apr 250.28
Apr 250.17
Mar 250.25
Mar 250.3
Mar 250.5
Mar 250.61
Feb 250.67
Feb 250.56
Feb 250.51
Feb 250.5
Jan 250.67
Jan 250.67
Jan 250.73
Jan 250.68
Jan 250.68
Dec 240.79
Dec 240.56
Dec 240.67
Dec 240.82
Nov 240.97
Nov 240.65
Nov 240.38
Nov 240.25
Nov 241.47
Oct 241.47
Oct 241.48
Price/Operating Cashflow
6789med 7.7Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMCB Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 268.2
Sep 268.26
Aug 268.06
Aug 268.08
Aug 268.05
Aug 267.94
Jul 268.81
Jul 268.77
Jul 268.46
Jul 268.41
Jul 268.43
Jun 268.4
Jun 268.33
Jun 268.4
Jun 268.4
May 268.61
May 268.33
May 268.56
May 268.37
May 268.75
Apr 268.38
Apr 268.05
Apr 267.72
Apr 267.65
Mar 267.44
Mar 267.38
Mar 267.48
Mar 267.84
Feb 267.94
Feb 267.98
Feb 267.9
Feb 267.86
Jan 267.68
Jan 267.45
Jan 267.55
Jan 267.58
Jan 267.62
Dec 257.45
Dec 257.51
Dec 257.33
Dec 257.33
Nov 257.08
Nov 256.85
Nov 256.88
Nov 256.81
Oct 256.43
Oct 256.47
Oct 256.47
Oct 256.49
Oct 256.58
Sep 256.53
Sep 256.53
Sep 256.65
Sep 256.7
Aug 256.61
Aug 256.61
Aug 256.59
Aug 256.53
Aug 256.77
Jul 256.55
Jul 256.43
Jul 256.42
Jul 256.39
Jun 256.38
Jun 256.4
Jun 256.4
Jun 256.4
May 256.45
May 256.45
May 256.42
May 256.77
May 256.7
Apr 256.73
Apr 256.77
Apr 256.76
Apr 256.63
Mar 256.73
Mar 256.79
Mar 258.33
Mar 258.49
Feb 258.58
Feb 258.42
Feb 258.35
Feb 258.33
Jan 258.58
Jan 258.58
Jan 258.66
Jan 258.58
Jan 258.58
Dec 248.74
Dec 248.41
Dec 248.57
Dec 248.78
Nov 248.99
Nov 248.54
Nov 248.16
Nov 247.99
Nov 248.74
Oct 248.74
Oct 248.75
Price to Book
11.11.21.31.41.5med 1.23Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMCB Price to Book by year
PeriodPrice to Book
Sep 261.41
Sep 261.42
Aug 261.39
Aug 261.39
Aug 261.39
Aug 261.37
Jul 261.41
Jul 261.41
Jul 261.36
Jul 261.35
Jul 261.35
Jun 261.35
Jun 261.34
Jun 261.35
Jun 261.35
May 261.38
May 261.34
May 261.37
May 261.34
May 261.41
Apr 261.35
Apr 261.3
Apr 261.25
Apr 261.23
Mar 261.2
Mar 261.19
Mar 261.21
Mar 261.26
Feb 261.28
Feb 261.28
Feb 261.27
Feb 261.26
Jan 261.23
Jan 261.2
Jan 261.21
Jan 261.22
Jan 261.22
Dec 251.2
Dec 251.21
Dec 251.18
Dec 251.18
Nov 251.14
Nov 251.1
Nov 251.11
Nov 251.1
Oct 251.14
Oct 251.15
Oct 251.15
Oct 251.15
Oct 251.17
Sep 251.16
Sep 251.16
Sep 251.18
Sep 251.19
Aug 251.17
Aug 251.17
Aug 251.17
Aug 251.16
Aug 251.22
Jul 251.18
Jul 251.16
Jul 251.16
Jul 251.15
Jun 251.15
Jun 251.15
Jun 251.15
Jun 251.15
May 251.16
May 251.16
May 251.16
May 251.23
May 251.21
Apr 251.22
Apr 251.23
Apr 251.22
Apr 251.2
Mar 251.22
Mar 251.23
Mar 251.24
Mar 251.26
Feb 251.27
Feb 251.25
Feb 251.24
Feb 251.24
Jan 251.27
Jan 251.27
Jan 251.29
Jan 251.28
Jan 251.28
Dec 241.3
Dec 241.25
Dec 241.27
Dec 241.3
Nov 241.34
Nov 241.27
Nov 241.21
Nov 241.19
Nov 241.25
Oct 241.25
Oct 241.25
Farmers & Merchants Bancorp
FMCB
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News: FMCB

The 5 Safest Dividend Kings Are the Place to Be If We Have a 10%-20% Fall Sell-Off

247wallst.com · 25 Aug 2026

The 5 Safest Dividend Kings Are the Place to Be If We Have a 10%-20% Fall Sell-Off

When markets turn ugly, not every dividend payer holds its ground, but a small group of battle-tested companies has kept raising payouts through every crash since 1987. Five Dividend Kings stand apart right now, and the reasons they qualify may surprise you.

