Farmers & Merchants Bancorp vs Southern First Bancshares
Farmers & Merchants Bancorp and Southern First Bancshares are similar in size: $121m and $118m of revenue in their latest fiscal years. Southern First Bancshares grew faster (26.5% against 19.6%). Farmers & Merchants Bancorp kept more of each dollar of sales as profit: a net margin of 27.4% against 25.7%.
| Latest fiscal year | Farmers & Merchants BancorpFMAO, 2025 | Southern First BancsharesSFST, 2025 |
|---|---|---|
| Revenue | $121m | $118m |
| Revenue growth | 19.6% | 26.5% |
| Net income | $33.3m | $30.4m |
| Operating margin | — | — |
| Net margin | 27.4% | 25.7% |
| Return on equity | 9.4% | 8.7% |
| Free cash flow | $35.0m | $29.9m |
| Cash | — | $270m |
| Total debt | $0 | $0 |
| Debt to equity | — | — |
| Dividend per share | $0.90 | — |
| Dividend yield | 2.5% | — |
| Share buybacks | $362,000 | — |
| Employees | 474 | 315 |
| Market value | $504m | $576m |
| Price vs our value range | — | — |
| Moat score | 64 (Moderate) | 61 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 3 buys, 23 sales |