Buyback yield (TTM)
4.52%
Shareholder yield (TTM)
6.83%
5Y share count change
-11.9%
Buyback spend (TTM)
$34.22M
Cumulative buybacks
$164.06M
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.
Dividend & buyback yield over time for Farmers & Merchants Bancorp (FMCB)
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.
Diluted vs basic shares (annual) for Farmers & Merchants Bancorp (FMCB)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Farmers & Merchants Bancorp (FMCB)
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.
Cash buyback spend over time for Farmers & Merchants Bancorp (FMCB)
Latest: $34.73M
Overview
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 mixed annual results across the window.
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 $0.00 in 2002.
Farmers & Merchants Bancorp Buyback Spend 2025: $34.73M
In 2025, Farmers & Merchants Bancorp reported buyback spend of $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
2023's buyback spend for Farmers & Merchants Bancorp came in at $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: $0.00
Farmers & Merchants Bancorp buyback spend in 2021 was $0.00.
See more financial history for Farmers & Merchants Bancorp (FMCB).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $34.73M | $11.55M | $23.18M | 4.51% | 0.00B | -4.4% | |
| 2024 | $45.26M | $0.00 | $45.26M | 6.08% | 0.00B | -3.5% | |
| 2023 | $20.36M | $0.00 | $20.36M | 2.56% | 0.00B | -2.6% | |
| 2022 | $20.31M | $0.00 | $20.31M | 2.52% | 0.00B | -1.5% | |
| 2021 | $0.00 | $0.00 | $0.00 | — | 0.00B | -0.5% | |
| 2020 | $2.83M | $0.00 | $2.83M | 0.47% | 0.00B | +0.8% | |
| 2019 | $0.00 | $0.00 | $0.00 | — | 0.00B | -1.7% | |
| 2018 | $31.15M | $0.00 | $31.15M | 5.68% | 0.00B | -1.1% | |
| 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 | 0.18% | 0.00B | -0.1% | |
| 2011 | $0.00 | $0.00 | $0.00 | — | 0.00B | -0.2% | |
| 2010 | $608.00K | $0.00 | $608.00K | 0.19% | 0.00B | -0.3% | |
| 2009 | $2.33M | $0.00 | $2.33M | 0.81% | 0.00B | -1.8% | |
| 2008 | $5.91M | $0.00 | $5.91M | 1.83% | 0.00B | -1.7% | |
| 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 | — |
- 2025$34.73M
- 2024$45.26M
- 2023$20.36M
- 2022$20.31M
- 2021$0.00
- 2020$2.83M
- 2019$0.00
- 2018$31.15M
- 2017$0.00
- 2016$0.00
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$576.00K
- 2011$0.00
- 2010$608.00K
- 2009$2.33M
- 2008$5.91M
- 2007$0.00
- 2006$0.00
- 2005$0.00
- 2004$0.00
- 2003$0.00
- 2002$0.00
Buybacks vs stock-based compensation for Farmers & Merchants Bancorp (FMCB)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 3.12×.
Buybacks vs dividends (share of cash returned) for Farmers & Merchants Bancorp (FMCB)
How Farmers & Merchants Bancorp splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Farmers & Merchants Bancorp, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
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).
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