Dividend Champion, Contender, And Challenger Highlights: Week August 16

seekingalpha.com · 14 Aug 2026

Dividend Champion, Contender, And Challenger Highlights: Week August 16

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

Farmers & Merchants Bancorp (FMCB) Announces Increase in Quarterly Dividend

globenewswire.com · 12 Aug 2026

Farmers & Merchants Bancorp (FMCB) Announces Increase in Quarterly Dividend

LODI, Calif., Aug. 12, 2026 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), declared a quarterly cash dividend of $5.60 per share, up 4.7% from $5.35 for the previous quarter which was paid on July 1, 2026. The cash dividend is payable on October 1, 2026, to shareholders of record on September 11, 2026. Based on the Company's financial performance through June 30, 2026, net income over the trailing twelve months was $96.3 million compared with $90.0 million for the same trailing period a year earlier. Diluted earnings per share over the trailing twelve months totaled $139.94, up 10.30% compared with $126.87 for the same trailing period a year ago. This dividend represents a 15.4% payout ratio. This year marks the 91st consecutive year that the Company has paid cash dividends and the 61st consecutive year the Company has increased dividends. As a result of the consistency of the Company's cash dividends over many decades, the Company remains a member of a select group of only 58 publicly traded companies referred to as “Dividend Kings” by Sure Dividend where the Company is currently ranked 17t h.

Farmers & Merchants Bancorp Continues To Impress

seekingalpha.com · 5 Aug 2026

Farmers & Merchants Bancorp Continues To Impress

Farmers & Merchants Bancorp delivers steady earnings growth, robust profitability, and operational excellence, despite minimal market attention and OTCQX trading status. FMCB maintains superior metrics: Q2 ROA of 1.71%, ROE of 14.84%, NIM of 4.20%, and an efficiency ratio of 45.11%, all outperforming peers. Balance sheet strength is evident with a 73.1% loan-to-deposit ratio, high non-interest-bearing deposits, conservative payout ratio, and tangible book value growth of 15.4% YoY.

Farmers & Merchants Bancorp (OTCMKTS:FMCB) Stock Passes Above 50 Day Moving Average   – Should You Sell?

defenseworld.net · 28 Jul 2026

Farmers & Merchants Bancorp (OTCMKTS:FMCB) Stock Passes Above 50 Day Moving Average – Should You Sell?

Farmers and Merchants Bancorp (OTCMKTS:FMCB - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $1,331.02 and traded as high as $1,391.25. Farmers and Merchants Bancorp shares last traded at $1,391.25, with a volume of 102 shares. Farmers

Farmers & Merchants Bancorp (FMCB) Reports Record Quarterly Results

globenewswire.com · 20 Jul 2026

Farmers & Merchants Bancorp (FMCB) Reports Record Quarterly Results

Net income of $24.7 million, up $1.7 million or 7.3% compared to the second quarter of 2025; resulting in basic earnings per common share of $36.77 and diluted earnings per common share of $36.39, up 10.47% compared to the second quarter of 2025; Achieved an annualized return on average assets of 1.71% and return on average equity of 14.84%; Basic earnings per common share of $141.71 over the trailing twelve months, up 11.57% from $127.01 over the trailing period a year ago and up 20.37% versus $117.73 for the same period two years ago; Diluted earnings per common share of $139.94 over the trailing twelve months, up 10.30% from $126.87 over the same trailing period a year ago and up 18.9% versus $117.73 for the same period two years ago; Tangible book value per common share increased 15.38% to $963.82 compared to $835.33 as of June 30, 2025; Net interest income of $57.4 million, up $3.5 million, or 6.46%, compared to the second quarter of 2025; net interest margin (tax equivalent basis) of 4.20%, up from 4.07% in the second quarter of 2025; Total loans and leases grew $80.2 million, or 2.2%, to $3.70 billion, and deposits grew $332.6 million, or 7.0%, to $5.09 billion as of June 30, 2026 compared to June 30, 2025; Capital position strengthened with a total risk-based capital ratio of 16.04%, common equity tier 1 ratio of 14.56%, tier 1 leverage ratio of 11.68% and a tangible common equity ratio of 11.45%; Credit quality remained resilient during the quarter with an allowance for credit losses on gross loans and leases of 2.08%; net charge offs for the quarter of $165,000, a provision for credit losses of $500,000 and non-accrual loans of $2.7 million at quarter-end. LODI, Calif.

Farmers & Merchants Bancorp (FMCB) Reports Record Quarterly Results

globenewswire.com · 20 Jul 2026

Farmers & Merchants Bancorp (FMCB) Reports Record Quarterly Results

Net income of $24. 7 million, up $1. 7 million or 7. 3% compared to the second quarter of 2025; resulting in basic earnings per common share of $36. 77 and diluted earnings per common share of $36.

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