Farmers & Merchants Bancshares, Inc. (FMFG) Operating Expenses (2016 - 2026)
Farmers & Merchants Bancshares (FMFG) posted Operating Expenses of $4.79 million for Q2 2026, up 1.3% from $4.73 million a year earlier and up 1.1% from the prior quarter.
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Analysis
Farmers & Merchants Bancshares, Inc. (FMFG) Operating Expenses (2016 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Farmers & Merchants Bancshares was $18.6 million, up 3.8% year-over-year; for FY2025, it came in at $18.3 million, up 8.1% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- In prior years, Farmers & Merchants Bancshares' Operating Expenses was $16.93 million in FY2024 (+11.8%), $15.14 million in FY2023 (-1.5%), $15.37 million in FY2022 (+8.8%) and $14.13 million in FY2021 (-9.3%).
- The Q2 2026 figure stands as the highest quarterly Operating Expenses since Q4 2020.
- On a year-over-year basis, Operating Expenses has increased in each of the last ten quarters, with growth averaging 8.2% over the last eight quarters.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q4 2024, with growth of 16.9%; the weakest was Q4 2021, with a decline of 33.4%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $4.74 million (Q1 2026), $4.66 million (Q4 2025) and $4.41 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.79 Mn |
| Mar 31, 2026 | 4.74 Mn |
| Dec 31, 2025 | 4.66 Mn |
| Sep 30, 2025 | 4.41 Mn |
| Jun 30, 2025 | 4.73 Mn |
| Mar 31, 2025 | 4.50 Mn |
| Dec 31, 2024 | 4.62 Mn |
| Sep 30, 2024 | 4.07 Mn |
| Jun 30, 2024 | 4.12 Mn |
| Mar 31, 2024 | 4.11 Mn |
| Dec 31, 2023 | 3.95 Mn |
| Sep 30, 2023 | 3.75 Mn |
| Jun 30, 2023 | 3.69 Mn |
| Mar 31, 2023 | 3.76 Mn |
| Dec 31, 2022 | 4.21 Mn |
| Sep 30, 2022 | 3.78 Mn |
| Jun 30, 2022 | 3.57 Mn |
| Mar 31, 2022 | 3.80 Mn |
| Dec 31, 2021 | 3.76 Mn |
| Sep 30, 2021 | 3.47 Mn |
API Access
Farmers & Merchants Bancshares, Inc. Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=FMFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "FMFG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=FMFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();