Farmers & Merchants Bancorp Management
Management criteria checks 3/4
Farmers & Merchants Bancorp's CEO is Lars Eller, appointed in Feb 2019, has a tenure of 5.17 years. total yearly compensation is $701.88K, comprised of 67.7% salary and 32.3% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth $423.27K. The average tenure of the management team and the board of directors is 1.8 years and 9.1 years respectively.
Key information
Lars Eller
Chief executive officer
US$701.9k
Total compensation
| CEO salary percentage | 67.7% |
| CEO tenure | 5.2yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.8yrs |
| Board average tenure | 9.1yrs |
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 23Farmers & Merchants Bancorp declares $0.17 dividend
Jun 16What Makes Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) A Great Dividend Stock?
May 04Here's Why I Think Farmers & Merchants Bancorp (NASDAQ:FMAO) Is An Interesting Stock
Mar 21Farmers & Merchants Bancorp (NASDAQ:FMAO) Has Compensated Shareholders With A Respectable 89% Return On Their Investment
Feb 14
Farmers & Merchants Bancorp acquires of Ossian Financial Services
Dec 21Farmers & Merchants Bancorp purchases assets and clients of Adams County Financial Resources
Dec 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD1.60M).
Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.
CEO
Lars Eller (56 yo)
5.2yrs
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 | 5.2yrs | US$701.88k | 0.15% $ 423.3k | |
| Executive VP & CFO | less than a year | US$361.91k | 0.21% $ 584.5k | |
| 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 | 4.3yrs | no data | no data | |
| Senior VP & Chief People Officer | 1.8yrs | 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 |
1.8yrs
Average Tenure
56yo
Average Age
Experienced Management: FMAO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.6yrs | US$701.88k | 0.15% $ 423.3k | |
| Independent Vice Chairman of the Board | 20.3yrs | US$56.00k | 0.042% $ 117.1k | |
| Independent Chairman of the Board | 33.3yrs | US$85.00k | 0.038% $ 105.2k | |
| Independent Director | 16.3yrs | US$58.60k | 0.14% $ 400.2k | |
| Independent Director | 15.3yrs | US$70.00k | 0.048% $ 131.5k | |
| Independent Director | 12.1yrs | US$70.00k | 0.18% $ 509.9k | |
| Independent Director | 10.8yrs | US$65.00k | 0.30% $ 818.8k | |
| Director | 5.3yrs | US$65.00k | 5.26% $ 14.6m | |
| Independent Director | 3.4yrs | US$70.00k | 0.0096% $ 26.5k | |
| Independent Director | 2.5yrs | US$54.60k | 0.33% $ 909.2k | |
| Independent Director | 7.4yrs | US$65.00k | 1.06% $ 2.9m | |
| Independent Director | 2.8yrs | US$65.00k | 0.0084% $ 23.4k |
9.1yrs
Average Tenure
62.5yo
Average Age
Experienced Board: FMAO's board of directors are considered experienced (9.1 years average tenure).