Farmers & Merchants Bancorp Management
Management criteria checks 2/4
Farmers & Merchants Bancorp's CEO is Lars Eller, appointed in Feb 2019, has a tenure of 6.08 years. total yearly compensation is $910.16K, comprised of 53.8% salary and 46.2% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth $745.79K. The average tenure of the management team and the board of directors is 2 years and 6.2 years respectively.
Key information
Lars Eller
Chief executive officer
US$910.2k
Total compensation
| CEO salary percentage | 53.8% |
| CEO tenure | 6.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2yrs |
| Board average tenure | 6.2yrs |
Recent management updates
Recent updates
Farmers & Merchants Bancorp GAAP EPS of $0.68 misses by $0.03, revenue of $26.32M beats by $3.37M
Oct 19Farmers & Merchants Bancorp: Growing Bank To Consider
Sep 23Farmers & Merchants Bancorp (NASDAQ:FMAO) Has Announced That It Will Be Increasing Its Dividend To $0.21
Sep 20
Farmers & Merchants Bancorp raises dividend by 10.5% to $0.21
Sep 16Farmers & Merchants Bancorp GAAP EPS of $0.63 beats by $0.01, revenue of $25.18M beats by $3.01M
Jul 21Should You Be Adding Farmers & Merchants Bancorp (NASDAQ:FMAO) To Your Watchlist Today?
Jun 09Farmers & Merchants Bancorp Continues To Reap The Fruits Of Its Prudence
Apr 29Farmers & Merchants Bancorp Has Almost No Overdue Loans
Mar 03Farmers & Merchants Bancorp's (NASDAQ:FMAO) Dividend Will Be Increased To US$0.19
Dec 23Farmers & Merchants Bancorp (NASDAQ:FMAO) Has Affirmed Its Dividend Of US$0.18
Sep 20Upgrade: Analysts Just Made A Notable Increase To Their Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Forecasts
Jul 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | US$910k | US$490k | US$25m |
| Sep 30 2024 | n/a | n/a | US$23m |
| Jun 30 2024 | n/a | n/a | US$21m |
| Mar 31 2024 | n/a | n/a | US$21m |
| Dec 31 2023 | US$702k | US$475k | US$23m |
| Sep 30 2023 | n/a | n/a | US$24m |
| Jun 30 2023 | n/a | n/a | US$28m |
| Mar 31 2023 | n/a | n/a | US$31m |
| Dec 31 2022 | US$782k | US$401k | US$32m |
| Sep 30 2022 | n/a | n/a | US$33m |
| Jun 30 2022 | n/a | n/a | US$30m |
| Mar 31 2022 | n/a | n/a | US$26m |
| Dec 31 2021 | US$718k | US$383k | US$23m |
| Sep 30 2021 | n/a | n/a | US$22m |
| Jun 30 2021 | n/a | n/a | US$21m |
| Mar 31 2021 | n/a | n/a | US$21m |
| Dec 31 2020 | US$663k | US$384k | US$20m |
| Sep 30 2020 | n/a | n/a | US$18m |
| Jun 30 2020 | n/a | n/a | US$18m |
| Mar 31 2020 | n/a | n/a | US$19m |
| Dec 31 2019 | US$565k | US$350k | US$18m |
| Sep 30 2019 | n/a | n/a | US$17m |
| Jun 30 2019 | n/a | n/a | US$16m |
| Mar 31 2019 | n/a | n/a | US$14m |
| Dec 31 2018 | US$426k | US$88k | US$15m |
Compensation vs Market: Lars's total compensation ($USD910.16K) is below average for companies of similar size in the US market ($USD2.35M).
Compensation vs Earnings: Lars's compensation has increased by more than 20% in the past year.
CEO
Lars Eller (57 yo)
6.1yrs
Tenure
US$910,158
Compensation
Mr. Lars B. Eller is President and Chief Executive Officer at Farmers & Merchants Bancorp, Inc. since February 01, 2019. Mr. Eller is President and Chief Executive Officer at Farmers & Merchants State Bank...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.1yrs | US$910.16k | 0.23% $ 745.8k | |
| Executive VP & CFO | 1.4yrs | US$481.78k | 0.25% $ 805.4k | |
| Senior VP & Chief Information Officer | 4.8yrs | US$330.45k | 0.053% $ 175.5k | |
| Senior VP & Chief Risk Officer | 2.5yrs | US$363.80k | 0.035% $ 114.8k | |
| Executive VP & Chief Lending Officer | 1.2yrs | US$399.99k | 0.051% $ 166.2k | |
| Senior VP & Chief Accounting Officer | no data | no data | no data | |
| Senior VP & Chief Administrative Officer | 1yr | no data | no data | |
| VP and Compliance & CRA Manager | no data | no data | no data | |
| Senior VP & Chief Marketing Officer | 5.2yrs | no data | no data | |
| Senior Vice President & Chief People Officer | less than a year | no data | no data | |
| Senior VP & Regional President | no data | no data | no data | |
| Senior VP & Agri Finance Manager | no data | no data | no data |
2.0yrs
Average Tenure
52yo
Average Age
Experienced Management: FMAO's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.5yrs | US$910.16k | 0.23% $ 745.8k | |
| Independent Vice Chairman of the Board | 21.2yrs | US$70.01k | 0.049% $ 161.4k | |
| Independent Director | 17.2yrs | US$65.01k | 0.21% $ 690.2k | |
| Independent Director | 16.2yrs | US$70.01k | 0.054% $ 177.6k | |
| Independent Director | 11.7yrs | US$65.01k | 0.33% $ 1.1m | |
| Chairman | 6.2yrs | US$78.31k | 5.26% $ 17.3m | |
| Independent Director | 4.3yrs | US$70.01k | 0.0040% $ 13.1k | |
| Independent Director | 3.4yrs | US$65.01k | 0.34% $ 1.1m | |
| Independent Director | 1.2yrs | US$65.01k | 0.0071% $ 23.4k | |
| Independent Director | 3.8yrs | US$65.01k | 0.014% $ 45.1k | |
| Director | less than a year | US$10.06k | 0.59% $ 1.9m |
6.2yrs
Average Tenure
62yo
Average Age
Experienced Board: FMAO's board of directors are considered experienced (6.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/24 10:06 |
| End of Day Share Price | 2025/03/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Farmers & Merchants Bancorp, Inc. is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brendan Nosal | Hovde Group, LLC |
| Daniel Cardenas | Janney Montgomery Scott LLC |
| Justin Crowley | Piper Sandler Companies |