Farmers & Merchants Bancorp Management
Management criteria checks 3/4
Farmers & Merchants Bancorp's CEO is Kent Steinwert, appointed in Jan 1997, has a tenure of 27.33 years. total yearly compensation is $6.13M, comprised of 14.8% salary and 85.2% bonuses, including company stock and options. directly owns 4.25% of the company’s shares, worth $31.55M. The average tenure of the management team and the board of directors is 7 years and 21.3 years respectively.
Key information
Kent Steinwert
Chief executive officer
US$6.1m
Total compensation
| CEO salary percentage | 14.8% |
| CEO tenure | 27.3yrs |
| CEO ownership | 4.2% |
| Management average tenure | 7yrs |
| Board average tenure | 21.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$87m |
| Dec 31 2023 | US$6m | US$905k | US$88m |
| Sep 30 2023 | n/a | n/a | US$87m |
| Jun 30 2023 | n/a | n/a | US$84m |
| Mar 31 2023 | n/a | n/a | US$82m |
| Dec 31 2022 | US$6m | US$905k | US$75m |
| Sep 30 2022 | n/a | n/a | US$71m |
| Jun 30 2022 | n/a | n/a | US$69m |
| Mar 31 2022 | n/a | n/a | US$67m |
| Dec 31 2021 | US$5m | US$905k | US$66m |
| Sep 30 2021 | n/a | n/a | US$66m |
| Jun 30 2021 | n/a | n/a | US$63m |
| Mar 31 2021 | n/a | n/a | US$61m |
| Dec 31 2020 | US$5m | US$916k | US$59m |
| Sep 30 2020 | n/a | n/a | US$58m |
| Jun 30 2020 | n/a | n/a | US$57m |
| Mar 31 2020 | n/a | n/a | US$57m |
| Dec 31 2019 | US$5m | US$855k | US$56m |
| Sep 30 2019 | n/a | n/a | US$54m |
| Jun 30 2019 | n/a | n/a | US$53m |
| Mar 31 2019 | n/a | n/a | US$49m |
| Dec 31 2018 | US$4m | US$811k | US$46m |
| Sep 30 2018 | n/a | n/a | US$36m |
| Jun 30 2018 | n/a | n/a | US$33m |
| Mar 31 2018 | n/a | n/a | US$30m |
| Dec 31 2017 | US$4m | US$804k | US$28m |
Compensation vs Market: Kent's total compensation ($USD6.13M) is above average for companies of similar size in the US market ($USD3.42M).
Compensation vs Earnings: Kent's compensation has been consistent with company performance over the past year.
CEO
Kent Steinwert (70 yo)
27.3yrs
Tenure
US$6,131,578
Compensation
Mr. Kent A. Steinwert has been the Chief Executive Officer and President of Farmers & Merchants Bank of Central California, a subsidiary of Farmers & Merchants BanCorp Since August 18, 1997. Mr. Steinwert...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 27.3yrs | US$6.13m | 4.25% $ 31.5m | |
| Executive VP | 1.2yrs | US$1.69m | 0.061% $ 452.2k | |
| Executive VP & Chief Administrative Officer | 23.4yrs | US$2.25m | 0.65% $ 4.8m | |
| Executive VP & Retail Banking Division Manager | 10yrs | US$1.58m | 0.38% $ 2.8m | |
| Executive VP & Director of Wholeslae Banking Division | 7yrs | US$1.35m | 0.18% $ 1.3m | |
| Senior VP & Director of Human Resources | 5.8yrs | no data | no data | |
| Executive VP & Chief Credit Officer | 1.3yrs | no data | 0.11% $ 811.3k |
7.0yrs
Average Tenure
54yo
Average Age
Experienced Management: FMCB's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 26.3yrs | US$6.13m | 4.25% $ 31.5m | |
| Independent Director | 34.3yrs | US$294.20k | 0.50% $ 3.7m | |
| Independent Director | 23.3yrs | US$303.60k | 1.05% $ 7.8m | |
| Independent Director | 21.3yrs | US$353.40k | 0.30% $ 2.2m | |
| Independent Director | 9.8yrs | US$295.20k | 0.26% $ 1.9m | |
| Independent Director | 1.8yrs | US$292.60k | 0.064% $ 472.2k | |
| Independent Director | 6.2yrs | US$281.00k | 0.10% $ 743.3k |
21.3yrs
Average Tenure
70yo
Average Age
Experienced Board: FMCB's board of directors are seasoned and experienced ( 21.3 years average tenure).