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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 itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  94.371.665.362.242.337.233.729.3
        Interest income on investments  5.64.74.44.23.63.73.80.1
        Interest income on repurchase agreements         0.0
       101.176.870.268.346.441.237.733.7
    Interest expense:  
        Interest on deposits  9.95.48.612.96.04.53.63.3
        Interest on borrowings  2.20.81.01.10.10.1  
       14.47.310.414.86.65.14.23.6
Net interest income  115.584.280.653.539.936.133.530.1
Provision for loan losses     1.10.30.21.10.6
Net interest income after provision for loan losses  115.584.280.652.439.535.932.429.4
        Gain on sale of investments, net         0.5
        Other non-interest income  15.517.616.811.810.910.711.410.3
Total non-interest income  15.517.616.811.810.910.711.410.8
Non-interest expenses  57.254.244.441.532.128.727.426.1
Pre-tax income before non-recurring items  40.529.525.222.818.317.916.414.2
Non-recurring items     0.10.00.00.10.0
Pre-tax income  40.529.525.222.818.317.916.314.2
Income taxes  8.06.05.14.43.35.24.73.8
            Tax rate  19.7%20.3%20.3%19.2%18.1%29.0%28.5%27.0%
Net income  32.523.520.118.414.912.711.710.3
            Net margin  24.8%23.1%20.6%28.7%29.7%27.3%26.7%25.7%
   
Basic EPS  $2.48$2.03$1.82$1.67$1.63$1.39$1.28$1.13
Diluted EPS  $2.48$2.03$1.82$1.67$1.63$1.39$1.28$1.13
   
Shares outstanding (basic)  13.111.611.111.09.29.29.19.2
Shares outstanding (diluted)  13.111.611.111.09.29.29.19.2
   
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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