Farmers & Merchants Bancorp (FMCB) company profile
Close on Oct 19, 2026Market cap $981.93MP/E 10.1Yield 1.34%
About Farmers & Merchants Bancorp
National Commercial Banks, SIC 6021
Farmers & Merchants Bancorp operates as a bank holding company for Farmers & Merchants Bank of Central California. The company delivers commercial and retail banking services to individuals as well as small and medium-sized businesses. Its deposit offerings include checking, savings, money market, time certificates of deposit, and individual retirement accounts. Lending solutions comprise commercial loans, commercial real estate mortgages, construction financing, agricultural credit, equipment leases, residential mortgages, and consumer lines. Additional offerings include merchant card processing, lockbox facilities, and access to third-party investment products.
Headquartered in Lodi, California, the company conducts its business within California's Central Valley and the eastern portion of the San Francisco Bay Area. Its geographic reach covers eight counties, including Sacramento, San Joaquin, Solano, Stanislaus, Merced, Alameda, Contra Costa, and Napa. The bank maintains 30 full-service branch locations, operates three stand-alone automated teller machines, and employs 383 full-time-equivalent staff members.
Summary of the business section of Farmers & Merchants Bancorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Farmers & Merchants Bancorp
- Founded
- 1916
- Headquarters
- Lodi, CA
- Address
- Farmers And Merchants Bancorp, 121 West Pine St 95240-2184
- Phone
- (209) 367-2411
- Website
- fmbonline.com
- Employees
- 373, Dec 31, 2021
- Industry
- National Commercial Banks
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Crowe LLP, Sacramento, California
Stock & identifiers
- Ticker
- FMCB
- Exchange
- OTC
- IPO date
- Aug 20, 1999
- Shares outstanding
- 1M, Jul 31, 2026
- Public float
- $634.21M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1085913
- CUSIP
- 307795104
- ISIN
- US3077951040
- FIGI
- BBG000BQ0N44
- Share class FIGI
- BBG001SCX584
- EIN
- 94-3327828
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Kent A. Steinwert | President/CEO, Director | 30,610 |
| David Zitterow | Executive Vice President | 4,119 |
| Troy Harper | Executive Vice President | 639 |
| Thomas A. Bennett | Executive Vice President | 506 |
| John W. Weubbe | Executive Vice President | 1,985 |
| J. Ryan Misasi | Executive Vice President | 5,261 |
| Bart R. Olson | Executive Vice President | 2,982 |
| Gary J. Long | Director | 1,897 |
| Edward Corum Jr | Director | 1,605 |
| Jehna L. Silva | Director | 19,910 |
| Kevin Sanguinetti | Director | 8,046 |
| Craig W. James | Director | 787 |
| Deborah E. Skinner | Director | 4,079 |
| Steven K. Green | Director | 857 |
| Calvin J. Suess | Director | 3,394 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $12.55M | $13.31M | $2.73M | $160 | $147 |
| FY2024 | $6.17M | $6.17M | $1.79M | $151 | $124 |
| FY2023 | $6.13M | $6.13M | $1.74M | $165 | $130 |
| FY2022 | $6.14M | $6.14M | $1.80M | $170 | $120 |
| FY2021 | $5.08M | $5.08M | $1.64M | $153 | $127 |
| FY2020 | $4.64M | $4.64M | $1.30M | $119 | $96 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Kent A. Steinwert Chairman, President & Chief Executive Officer | $895.00K | $1.40M | $10.12M | $133.83K | $12.55M | +103% |
| Bart R. Olson Executive Vice President Chief Financial Officer | $567.50K | $550.00K | $2.50M | $91.13K | $3.71M | +76% |
| Ryan J. Misasi Executive Vice President Retail Banking Division Manager | $410.00K | $500.00K | $2.50M | $102.96K | $3.51M | +94% |
| David M. Zitterow Executive Vice President Director of Wholesale Banking | $406.25K | $400.00K | $1.10M | $114.61K | $2.02M | +42% |
| John Weubbe Executive Vice President Chief Credit Officer | $380.00K | $400.00K | $799.57K | $83.19K | $1.66M | +50% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2021, we employed 373 full-time equivalent employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jan 25, 2024 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Nov 22, 2023 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Apr 25, 2022 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Aug 26, 2016 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Mar 20, 2013 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Nov 4, 2011 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 28, 2005 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 18, 2005 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
See a number that looks wrong?