Farmers & Merchants Bancorp Management
Management criteria checks 4/4
Farmers & Merchants Bancorp's CEO is Lars Eller, appointed in Feb 2019, has a tenure of 5.83 years. total yearly compensation is $701.88K, comprised of 67.7% salary and 32.3% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth $762.31K. The average tenure of the management team and the board of directors is 2.3 years and 5.9 years respectively.
Key information
Lars Eller
Chief executive officer
US$701.9k
Total compensation
| CEO salary percentage | 67.7% |
| CEO tenure | 5.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.3yrs |
| Board average tenure | 5.9yrs |
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 |
|---|---|---|---|
| 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$15m |
Compensation vs Market: Lars's total compensation ($USD701.88K) is below average for companies of similar size in the US market ($USD2.15M).
Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.
CEO
Lars Eller (57 yo)
5.8yrs
Tenure
US$701,875
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 | 5.8yrs | US$701.88k | 0.19% $ 762.3k | |
| Executive VP & CFO | 1.2yrs | US$361.91k | 0.23% $ 912.4k | |
| Senior VP & Chief Accounting Officer | no data | no data | no data | |
| Senior VP & Chief Information Officer | no data | no data | no data | |
| Senior VP & Chief Administrative Officer | less than a year | no data | no data | |
| VP and Compliance & CRA Manager | no data | no data | no data | |
| VP of Sales & Retail Skills Development Manager | no data | no data | no data | |
| Senior VP & Chief Marketing Officer | 4.9yrs | 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 | |
| Senior VP & Retail Banking Manager | no data | no data | no data | |
| Senior VP & Chief Risk Officer | 2.3yrs | no data | no data |
2.3yrs
Average Tenure
52.5yo
Average Age
Experienced Management: FMAO's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.3yrs | US$701.88k | 0.19% $ 762.3k | |
| Independent Vice Chairman of the Board | 20.9yrs | US$70.00k | 0.048% $ 193.8k | |
| Independent Director | 16.9yrs | US$65.00k | 0.25% $ 999.0k | |
| Independent Director | 15.9yrs | US$70.00k | 0.051% $ 205.8k | |
| Independent Director | 11.4yrs | US$65.00k | 0.30% $ 1.2m | |
| Chairman | 5.9yrs | US$65.00k | 5.25% $ 21.1m | |
| Independent Director | 4.1yrs | US$70.00k | 0.015% $ 59.5k | |
| Independent Director | 3.2yrs | US$65.00k | 0.34% $ 1.4m | |
| Independent Director | less than a year | no data | 0.0071% $ 28.6k | |
| Independent Director | 3.5yrs | US$65.00k | 0.014% $ 55.0k | |
| Director | less than a year | no data | 0.59% $ 2.4m |
5.9yrs
Average Tenure
62yo
Average Age
Experienced Board: FMAO's board of directors are considered experienced (5.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 08:28 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Farmers & Merchants Bancorp, Inc. is covered by 5 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 |
| Brendan Nosal | Piper Sandler Companies |