Farmers & Merchants Bancorp

Farmers & Merchants Bancorp

FMCB
Farmers & Merchants BancorpUS flagOther OTC
1,438.88
USD
-6.44
- -
995.62MMarket Cap
Farmers & Merchants Bancorp
FMCB
(Other OTC)

Recent

price

1,438.88

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
116.04
110.92
110.16
110.83
116.79
127.45
141.61
151.8
174.27
197.06
205.56
227.16
256.26
300.16
320.24
343.38
367.33
Revenue per Share
27.05
28.49
29.99
30.93
32.64
34.82
37.44
35.03
56.82
71.18
74.03
84.01
96.55
116.61
126.4
134.96
143.48
Basic EPS, GAAP
36.9
36.82
40.04
32.89
28.45
43.99
41.95
44.07
66.39
82.98
63.54
73.32
125.48
116.69
144.81
139.3
148.27
Free Cash Flow per Basic Share
11.34
11.75
12.1
12.5
12.74
12.91
13.2
13.56
13.92
14.25
14.75
15.29
16.06
17.01
18.6
19.96
21.78
Dividend per Share
222.27
242.93
263.58
269.84
297.39
318.46
346.8
368.9
397.1
465.68
536.53
586.51
631.63
735
818.91
924.93
981.32
Book Value per Share
222.27
242.93
263.58
269.84
297.39
318.46
346.8
368.9
397.1
465.68
517.28
568.04
613.42
717.05
800.52
907.24
963.82
Tangible Book Value per Share
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Basic Weighted Avg Shares
91
86
86
86
91
100
112
123
140
155
163
179
199
227
224
238
247
Sales/Revenue/Turnover
36.75
- -
43.53
44.41
44.55
44.21
40.75
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
2
2
2
2
1
2
2
2
3
3
3
3
2
2
3
3
3
Depreciation Expense
21
22
23
24
25
27
30
28
46
56
59
66
75
88
88
94
96
Net Income, GAAP
36.56
36.27
37.46
37.15
37.27
38.19
35.13
47.93
23.78
25.6
24.65
24.89
24.72
24.23
27.64
27.31
26.58
Effective Tax Rate (%)
23.31
25.69
27.22
27.91
27.94
27.32
26.44
23.08
32.6
36.12
36.02
36.98
37.68
38.85
39.47
39.3
39.06
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
11
11
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
LT Debt
173
189
205
210
233
252
280
300
311
369
424
463
485
550
573
646
679
Total Equity
11.13
- -
11.24
11.05
10.96
10.83
10.76
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
12.5
12.25
11.84
11.6
11.47
11.3
11.18
9.79
14.91
16.47
14.81
14.96
15.83
17.06
15.76
15.36
14.85
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
10
10
10
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1
1
1
Market Capitalization
776
783
889

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
152
397
287
Accounts Receivable, Net
30
25
29
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.97%
8.85%
12.64%
Free Cash Flow
13.64%
16.79%
-4.66%
Net Income, GAAP
14.21%
9.95%
5.82%
Sales/Revenue/Turnover
9.13%
8%
6.27%
Total Cash Common Dividend
3.16%
3.43%
6.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
56
55
57
56
224
2025
57
59
61
61
238
2026
62
62
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30.59
29.39
29.97
- -
126.4
2025
32.88
33.06
- -
- -
134.96
2026
35.91
36.77
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
18.6
2025
- -
9.29
- -
- -
19.96
2026
5.47
5.35
- -
- -
- -
Business
Farmers & Merchants Bancorp Farmers & Merchants Bancorp serves as the holding company for Farmers & Merchants Bank of Central California, a community bank that provides a broad array of retail and commercial banking products and services to individuals, businesses, and agricultural customers primarily throughout California. The company offers deposit products including checking accounts, savings accounts, money market accounts, time certificates of deposit, and individual retirement accounts; lending products such as commercial real estate loans, residential real estate loans, real estate construction loans, agribusiness loans, consumer loans, equipment leases, and credit card services; and specialized treasury management services encompassing merchant credit card programs, lockbox and collection services, account reconciliation, investment sweep accounts, online banking access, electronic funds transfers via domestic and international wires and automated clearinghouse systems, as well as investment products like mutual funds and annuities. Founded in 1916 and headquartered in Lodi, California, Farmers & Merchants Bancorp operates 33 full-service branches spanning from Napa to Merced within the Golden State, with a focus on agricultural lending, commercial financing, and residential mortgages tailored to local communities. In recent developments, the company expanded its branch network by opening a new location in Danville, California, at Iron Horse Plaza inside Lunardi's Market, enhancing accessibility in the region.

Company News

  • Farmers & Merchants Bancorp (OTCMKTS:FMCB) Shares Shorted: Short Interest Down 82.4% in September

  • Farmers & Merchants Bancorp: Shares Still Attractive Despite Recent Gains

  • Best Dividend Kings: September 2026

  • The Dividend Kings Ranked By Quality Scores (September 2026)

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

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

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

  • Farmers & Merchants Bancorp Continues To Impress

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

  • Farmers & Merchants Bancorp (FMCB) Reports Record Quarterly Results

  • Farmers & Merchants Bancorp (FMCB) Reports Record Quarterly Results

  • Farmers & Merchants Bancorp (FMCB) Announces New Board Member

  • Farmers & Merchants Bancorp (FMCB) Announces New Board Member

  • Farmers & Merchants Bancorp: A Great Small-Cap Banking Secret

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

  • Best Dividend Kings: April 2026

  • Farmers & Merchants Bancorp (FMCB) Reports Record Quarter

  • ACNB (NASDAQ:ACNB) vs. Farmers & Merchants Bancorp (OTCMKTS:FMCB) Head-To-Head Review

  • Thinly Traded Farmers & Merchants Bancorp In Strong Position For 2026

  • Farmers & Merchants Bancorp (FMCB) Announces Quarterly Dividend