Operating Income for Farmers & Merchants Bancorp (FMCB)
According to Farmers & Merchants Bancorp's latest reported financial statements, the company's current operating income (TTM) is $128.81M USD. 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 .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$128.81M
YoY change
+5.3%
5Y CAGR
+10.6%
Peak year (2025)
$128.78M
Cumulative operating income
$1.33B
Operating Income history chart for Farmers & Merchants Bancorp (FMCB) from 2002 to 2025
Operating Income history table for Farmers & Merchants Bancorp (FMCB) from 2002 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
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.
Within Financial Services, Farmers & Merchants Bancorp (FMCB) ranks 9th among 8 peers we track. The peer median for operating income is $24.60B.
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
Farmers & Merchants Bancorp operating income in 2024 was $122.24M, edged up 4.9% from 2023.
Farmers & Merchants Bancorp Operating Income 2023: $116.55M
Farmers & Merchants Bancorp operating income in 2023 was $116.55M, grew 16.9% from 2022.
Farmers & Merchants Bancorp Operating Income 2022: $99.74M
Farmers & Merchants Bancorp operating income in 2022 was $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 — Operating Income
Companies in the same sector as Farmers & Merchants Bancorp, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is Farmers & Merchants Bancorp's operating income?
Latest reported operating income for Farmers & Merchants Bancorp (FMCB) is $128.81M (period ending March 31, 2026).
How has Farmers & Merchants Bancorp operating income changed year-over-year?
Farmers & Merchants Bancorp (FMCB) operating income changed +5.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Farmers & Merchants Bancorp operating income?
Farmers & Merchants Bancorp (FMCB) operating income compound annual growth rate is +10.6% over the most recent 5 years available.
When did Farmers & Merchants Bancorp operating income hit its highest annual value?
Farmers & Merchants Bancorp operating income reached its highest annual value of $128.78M in 2025.
What was Farmers & Merchants Bancorp operating income in 2024?
Farmers & Merchants Bancorp (FMCB) operating income in 2024 was $122.24M.
What was Farmers & Merchants Bancorp operating income in 2025?
Farmers & Merchants Bancorp (FMCB) operating income in 2025 was $128.78M.
Metrics overview
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