Farmers & Merchants Bancorp annual return on equity
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Farmers & Merchants Bancorp Return on Equity (ROE) Growth & History (FMAO)
Farmers & Merchants Bancorp's return on equity was 9.44% for fiscal 2025.
View full Farmers & Merchants Bancorp company overviewFarmers & Merchants Bancorp annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 9.44% | +1.48 pp |
| 2024 | 2024-12-31 | 7.96% | +0.55 pp |
| 2023 | 2023-12-31 | 7.41% | −3.51 pp |
| 2022 | 2022-12-31 | 10.92% | +2.32 pp |
| 2021 | 2021-12-31 | 8.60% | +0.22 pp |
| 2020 | 2020-12-31 | 8.38% | −1.47 pp |
| 2019 | 2019-12-31 | 9.85% | −0.93 pp |
| 2018 | 2018-12-31 | 10.78% | +0.98 pp |
| 2017 | 2017-12-31 | 9.80% | +0.30 pp |
| 2016 | 2016-12-31 | 9.50% | +0.68 pp |
| 2015 | 2015-12-31 | 8.82% | +0.17 pp |
| 2014 | 2014-12-31 | 8.65% | +0.43 pp |
| 2013 | 2013-12-31 | 8.22% | −0.85 pp |
| 2012 | 2012-12-31 | 9.07% | +0.55 pp |
| 2011 | 2011-12-31 | 8.52% | +1.10 pp |
| 2010 | 2010-12-31 | 7.43% | — |
Farmers & Merchants Bancorp quarterly return on equity
Q2.11
Q3.11
Q4.11
Q1.12
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Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
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Q4.16
Q1.17
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Q3.17
Q4.17
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Q3.18
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Q1.23
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Q2.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.10% | +0.88 pp |
| Q1 2026 | 2026-03-31 | 2.57% | +0.52 pp |
| Q4 2025 | 2025-12-31 | 2.67% | +0.17 pp |
| Q3 2025 | 2025-09-30 | 2.49% | +0.50 pp |
| Q2 2025 | 2025-06-30 | 2.22% | +0.44 pp |
| Q1 2025 | 2025-03-31 | 2.05% | +0.36 pp |
| Q4 2024 | 2024-12-31 | 2.50% | +0.71 pp |
| Q3 2024 | 2024-09-30 | 1.98% | +0.41 pp |
| Q2 2024 | 2024-06-30 | 1.77% | −0.19 pp |
| Q1 2024 | 2024-03-31 | 1.69% | −0.45 pp |
| Q4 2023 | 2023-12-31 | 1.79% | −0.70 pp |
| Q3 2023 | 2023-09-30 | 1.57% | −1.62 pp |
| Q2 2023 | 2023-06-30 | 1.97% | −0.95 pp |
| Q1 2023 | 2023-03-31 | 2.14% | −0.63 pp |
| Q4 2022 | 2022-12-31 | 2.48% | −0.30 pp |
| Q3 2022 | 2022-09-30 | 3.19% | +0.85 pp |
| Q2 2022 | 2022-06-30 | 2.92% | +0.91 pp |
| Q1 2022 | 2022-03-31 | 2.78% | +0.80 pp |
| Q4 2021 | 2021-12-31 | 2.78% | +0.03 pp |
| Q3 2021 | 2021-09-30 | 2.34% | +0.52 pp |
| Q2 2021 | 2021-06-30 | 2.00% | −0.01 pp |
| Q1 2021 | 2021-03-31 | 1.98% | +0.22 pp |
| Q4 2020 | 2020-12-31 | 2.75% | +0.69 pp |
| Q3 2020 | 2020-09-30 | 1.82% | −0.07 pp |
| Q2 2020 | 2020-06-30 | 2.02% | −0.79 pp |
| Q1 2020 | 2020-03-31 | 1.76% | −0.03 pp |
| Q4 2019 | 2019-12-31 | 2.06% | −0.20 pp |
| Q3 2019 | 2019-09-30 | 1.89% | −0.90 pp |
| Q2 2019 | 2019-06-30 | 2.80% | −0.22 pp |
| Q1 2019 | 2019-03-31 | 1.79% | −1.01 pp |
| Q4 2018 | 2018-12-31 | 2.26% | −0.31 pp |
| Q3 2018 | 2018-09-30 | 2.80% | +0.36 pp |
| Q2 2018 | 2018-06-30 | 3.02% | +0.53 pp |
| Q1 2018 | 2018-03-31 | 2.80% | +0.56 pp |
| Q4 2017 | 2017-12-31 | 2.57% | +0.04 pp |
| Q3 2017 | 2017-09-30 | 2.44% | +0.05 pp |
| Q2 2017 | 2017-06-30 | 2.49% | +0.09 pp |
| Q1 2017 | 2017-03-31 | 2.24% | +0.20 pp |
| Q4 2016 | 2016-12-31 | 2.53% | +0.22 pp |
| Q3 2016 | 2016-09-30 | 2.39% | +0.18 pp |
| Q2 2016 | 2016-06-30 | 2.40% | +0.18 pp |
| Q1 2016 | 2016-03-31 | 2.04% | +0.01 pp |
| Q4 2015 | 2015-12-31 | 2.31% | −0.04 pp |
| Q3 2015 | 2015-09-30 | 2.22% | −0.01 pp |
| Q2 2015 | 2015-06-30 | 2.23% | −0.11 pp |
| Q1 2015 | 2015-03-31 | 2.04% | +0.23 pp |
| Q4 2014 | 2014-12-31 | 2.35% | +0.24 pp |
| Q3 2014 | 2014-09-30 | 2.22% | +0.30 pp |
| Q2 2014 | 2014-06-30 | 2.33% | +0.03 pp |
| Q1 2014 | 2014-03-31 | 1.80% | −0.14 pp |
| Q4 2013 | 2013-12-31 | 2.11% | −0.18 pp |
| Q3 2013 | 2013-09-30 | 1.92% | −0.32 pp |
| Q2 2013 | 2013-06-30 | 2.30% | −0.08 pp |
| Q1 2013 | 2013-03-31 | 1.95% | −0.22 pp |
| Q4 2012 | 2012-12-31 | 2.29% | −0.47 pp |
| Q3 2012 | 2012-09-30 | 2.24% | +0.18 pp |
| Q2 2012 | 2012-06-30 | 2.38% | +0.76 pp |
| Q1 2012 | 2012-03-31 | 2.17% | — |
| Q4 2011 | 2011-12-31 | 2.76% | — |
| Q3 2011 | 2011-09-30 | 2.06% | — |
| Q2 2011 | 2011-06-30 | 1.62% | — |
Farmers & Merchants Bancorp return on equity trends
Over the last five fiscal years, Farmers & Merchants Bancorp's return on equity increased from 8.38% to 9.44%, a change of +1.05 percentage points. The latest reported quarter, Q2 2026, shows 3.10%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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