Farmers & Merchants Bancorp (FMCB) Stock Buyback History
TTM buyback yield 4.52% · Shareholder yield (TTM) 4.52%.
TTM buyback yield
4.52%
Shareholder yield (TTM)
4.52%
5Y share count change
-11.9%
TTM buyback spend
$34.22M
SBC coverage (TTM)
3.12x
YoY change in spend
-23.3%
5Y CAGR of spend
+65.1%
Peak year (2024)
$45.26M
Cumulative spend
$164.06M
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Farmers & Merchants Bancorp (FMCB) repurchased about $34.22M of stock over the trailing twelve months.
- Diluted share count is down 11.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 3.12× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +65.1% per year over the latest 5-year window.
- TTM repurchases used about 48% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $34.73M | $11.55M | $23.18M | 0.00B | -4.4% | 4.51% |
| 2024 | $45.26M | $0.00 | $45.26M | 0.00B | -3.5% | 6.08% |
| 2023 | $20.36M | $0.00 | $20.36M | 0.00B | -2.6% | 2.56% |
| 2022 | $20.31M | $0.00 | $20.31M | 0.00B | -1.5% | 2.52% |
| 2021 | $0.00 | $0.00 | $0.00 | 0.00B | -0.5% | — |
| 2020 | $2.83M | $0.00 | $2.83M | 0.00B | 0.8% | 0.47% |
| 2019 | $0.00 | $0.00 | $0.00 | 0.00B | -1.7% | — |
| 2018 | $31.15M | $0.00 | $31.15M | 0.00B | -1.1% | 5.68% |
| 2017 | $0.00 | $0.00 | $0.00 | 0.00B | 2.0% | — |
| 2016 | $0.00 | $0.00 | $0.00 | 0.00B | 0.9% | — |
| 2015 | $0.00 | $0.00 | $0.00 | 0.00B | 1.1% | — |
| 2014 | $0.00 | $0.00 | $0.00 | 0.00B | 0.1% | — |
| 2013 | $0.00 | $0.00 | $0.00 | 0.00B | -0.1% | — |
| 2012 | $576.00K | $0.00 | $576.00K | 0.00B | -0.1% | 0.18% |
| 2011 | $0.00 | $0.00 | $0.00 | 0.00B | -0.2% | — |
| 2010 | $608.00K | $0.00 | $608.00K | 0.00B | -0.3% | 0.19% |
| 2009 | $2.33M | $0.00 | $2.33M | 0.00B | -1.8% | 0.81% |
| 2008 | $5.91M | $0.00 | $5.91M | 0.00B | -1.7% | 1.83% |
| 2007 | $0.00 | $0.00 | $0.00 | 0.00B | -0.8% | — |
| 2006 | $0.00 | $0.00 | $0.00 | 0.00B | -1.4% | — |
| 2005 | $0.00 | $0.00 | $0.00 | 0.00B | -0.9% | — |
| 2004 | $0.00 | $0.00 | $0.00 | 0.00B | -0.7% | — |
| 2003 | $0.00 | $0.00 | $0.00 | 0.00B | -1.6% | — |
| 2002 | $0.00 | $0.00 | $0.00 | 0.00B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Farmers & Merchants Bancorp (FMCB) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Farmers & Merchants Bancorp (FMCB)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Farmers & Merchants Bancorp (FMCB)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $34.73M | -23.3% | -$10.54M | ||
| 2024 | $45.26M | +122.4% | +$24.91M | ||
| 2023 | $20.36M | +0.2% | +$45,000 | ||
| 2022 | $20.31M | — | +$20.31M | ||
| 2021 | $0 | -100.0% | -$2.83M | ||
| 2020 | $2.83M | — | +$2.83M | ||
| 2019 | $0 | -100.0% | -$31.15M | ||
| 2018 | $31.15M | — | +$31.15M | ||
| 2017 | $0 | — | $0 | ||
| 2016 | $0 | — | $0 | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | -100.0% | -$576,000 | ||
| 2012 | $576,000 | — | +$576,000 | ||
| 2011 | $0 | -100.0% | -$608,000 | ||
| 2010 | $608,000 | -73.9% | -$1.72M | ||
| 2009 | $2.33M | -60.6% | -$3.58M | ||
| 2008 | $5.91M | — | +$5.91M | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | — |
As of the 2025 fiscal year, Farmers & Merchants Bancorp (FMCB) reported buyback spend of $34.73M – declined 23.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Farmers & Merchants Bancorp buyback spend compounded at +65.1% per year, with the latest reading among the more recent periods of the dataset.
