Farmers & Merchants Bancorp (FMCB)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | $m | 163 | 179 | 199 | 227 | 224 | 243 | 251 | - |
| Operating profit | $m | 129 | 131 | ||||||
| Net profit | $m | 59 | 66 | 75 | 88 | 88 | 94 | 96 | - |
| EPS reported | $ | 134.0 | 139.9 | ||||||
| Operating cashflow per share | $ | 150.2 | 157.2 | ||||||
| Capex per share | $ | 10.93 | 24.53 | ||||||
| FCF per share | $ | 139.3 | 132.7 | ||||||
| Free cash flow | $m | 97 | 100 | ||||||
| Net debt | $m | -142 | -1,015 | ||||||
| Book value equity | $m | 646 | 679 | ||||||
| Book value per share | $ | 923.8 | 999.2 | ||||||
| Number of shares | m | 0.7 | 0.68 | ||||||
| DPS (TTM paid) | $ | 20.50 | 21.10 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 8.30 | 10.62 | ||||||
| P/B LTM | x | 1.19 | 1.14 | ||||||
| P/S LTM | x | 3.17 | 3.07 | ||||||
| P/FCF LTM | x | 7.98 | 7.74 | ||||||
| EV/EBITDA LTM | x | 4.83 | 4.77 | ||||||
| EV/Sales LTM | x | 2.10 | 1.84 | ||||||
| Earnings Yield LTM | % | +12.05% | +9.42% | ||||||
| FCF Yield | % | +12.54% | +12.92% | ||||||
| Quality | |||||||||
| ROE | % | +14.50% | +14.76% | ||||||
| ROIC | % | +13.14% | +13.14% | ||||||
| Operating margin | % | +42.48% | +41.73% | ||||||
| Gross margin | % | +78.94% | +78.99% | ||||||
| FCF/Sales | % | +31.87% | +28.81% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +10.69% | +15.63% | ||||||
| Sales Growth YoY | % | +8.34% | +12.13% | ||||||
| Net Income Growth YoY | % | +5.82% | +8.92% | ||||||
| FCF Growth | % | -4.66% | -1.75% | ||||||
| Operating Profit Growth | % | +5.34% | +7.34% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +1.80% | +1.51% | ||||||
| Dividend Growth | % | +10.22% | +13.44% | ||||||
| Payout Ratio | % | +14.79% | +18.46% | ||||||
| FCF/Debt | x | 9.37 | 9.66 | ||||||
| Net Debt/EBITDA | x | -1.02 | -2.84 | ||||||
| EBIT/Net interest | x | 2.13 | 2.11 | ||||||
| Net debt/market cap | % | +1.34% | +1.10% | ||||||
| Net debt/Equity | x | -0.22 | -1.49 | ||||||
| Gross debt/equity | x | 0.02 | 0.02 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Farmers & Merchants Bancorp functions as the holding company for Farmers & Merchants Bank of Central California, offering a broad spectrum of banking and financial services to both business and individual customers. Its array of deposit products encompasses checking, savings, and money market accounts, along with time certificates of deposit and individual retirement accounts. The institution's lending capabilities are extensive, covering commercial, residential, and construction real estate financing, agribusiness loans, and various consumer credit options. It also provides equipment leasing and credit card services. For corporate clients, specialized offerings include term loans, lines of credit, working capital financing, and letters of credit. Personal financing solutions extend to automobile loans, home improvement loans, and home equity lines of credit. Furthermore, the company delivers a suite of specialized services, such as credit card programs for merchants, secure lockbox and collection services, account reconciliation, investment sweep capabilities, online account access, and electronic funds transfers via domestic and international wire or automated clearinghouse (ACH). Comprehensive online banking facilities are also available. Investment opportunities, including mutual funds and annuities, are also provided. The company reaches its clientele through a network of 29 full-service branch locations and 3 stand-alone automated teller machines. This geographical footprint spans California's mid-Central Valley, specifically Sacramento, San Joaquin, Solano, Stanislaus, and Merced counties, as well as the eastern part of the San Francisco Bay Area, covering Napa, Alameda, and Contra Costa counties. Founded in 1916, Farmers & Merchants Bancorp maintains its principal office in Lodi, California.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Farmers & Merchants Bancorp (FMCB)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Farmers & Merchants Bancorp functions as the holding company for Farmers & Merchants Bank of Central California, offering a broad spectrum of banking and financial services to both business and individual customers. Its array of deposit products encompasses checking, savings, and money market accounts, along with time certificates of deposit and individual retirement accounts. The institution's lending capabilities are extensive, covering commercial, residential, and construction real estate financing, agribusiness loans, and various consumer credit options. It also provides equipment leasing and credit card services. For corporate clients, specialized offerings include term loans, lines of credit, working capital financing, and letters of credit. Personal financing solutions extend to automobile loans, home improvement loans, and home equity lines of credit. Furthermore, the company delivers a suite of specialized services, such as credit card programs for merchants, secure lockbox and collection services, account reconciliation, investment sweep capabilities, online account access, and electronic funds transfers via domestic and international wire or automated clearinghouse (ACH). Comprehensive online banking facilities are also available. Investment opportunities, including mutual funds and annuities, are also provided. The company reaches its clientele through a network of 29 full-service branch locations and 3 stand-alone automated teller machines. This geographical footprint spans California's mid-Central Valley, specifically Sacramento, San Joaquin, Solano, Stanislaus, and Merced counties, as well as the eastern part of the San Francisco Bay Area, covering Napa, Alameda, and Contra Costa counties. Founded in 1916, Farmers & Merchants Bancorp maintains its principal office in Lodi, California.
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