Farmers & Merchants Bancorp Past Earnings Performance
Past criteria checks 4/6
Farmers & Merchants Bancorp has been growing earnings at an average annual rate of 11.6%, while the Banks industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 8.5% per year. Farmers & Merchants Bancorp's return on equity is 15.5%, and it has net margins of 40.3%.
Key information
11.6%
Earnings growth rate
12.6%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 8.5% |
| Return on equity | 15.5% |
| Net Margin | 40.3% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How Farmers & Merchants Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 217 | 87 | 85 | 0 |
| 31 Dec 23 | 218 | 88 | 85 | 0 |
| 30 Sep 23 | 212 | 87 | 82 | 0 |
| 30 Jun 23 | 209 | 84 | 81 | 0 |
| 31 Mar 23 | 204 | 82 | 79 | 0 |
| 31 Dec 22 | 193 | 75 | 78 | 0 |
| 30 Sep 22 | 189 | 71 | 77 | 0 |
| 30 Jun 22 | 183 | 69 | 75 | 0 |
| 31 Mar 22 | 181 | 67 | 75 | 0 |
| 31 Dec 21 | 177 | 66 | 76 | 0 |
| 30 Sep 21 | 178 | 66 | 73 | 0 |
| 30 Jun 21 | 174 | 63 | 73 | 0 |
| 31 Mar 21 | 168 | 61 | 70 | 0 |
| 31 Dec 20 | 160 | 59 | 68 | 0 |
| 30 Sep 20 | 158 | 58 | 67 | 0 |
| 30 Jun 20 | 156 | 57 | 68 | 0 |
| 31 Mar 20 | 157 | 57 | 69 | 0 |
| 31 Dec 19 | 158 | 56 | 68 | 0 |
| 30 Sep 19 | 154 | 54 | 66 | 0 |
| 30 Jun 19 | 148 | 53 | 63 | 0 |
| 31 Mar 19 | 141 | 49 | 61 | 0 |
| 31 Dec 18 | 135 | 46 | 60 | 0 |
| 30 Sep 18 | 131 | 36 | 59 | 0 |
| 30 Jun 18 | 127 | 33 | 57 | 0 |
| 31 Mar 18 | 124 | 30 | 56 | 0 |
| 31 Dec 17 | 122 | 28 | 55 | 0 |
| 30 Sep 17 | 114 | 32 | 55 | 0 |
| 30 Jun 17 | 113 | 31 | 54 | 0 |
| 31 Mar 17 | 110 | 30 | 52 | 0 |
| 31 Dec 16 | 102 | 30 | 51 | 0 |
| 30 Sep 16 | 105 | 29 | 50 | 0 |
| 30 Jun 16 | 102 | 29 | 50 | 0 |
| 31 Mar 16 | 99 | 28 | 49 | 0 |
| 31 Dec 15 | 101 | 27 | 47 | 0 |
| 30 Sep 15 | 97 | 27 | 47 | 0 |
| 30 Jun 15 | 94 | 26 | 45 | 0 |
| 31 Mar 15 | 94 | 26 | 44 | 0 |
| 31 Dec 14 | 92 | 25 | 42 | 0 |
| 30 Sep 14 | 90 | 25 | 41 | 0 |
| 30 Jun 14 | 89 | 25 | 40 | 0 |
| 31 Mar 14 | 88 | 24 | 40 | 0 |
| 31 Dec 13 | 89 | 24 | 39 | 0 |
| 30 Sep 13 | 87 | 24 | 39 | 0 |
| 30 Jun 13 | 87 | 24 | 39 | 0 |
Quality Earnings: FMCB has high quality earnings.
Growing Profit Margin: FMCB's current net profit margins (40.3%) are higher than last year (39.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FMCB's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: FMCB's earnings growth over the past year (7.2%) is below its 5-year average (11.6% per year).
Earnings vs Industry: FMCB earnings growth over the past year (7.2%) exceeded the Banks industry -12.4%.
Return on Equity
High ROE: FMCB's Return on Equity (15.5%) is considered low.