Flagship explainer
How FARMERS & MERCHANTS BANCORP earns its spread
Start with net interest income, then follow the filed path to net income.
| Filed line | Value | % of net interest income | Source |
|---|---|---|---|
| $219M | 100% |
| |
| Income before tax | $129M | 59% |
|
| Income tax | $35.2M | 16% |
|
| $93.6M | 43% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001140361-26-009383