Between 2024 and 2025, Farmers & Merchants Bancorp buyback spend declined 23.3%, falling from $45.26M to $34.73M.
The highest annual buyback spend of $45.26M was reported in 2024. The lowest in the available history was $0 in 2002.
Among 8 Financial Services peers, Farmers & Merchants Bancorp (FMCB) ranks 8th; the peer median for buyback spend is $12.87B.
Farmers & Merchants Bancorp Buyback Spend 2025: $34.73M
Farmers & Merchants Bancorp buyback spend in 2025 was $34.73M, declined 23.3% below 2024.
Farmers & Merchants Bancorp Buyback Spend 2024: $45.26M
Farmers & Merchants Bancorp buyback spend in 2024 was $45.26M, surged 122.4% from 2023. This figure represents the highest annual value in the available history.
Farmers & Merchants Bancorp Buyback Spend 2023: $20.36M
Farmers & Merchants Bancorp buyback spend in 2023 was $20.36M, edged up 0.2% from 2022.
Farmers & Merchants Bancorp Buyback Spend 2022: $20.31M
Farmers & Merchants Bancorp buyback spend in 2022 was $20.31M.
Farmers & Merchants Bancorp Buyback Spend 2021: $0
Farmers & Merchants Bancorp buyback spend in 2021 was $0.
See more financial history for Farmers & Merchants Bancorp (FMCB).
Sector peers by buyback spend
Companies in the same sector as Farmers & Merchants Bancorp, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $34.59B | Financial Services |
| Bank of America (BAC) | $21.43B | Financial Services |
| Wells Fargo (WFC) | $19.52B | Financial Services |
| Visa (V) | $13.39B | Financial Services |
| Goldman Sachs (GS) | $12.36B | Financial Services |
| Mastercard (MA) | $11.73B | Financial Services |
| Morgan Stanley (MS) | $5.83B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 3.12×.
Capital allocation mix
How Farmers & Merchants Bancorp splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $71.41M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Farmers & Merchants Bancorp's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Farmers & Merchants Bancorp buy back its own stock?
Yes, Farmers & Merchants Bancorp (FMCB) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Farmers & Merchants Bancorp spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $34.22M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Farmers & Merchants Bancorp's buyback yield?
TTM buyback yield is about 4.52% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Farmers & Merchants Bancorp's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 4.52% combined (TTM-based where available).
Is Farmers & Merchants Bancorp diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Farmers & Merchants Bancorp's share count changed?
Diluted weighted average shares changed by about -11.9% over roughly five fiscal years (annual income statement data).
What is Farmers & Merchants Bancorp's buyback spend?
Latest reported buyback spend for Farmers & Merchants Bancorp (FMCB) is $34.22M (period ending March 31, 2026).
How has Farmers & Merchants Bancorp buyback spend changed year-over-year?
Farmers & Merchants Bancorp (FMCB) buyback spend changed -23.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Farmers & Merchants Bancorp buyback spend?
Farmers & Merchants Bancorp (FMCB) buyback spend compound annual growth rate is +65.1% over the most recent 5 years available.
When did Farmers & Merchants Bancorp buyback spend hit its highest annual value?
Farmers & Merchants Bancorp buyback spend reached its highest annual value of $45.26M in 2024.
What was Farmers & Merchants Bancorp buyback spend in 2024?
Farmers & Merchants Bancorp (FMCB) buyback spend in 2024 was $45.26M.
What was Farmers & Merchants Bancorp buyback spend in 2025?
Farmers & Merchants Bancorp (FMCB) buyback spend in 2025 was $34.73M.
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