Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer and credit card lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, remote deposit capture or electronic deposit processing, and merchant credit card services. It also offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.
Revenue of Farmers & Merchants Bancorp, Inc. (FMAO)
Revenue in 2023 (TTM): $155.1 M
According to Farmers & Merchants Bancorp, Inc.'s latest financial reports the company's current revenue (TTM) is $155.1 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Farmers & Merchants Bancorp, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $155.1 M | $155.1 M | $45.74 M | $28.35 M | $22.79 M |
| 2022 | $100.37 M | $100.37 M | $58.86 M | $40.48 M | $32.52 M |
| 2021 | $84.83 M | $84.83 M | $31.08 M | $29.5 M | $23.5 M |
| 2020 | $74.87 M | $74.87 M | $26.24 M | $25.21 M | $20.1 M |
| 2019 | $63.57 M | $63.57 M | $23.12 M | $22.63 M | $18.4 M |
| 2018 | $49.34 M | $49.34 M | $27 M | $18.18 M | $14.95 M |
| 2017 | $46.83 M | $46.83 M | $25.24 M | $17.9 M | $12.72 M |
| 2016 | $44.79 M | $44.79 M | $22.75 M | $16.32 M | $11.66 M |
| 2015 | $40.8 M | $40.8 M | $19.81 M | $14.16 M | $10.34 M |
| 2014 | $39.76 M | $39.76 M | $19.35 M | $13.52 M | $9.65 M |
| 2013 | $37.52 M | $37.52 M | $19.14 M | $12.6 M | $9.01 M |
| 2012 | $37.99 M | $37.99 M | $22.18 M | $13.69 M | $9.79 M |
| 2011 | $35.34 M | $35.34 M | $21.51 M | $11.41 M | $8.51 M |
| 2010 | $37.91 M | $37.91 M | $22.29 M | $9.36 M | $6.98 M |
| 2009 | $35.72 M | $35.72 M | $24.56 M | $9.08 M | $6.61 M |
| 2008 | $32.2 M | $32.2 M | $28.93 M | $9.17 M | $6.72 M |
| 2007 | $30.09 M | $30.09 M | $33.6 M | $10.56 M | $7.73 M |
| 2006 | $30.17 M | $30.17 M | $31.15 M | $11.24 M | $8.14 M |
| 2005 | $31 M | $31 M | $26.78 M | $11.78 M | $8.58 M |
| 2004 | $31.56 M | $31.56 M | $24.5 M | $11.8 M | $8.23 M |
| 2003 | $34.81 M | $34.81 M | $26.31 M | $10.09 M | $7.63 M |
| 2002 | $18.79 M | $18.79 M | $35.65 M | $20.47 M | $13.42 M |
| 2001 | $9.37 M | $9.37 M | $45.01 M | $20.14 M | $12.32 M |
| 2000 | $9.45 M | $9.45 M | $44.19 M | $17.67 M | $11.02 M |
| 1999 | $7.36 M | $7.36 M | $34.76 M | $14.13 M | $9.22 M |
| 1998 | $7.22 M | $7.22 M | $31.16 M | $12.09 M | $8.06 M |