TTM
$128.81M
YoY change
+5.3%
5Y CAGR
+10.6%
Peak year (2025)
$128.78M
Cumulative operating income
$1.36B
Operating Income history chart for Farmers & Merchants Bancorp (FMCB) from 2002 to 2025
Latest: $128.78M
Operating Income growth chart for Farmers & Merchants Bancorp (FMCB) from 2002 to 2025
Latest: +5.3%
Operating Income history table for Farmers & Merchants Bancorp (FMCB) from 2002 to 2025
| 2025 | $128.78M | +5.3% | +$6.53M | ||
| 2024 | $122.24M | +4.9% | +$5.69M | ||
| 2023 | $116.55M | +16.9% | +$16.81M | ||
| 2022 | $99.74M | +12.9% | +$11.42M | ||
| 2021 | $88.32M | +13.3% | +$10.37M | ||
| 2020 | $77.95M | +3.5% | +$2.64M | ||
| 2019 | $75.31M | +26.1% | +$15.58M | ||
| 2018 | $59.73M | +9.6% | +$5.25M | ||
| 2017 | $54.48M | +18.9% | +$8.66M | ||
| 2016 | $45.82M | +3.4% | +$1.50M | ||
| 2015 | $44.32M | +9.4% | +$3.82M | ||
| 2014 | $40.50M | +5.8% | +$2.21M | ||
| 2013 | $38.28M | +2.5% | +$948.00K | ||
| 2012 | $37.33M | +7.1% | +$2.48M | ||
| 2011 | $34.85M | +4.7% | +$1.56M | ||
| 2010 | $33.29M | +6.3% | +$1.96M | ||
| 2009 | $31.33M | -13.9% | −$5.06M | ||
| 2008 | $36.39M | +2.3% | +$822.00K | ||
| 2007 | $35.56M | +9.6% | +$3.12M | ||
| 2006 | $32.44M | +13.2% | +$3.78M | ||
| 2005 | $28.66M | +9.0% | +$2.36M | ||
| 2004 | $26.30M | +15.3% | +$3.48M | ||
| 2003 | $22.82M | +11.5% | +$2.35M | ||
| 2002 | $20.47M | — | — |
- 2025$128.78M+5.3%
- 2024$122.24M+4.9%
- 2023$116.55M+16.9%
- 2022$99.74M+12.9%
- 2021$88.32M+13.3%
- 2020$77.95M+3.5%
- 2019$75.31M+26.1%
- 2018$59.73M+9.6%
- 2017$54.48M+18.9%
- 2016$45.82M+3.4%
- 2015$44.32M+9.4%
- 2014$40.50M+5.8%
- 2013$38.28M+2.5%
- 2012$37.33M+7.1%
- 2011$34.85M+4.7%
- 2010$33.29M+6.3%
- 2009$31.33M-13.9%
- 2008$36.39M+2.3%
- 2007$35.56M+9.6%
- 2006$32.44M+13.2%
- 2005$28.66M+9.0%
- 2004$26.30M+15.3%
- 2003$22.82M+11.5%
- 2002$20.47M—
Operating Income values are taken from Farmers & Merchants Bancorp's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Farmers & Merchants Bancorp (FMCB)
According to Farmers & Merchants Bancorp's latest reported financial statements, the company's current operating income (TTM) is $128.81M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual operating income for Farmers & Merchants Bancorp (FMCB) came in at $128.78M – grew 5.3% year-over-year.
Farmers & Merchants Bancorp operating income has grown for 16 consecutive years, with a +10.6% compound annual growth rate over 2020–2025 (5 years).
Across the available history, operating income reached its high of $128.78M in 2025 and its low of $20.47M in 2002.
Farmers & Merchants Bancorp Operating Income by Year
Farmers & Merchants Bancorp Operating Income 2025: $128.78M
Farmers & Merchants Bancorp operating income in 2025 was $128.78M, grew 5.3% from 2024. This figure represents the highest annual value in the available history.
Farmers & Merchants Bancorp Operating Income 2024: $122.24M
2024's operating income for Farmers & Merchants Bancorp came in at $122.24M, edged up 4.9% from 2023.
Farmers & Merchants Bancorp Operating Income 2023: $116.55M
Farmers & Merchants Bancorp posted operating income of $116.55M in 2023, grew 16.9% from 2022.
Farmers & Merchants Bancorp Operating Income 2022: $99.74M
In 2022, Farmers & Merchants Bancorp reported operating income of $99.74M, grew 12.9% from 2021.
Farmers & Merchants Bancorp Operating Income 2021: $88.32M
Farmers & Merchants Bancorp operating income in 2021 was $88.32M.
See more financial history for Farmers & Merchants Bancorp (FMCB).
Sector peers by Operating Income
Financial Services peers of Farmers & Merchants Bancorp (FMCB), ranked by their latest operating income
| $72.59B | |
| $58.88B | |
| $37.70B | |
| $25.20B | |
| $23.99B | |
| $21.95B | |
| $21.85B | |
| $19.40B |
- $72.59B
- $58.88B
- $37.70B
- $25.20B
- $23.99B
- $21.95B
- $21.85B
- $19.40B
Frequently asked questions
Farmers & Merchants Bancorp (FMCB) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation