Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $11.7M | $12.7M | $14.9M | $18.4M | $20.1M | $23.5M | $32.5M | $22.8M | $25.9M | $33.3M |
| EPS (diluted) | $1.27 | $1.38 | $1.61 | $1.66 | $1.80 | $2.01 | $2.46 | $1.67 | $1.90 | $2.43 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12.4M | $17.6M | $10.7M | $23.9M | $27.4M | $34.7M | $40.7M | $22.1M | $32.5M | $36.7M |
| Capital expenditures | $2.41M | $1.89M | $2.63M | $3.51M | $3.22M | $1.97M | $2.60M | $10.9M | $1.87M | $1.77M |
| Free cash flow | $10.0M | $15.8M | $8.11M | $20.4M | $24.2M | $32.8M | $38.1M | $11.2M | $30.6M | $35.0M |
| Share buybacks | $194K | $196K | $490K | $381K | $383K | $338K | $308K | $218K | $664K | $362K |
| Dividends paid | $4.12M | $4.44M | $4.96M | $6.34M | $7.19M | $7.67M | $10.3M | $11.3M | $11.9M | $12.1M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.06B | $1.11B | $1.12B | $1.61B | $1.91B | $2.64B | $3.02B | $3.28B | $3.36B | $3.43B |
| Total liabilities | $930M | $973M | $973M | $1.38B | $1.66B | $2.34B | $2.72B | $2.97B | $3.03B | $3.06B |
| Shareholders' equity | $126M | $134M | $143M | $230M | $249M | $297M | $298M | $317M | $335M | $371M |
| Retained earnings | $128M | $137M | $148M | $160M | $174M | $189M | $212M | $221M | $236M | $258M |
| Shares (wtd avg diluted) | 9.14M | 9.16M | 9.18M | 11.0M | 11.1M | 11.6M | 13.1M | 13.5M | 13.4M | 13.6M |
Every figure is extracted from FARMERS & MERCHANTS BANCORP INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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