FMCB Stock Overview

Operates as the bank holding company for Farmers & Merchants Bank of Central California that provides various banking services to businesses and individuals. More details

FMCB fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 62.4% below our estimate of its fair value

Earnings grew by 1.3% over the past year

Pays a reliable dividend of 1.82%

Risk Analysis

No risks detected for FMCB from our risk checks.

My Notes

Capture your thoughts, links and company narrative

Farmers & Merchants Bancorp Competitors

Mercantile Bank

NasdaqGS:MBWM

US$733.3m

Orrstown Financial Services

NasdaqCM:ORRF

US$712.6m

CrossFirst Bankshares

NasdaqGS:CFB

US$765.1m

HBT Financial

NasdaqGS:HBT

US$696.8m

Price History & Performance

Summary of share price highs, lows and changes for Farmers & Merchants Bancorp
Historical stock prices
Current Share Price	US$1,020.02
52 Week High	US$1,100.00
52 Week Low	US$930.12
Beta	0.17
1 Month Change	-1.54%
3 Month Change	5.30%
1 Year Change	2.00%
3 Year Change	6.03%
5 Year Change	31.79%
Change since IPO	1,644.56%

Recent updates

Shareholder Returns

	FMCB	US Banks	US Market
7D	-1.9%	-3.4%	-2.4%
1Y	2.0%	29.1%	23.3%

Return vs Industry: FMCB underperformed the US Banks industry which returned 29.1% over the past year.

Return vs Market: FMCB underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is FMCB's price volatile compared to industry and market?
FMCB volatility
FMCB Average Weekly Movement	4.4%
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FMCB has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FMCB's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1916	378	Kent Steinwert	www.fmbonline.com

Farmers & Merchants Bancorp operates as the bank holding company for Farmers & Merchants Bank of Central California that provides various banking services to businesses and individuals. The company accepts various deposit products, including checking, savings, money market, time certificates of deposit, and individual retirement accounts. It also offers range of lending products comprising commercial and residential real estate, real estate construction, agribusiness, and consumer loans, as well as equipment leases and credit card services; commercial products, including term loans, lines of credit and other working capital financing, and letters of credit; and financing products, such as automobile financing, home improvement, and home equity lines of credit.

Farmers & Merchants Bancorp Fundamentals Summary

How do Farmers & Merchants Bancorp's earnings and revenue compare to its market cap?
FMCB fundamental statistics
Market cap	US$713.93m
Earnings (TTM)	US$88.04m
Revenue (TTM)	US$221.49m

8.1x

P/E Ratio

1.2x

P/B Ratio

Is FMCB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FMCB income statement (TTM)
Revenue	US$221.49m
Cost of Revenue	US$0
Gross Profit	US$221.49m
Other Expenses	US$133.45m
Earnings	US$88.04m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	125.78
Gross Margin	100.00%
Net Profit Margin	39.75%
Debt/Equity Ratio	1.7%

How did FMCB perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

15%

Payout Ratio

Does FMCB pay a reliable dividends?

See FMCB dividend history and benchmarks

When do you need to buy FMCB by to receive an upcoming dividend?
Farmers & Merchants Bancorp dividend dates
Ex Dividend Date	Dec 04 2024
Dividend Pay Date	Jan 02 2025
Days until Ex dividend	18 days
Days until Dividend pay date	11 days

Does FMCB pay a reliable dividends?

See FMCB dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:57
End of Day Share Price	2024/12/20 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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 is covered by 0 analysts. 0 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