Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 121 W Pine St LODI CA 95240-2184 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
Kent A. Steinwert Chairman of the Board, President, Chief Executive Officer of the Company and Bank | Bart R. Olson Chief Financial Officer, Executive Vice President | Deborah E. Skinner Executive Vice President, Chief Administrative Officer of the Bank. |
Kyle Koelbel Executive Vice President - Enterprise Risk Officer | David M. Zitterow Executive Vice President, Director of Banking | Ryan J. Misasi Executive Vice President, Retail Banking Division Manager of the Bank | John Weubbe Chief Credit Officer |
Business Overview |
Farmers & Merchants Bancorp is the parent company of Farmers & Merchants Bank of Central California. The Company offers a range of deposit products, including checking, savings, money market, time certificates of deposit, individual retirement accounts and online banking services for both business and personal accounts. The Company provides a complement of lending products, including commercial, commercial real estate, real estate construction and others. Its commercial products include term loans, leases, lines of credit and other working capital financing and letters of credit. Its financing products for individuals include automobile financing, lines of credit, residential real estate and others. It also offers a range of specialized services designed for the needs of its commercial accounts. These services include a credit card program for merchants, lockbox and other collection services, account reconciliation, investment sweep, on-line account access, and electronic funds. |
Financial Overview |
For the fiscal year ended 31 December 2023, Farmers & Merchants Bancorp interest income increased 28% to $253.8M. Net interest income after loan loss provision increased 10% to $206M. Net income increased 18% to $88.3M. Net interest income after loan loss provision reflects F&M Banking segment increase from $0K to $206M, Net Interest Margin, Total -% increase of 13% to 4.3%, Net Interest Spread, Total -% increase of 3% to 3.84%. |
Employees: | 378 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $668.27M as of Mar 31, 2024 |
Annual revenue (TTM): | $253.75M as of Mar 31, 2024 |
EBITDA (TTM): | $119.89M as of Mar 31, 2024 |
Net annual income (TTM): | $88.31M as of Mar 31, 2024 |
Free cash flow (TTM): | $81.78M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 742,839 as of Mar 14, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |