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Income Statement
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FARMERS & MERCHANTS BANCORP INC (FMAO)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-23Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21Dec-31-20
   10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
    Interest income:  
        Interest income on loans   82.676.571.667.765.165.065.3
        Interest income on investments   5.14.94.74.44.24.14.4
        88.482.076.872.669.769.570.2
    Interest expense:  
        Interest on deposits   5.55.45.45.56.17.18.6
        Interest on borrowings   1.00.90.80.70.80.91.0
        8.27.77.37.07.68.710.4
Net interest income   99.093.284.286.482.981.580.6
Provision for loan losses   2.3  3.04.35.3 
Net interest income after provision for loan losses   96.891.981.283.478.676.375.6
        Other non-interest income   16.317.017.618.719.418.716.8
Total non-interest income   16.317.017.618.719.418.716.8
Non-interest expenses   55.555.354.251.048.846.144.4
Pre-tax income before non-recurring items   37.133.629.528.726.626.125.2
Non-recurring items   -0.5 0.00.40.20.00.0
Pre-tax income   37.633.629.528.326.426.125.2
Income taxes   7.66.96.05.75.45.25.1
            Tax rate   20.3%20.5%20.3%20.1%20.3%19.9%20.3%
Net income   30.026.723.522.621.120.920.1
            Net margin   25.8%23.9%23.1%21.1%20.5%20.9%20.6%
   
Basic EPS   $2.39$2.21$2.03$2.04$1.90$1.89$1.82
Diluted EPS   $2.47$2.28$2.09$2.04$1.90$1.89$1.82
   
Shares outstanding (basic)   12.512.111.611.111.111.111.1
Shares outstanding (diluted)   12.111.711.211.111.111.111.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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