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Farmers & Merchants Bancorp (FMCB)

Operating cash flow minus capital spending left $96.6M of free cash flow in fiscal 2025. At June 30, 2026 it held $278.6M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 7, 2026.

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Price
$1,449.99
-0.69% on the day · September 28, 2026
52-week range $985.25 to $1,540.00
Market cap
$1B
P/E
10.8
on FY2025 diluted EPS

What Farmers & Merchants Bancorp does

Farmers & Merchants Bancorp is registered with the SEC under industry code SIC 6021 (National Commercial Banks). Its shares trade on OTC under the ticker FMCB.

Revenue and profit by year

Net income
FY18: $45.5M $45.5M FY18FY19: $56M $56M FY19FY20: $58.7M $58.7M FY20FY21: $66.3M $66.3M FY21FY22: $75.1M $75.1M FY22FY23: $88.3M $88.3M FY23FY24: $88.5M $88.5M FY24FY25: $93.6M $93.6M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025n/an/a$93.6M$133.96$96.6M
2024n/an/a$88.5M$121.02$101.3M
2023n/an/a$88.3M$116.61$88.4M
2022n/an/a$75.1M$96.55$97.6M
2021n/an/a$66.3M$84.01$57.9M
2020n/an/a$58.7M$74.03$50.4M

Full financial statements: income, balance sheet and cash flow

Next report expected around October 15, 2026.

Estimated from its filing rhythm: 52 weeks after its report of October 16, 2025. Not a date the company has announced. See the report calendar

Dividends

Farmers & Merchants Bancorp declared $19.35 per share in fiscal 2025. At the current price that is a yield of 1.33%. It paid out $13.8M in cash dividends, 15% of its net income.

Fiscal yearPer sharePaid outOf profit
2025$19.35$13.8M15%
2024$18.10$13M15%
2023$17.10$12.9M15%
2022$16.15$12.5M17%
2021$15.30$12.1M18%
2020$14.75$11.7M20%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Farmers & Merchants Bancorp has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 13, 2026
  2. August 7, 2026
    Quarterly report 10-Q · period to June 30, 2026Diluted EPS $36.39 versus $32.94.
  3. July 23, 2026
  4. July 20, 2026
  5. June 11, 2026
  6. May 13, 2026
  7. May 12, 2026
  8. May 8, 2026
    Quarterly report 10-Q · period to March 31, 2026Diluted EPS $35.34 versus $32.86.
  9. April 23, 2026
  10. April 20, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on August 25, 2026. Insider transactions on SEC

Insider trades

What the people running Farmers & Merchants Bancorp did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 17 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
August 3, 2026 Olson Bart RExecutive Vice President Received as pay 804 $1,346.32 $1.1M Form 4
August 3, 2026 Olson Bart RExecutive Vice President Received as pay 925 $1,346.32 $1.2M Form 4
August 3, 2026 Misasi J. RyanExecutive Vice President Received as pay 804 $1,346.32 $1.1M Form 4
August 3, 2026 Misasi J. RyanExecutive Vice President Received as pay 925 $1,346.32 $1.2M Form 4
August 3, 2026 Harper TroyExecutive Vice President Received as pay 275 $1,346.32 $370.2K Form 4
August 3, 2026 Bennett Thomas AExecutive Vice President Received as pay 212 $1,346.32 $285.4K Form 4
August 3, 2026 Zitterow DavidExecutive Vice President Received as pay 465 $1,346.32 $626K Form 4
August 3, 2026 Long Gary J.Director Received as pay 60 $1,346.32 $80.8K Form 4
August 3, 2026 Long Gary J.Director Received as pay 250 $1,346.32 $336.6K Form 4
August 3, 2026 Skinner Deborah EDirector Received as pay 60 $1,346.32 $80.8K Form 4
August 3, 2026 Skinner Deborah EDirector Received as pay 250 $1,346.32 $336.6K Form 4
August 3, 2026 Steinwert Kent APresident/CEO, Director Received as pay 3,173 $1,346.32 $4.3M Form 4
August 3, 2026 Steinwert Kent APresident/CEO, Director Received as pay 3,800 $1,346.32 $5.1M Form 4
August 3, 2026 Sanguinetti KevinDirector Received as pay 60 $1,346.32 $80.8K Form 4
August 3, 2026 Sanguinetti KevinDirector Received as pay 250 $1,346.32 $336.6K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns FMCB

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

No holder of 5% or more has filed about this company in that window.

Latest filings below 5%: Farmers & Merchants Bank of Central California 0.15% (February 19, 2026).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

10 insiders reported holding 25,322 shares in total, about $36.7M at the last price.

HolderSharesAs of
Steinwert Kent APresident/CEO, Director 10,306 August 3, 2026
Zitterow DavidExecutive Vice President 2,651 August 3, 2026
Olson Bart RExecutive Vice President 2,551 August 3, 2026
Misasi J. RyanExecutive Vice President 2,541 August 3, 2026
Skinner Deborah EDirector 2,252 August 3, 2026
Sanguinetti KevinDirector 1,398 August 3, 2026
Weubbe John WExecutive Vice President 1,360 August 3, 2026
Long Gary J.Director 1,153 August 3, 2026
Harper TroyExecutive Vice President 657 August 3, 2026
Bennett Thomas AExecutive Vice President 453 August 3, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about FMCB

What does Farmers & Merchants Bancorp do?

Farmers & Merchants Bancorp is registered with the SEC under industry code SIC 6021 (National Commercial Banks). Its shares trade on OTC under the ticker FMCB.

Is Farmers & Merchants Bancorp profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $96.3M.

When did Farmers & Merchants Bancorp last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 7, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade (amended) from August 25, 2026.

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Where the numbers come from

Financial figures are the values Farmers & Merchants Bancorp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.