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Farmers & Merchants Bancorp (Farmers & Merchants Bancorp) Net Income : $87.5 Mil (TTM As of Dec. 2023)


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What is Farmers & Merchants Bancorp Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Farmers & Merchants Bancorp's Net Income for the three months ended in Dec. 2023 was $21.4 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $87.5 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Farmers & Merchants Bancorp's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $28.53.


Farmers & Merchants Bancorp Net Income Historical Data

The historical data trend for Farmers & Merchants Bancorp's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Farmers & Merchants Bancorp Net Income Chart

Farmers & Merchants Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.04 58.73 66.34 75.09 88.31

Farmers & Merchants Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.55 21.31 22.03 21.43 22.72

Farmers & Merchants Bancorp Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Farmers & Merchants Bancorp's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=116.553+-28.239+0+0
=88.3

Farmers & Merchants Bancorp's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=28.985+-7.56+0+0
=21.4

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $87.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Farmers & Merchants Bancorp  (OTCPK:FMCB) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Farmers & Merchants Bancorp's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Farmers & Merchants Bancorp Net Income Related Terms

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Farmers & Merchants Bancorp (Farmers & Merchants Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
111 W. Pine Street, Lodi, CA, USA, 95240
Farmers & Merchants Bancorp is a bank holding company. The bank offers services such as checking accounts, savings accounts, money market accounts, online banking, mobile banking, home loans, and other banking services.
Executives
Craig W. James director 111 W. PINE ST., LODI CA 95240
Kyle Koelbel officer: Executive Vice President 121 W. PINE STREET, LODI CA 95240
Jay J Colombini officer: Executive Vice President 111 W. PINE ST., LODI CA 95240
David Zitterow officer: Executive Vice President 111 W. PINE ST, LODI CA 95240
J. Ryan Misasi officer: Executive Vice President 111 W. PINE ST., LODI CA 95240
Bart R Olson officer: Executive Vice President PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
John W Weubbe officer: Executive Vice President 121 W PINE STREET, LODI CA 95240
Kevin Sanguinetti director
Mark K Olson officer: Executive Vice President 121 W. PINE STREET, 20 EAST CARRILLO STREET, LODI CA 95240
Terrence A Young director 111 W. PINE ST., LODI CA 95240
Steven K. Green director 111 W. PINE ST., LODI CA 95240
Calvin J Seuss director 1249 S. AVENA, LODI CA 95240
Deborah E Hodkin officer: Executive Vice President 1919 CRYSTALWOOD LN, LODI CA 95242
Gary J. Long director 320 LINCOLN CENTER, STOCKTON CA 95027
Edward Jr Corum director 1005 12TH ST, SUITE 6, SACRAMENTO CA 95814