FMFG (Farmers and Merchants Bancshares (MD)) Net Income : $4.28 Mil (TTM As of Dec. 2024)

View and export this data going back to . Start your Free Trial

What is Farmers and Merchants Bancshares (MD) 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 and Merchants Bancshares (MD)'s Net Income for the three months ended in Dec. 2024 was $0.86 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was $4.28 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Farmers and Merchants Bancshares (MD)'s Earnings per Share (Diluted) for the three months ended in Dec. 2024 was $0.27.

Farmers and Merchants Bancshares (MD) Net Income Historical Data

The historical data trend for Farmers and Merchants Bancshares (MD)'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 and Merchants Bancshares (MD) Net Income Chart

Farmers and Merchants Bancshares (MD) Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec21

Dec22

Dec23

Dec24

Net Income

Get a 7-Day Free Trial

1.91

8.15

8.09

6.42

4.28

Farmers and Merchants Bancshares (MD) Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Net Income	Get a 7-Day Free Trial															1.42	1.22	1.08	1.12	0.86

Farmers and Merchants Bancshares (MD) 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 and Merchants Bancshares (MD)'s Net Income for the fiscal year that ended in Dec. 2024 is calculated as

	Net Income		(A: Dec. 2024 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	5.509	+	-1.231	+	0	+	-8.8817841970013E-16
=	4.28

Farmers and Merchants Bancshares (MD)'s Net Income for the quarter that ended in Dec. 2024 is calculated as

	Net Income		(Q: Dec. 2024 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	1.094	+	-0.238	+	0	+	-1.1102230246252E-16
=	0.86

Net Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.28 Mil.

Farmers and Merchants Bancshares (MD) (OTCPK:FMFG) 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 and Merchants Bancshares (MD)'s Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2024 is calculated as

Earnings per Share (Diluted) (Q: Dec. 2024 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(0.856	-	0)	/	3.148
	=	0.27

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 and Merchants Bancshares (MD) Net Income Related Terms

Thank you for viewing the detailed overview of Farmers and Merchants Bancshares (MD)'s Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Farmers and Merchants Bancshares (MD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers and Merchants Bancshares Inc (MD) (OTCPK:FMFG) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

4510 Lower Beckleysville Road, Suite H, Hampstead, MD, USA, 21074

Website

https://www.fmb1919.bank

Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank provides banking services to individuals and businesses located in Baltimore County, Maryland, Carroll County, Maryland, and surrounding areas of northern Maryland. It provides Personal, Business, and Electronic banking services.