Farmers and Merchants Bancshares, Inc.
FMFG · OTC
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $39,472 | $32,405 | $28,090 | $27,494 |
| % Growth | 21.8% | 15.4% | 2.2% | – |
| Cost of Goods Sold | $17,677 | $9,337 | $2,621 | $3,135 |
| Gross Profit | $21,795 | $23,068 | $25,469 | $24,359 |
| % Margin | 55.2% | 71.2% | 90.7% | 88.6% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $10,789 | $10,171 | $10,399 | $9,713 |
| SG&A Expenses | $11,017 | $10,441 | $10,657 | $9,946 |
| Sales & Mktg Exp. | $228 | $270 | $258 | $233 |
| Other Operating Expenses | $5,269 | $4,192 | $4,236 | $3,830 |
| Operating Expenses | $16,286 | $14,633 | $14,893 | $13,776 |
| Operating Income | $5,509 | $8,435 | $10,575 | $10,582 |
| % Margin | 14% | 26% | 37.6% | 38.5% |
| Other Income/Exp. Net | $0 | $0 | $0 | $0 |
| Pre-Tax Income | $5,509 | $8,435 | $10,575 | $10,582 |
| Tax Expense | $1,231 | $2,017 | $2,485 | $2,433 |
| Net Income | $4,278 | $6,418 | $8,090 | $8,150 |
| % Margin | 10.8% | 19.8% | 28.8% | 29.6% |
| EPS | 1.37 | 2.08 | 2.66 | 2.7 |
| % Growth | -34.1% | -21.8% | -1.5% | – |
| EPS Diluted | 1.37 | 2.08 | 2.66 | 2.7 |
| Weighted Avg Shares Out | 3,133 | 3,083 | 3,046 | 3,018 |
| Weighted Avg Shares Out Dil | 3,133 | 3,086 | 3,046 | 3,018 |
| Supplemental Information | – | – | – | – |
| Interest Income | $38,363 | $31,323 | $26,270 | $25,680 |
| Interest Expense | $17,527 | $9,907 | $2,146 | $2,805 |
| Depreciation & Amortization | $641 | $503 | $487 | $488 |
| EBITDA | $6,150 | $8,938 | $11,062 | $11,070 |
| % Margin | 15.6% | 27.6% | 39.4% | 40.3% |