FMAO
Farmers & Merchants Bancorp, Inc.
Price Chart
Latest Quote
$28.66
-0.18 (-0.62%)
Current Price
| Previous Close | $28.84 |
| Open | $28.72 |
| Day High | $29.16 |
| Day Low | $28.61 |
| Volume | 67,206 |
Stock Information
| Quarterly Dividend / Yield | $0.91 / 3.17% |
| Shares Outstanding | 13.77M |
| Quarterly Dividend Yield | 3.17% |
| Quarterly Dividend | $0.91 |
| Total Debt | $269.66M |
| Cash Equivalents | $174.72M |
| Revenue | $123.94M |
| Net Income | $35.49M |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | $394.60M |
| P/E Ratio | 10.94 |
| EPS (TTM) | $2.62 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $484.81M |
| Sales | $123.94M |
| Income | $35.49M |
| Book/sh | $27.64 |
| Cash/sh | $12.69 |
| Employees | 473 |
Financial Ratios
| EPS Growth TTM | 37.80% |
Returns & Margins
| ROA | 1.04% |
| ROE | 9.97% |
| Operating Margin | 42.19% |
| Profit Margin | 28.99% |
Ownership
| Insider Ownership | 3.77% |
| Institutional Ownership | 33.30% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 9.51 |
| P/S | 3.18 |
| P/B | 1.04 |
Analyst Data
| Recommendation | none |
| Target Price | $28.67 |
Technical Indicators
| SMA20 | $28.16 |
| SMA50 | $27.50 |
| SMA200 | $25.78 |
| RSI | 61.98 |
| ATR | 0.7343 |
| Shares Float | 13.03M |
| Short Float | 1.06% |
| Short Ratio | 1.46 |
| Volatility | 0.83 |
| Rel Volume | 0.96 |
Performance History
| Week | -0.49% |
| Month | +3.99% |
| Quarter | +15.62% |
| 6 Months | +4.19% |
| YTD | +18.85% |
| Year | +23.51% |
| 3 Years | +43.73% |
| 5 Years | +51.64% |
| 10 Years | +166.08% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-22 | $28.66 | 78,500 |
| 2026-06-18 | $28.84 | 156,500 |
| 2026-06-17 | $28.55 | 124,600 |
| 2026-06-16 | $28.87 | 127,800 |
| 2026-06-15 | $28.39 | 79,600 |
| 2026-06-12 | $28.80 | 56,900 |
| 2026-06-11 | $28.36 | 77,100 |
| 2026-06-10 | $28.53 | 79,800 |
| 2026-06-09 | $28.54 | 71,000 |
| 2026-06-08 | $28.14 | 57,600 |
| 2026-06-05 | $28.09 | 125,900 |
| 2026-06-04 | $27.86 | 86,900 |
| 2026-06-03 | $27.14 | 62,900 |
| 2026-06-02 | $28.05 | 75,200 |
| 2026-06-01 | $27.40 | 93,000 |
| 2026-05-29 | $27.93 | 51,600 |
| 2026-05-28 | $27.81 | 43,200 |
| 2026-05-27 | $27.87 | 73,800 |
| 2026-05-26 | $27.78 | 55,500 |
About Farmers & Merchants Bancorp, Inc.
Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio, Northeast Indiana, and Southeast Michigan. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, bill-pay, on-line statement opportunities, and remote deposit capture or electronic deposit processing. Additionally, the company offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.
đ° Latest News
Farmers & Merchants Bancorp Tops 2025 Profit Record, Shareholders Approve Directors and Say-on-Pay
MarketBeat âĸ 2026-04-25T04:02:17Z
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Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $117,624,000 | $98,903,000 | $93,636,000 | $99,296,000 |
| Operating Revenue | $117,624,000 | $98,903,000 | $93,636,000 | $99,296,000 |
| Expenses | ||||
| Interest Expense | $69,252,000 | $77,660,000 | $58,411,000 | $14,362,000 |
| Selling And Marketing Expense | $2,199,000 | $2,144,000 | $2,606,000 | $1,646,000 |
| General And Administrative Expense | $48,573,000 | $46,240,000 | $42,790,000 | $36,389,000 |
| Professional Expense And Contract Services Expense | $3,592,000 | $2,670,000 | $2,262,000 | $2,794,000 |
| Other Non Interest Expense | $5,275,000 | $2,989,000 | $4,634,000 | $5,340,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $33,309,000 | $25,938,000 | $22,787,000 | $32,515,000 |
| Net Interest Income | $103,084,000 | $84,551,000 | $80,515,000 | $86,469,000 |
| Interest Income | $172,336,000 | $162,211,000 | $138,926,000 | $100,831,000 |
| Normalized Income | $33,341,115 | $25,881,462 | $22,895,494 | $32,306,945 |
| Net Income From Continuing And Discontinued Operation | $33,309,000 | $25,938,000 | $22,787,000 | $32,515,000 |
| Net Income Common Stockholders | $32,902,000 | $25,433,000 | $22,539,000 | $32,231,000 |
| Net Income | $33,309,000 | $25,938,000 | $22,787,000 | $32,515,000 |
| Net Income Including Noncontrolling Interests | $33,309,000 | $25,938,000 | $22,787,000 | $32,515,000 |
| Net Income Continuous Operations | $33,309,000 | $25,938,000 | $22,787,000 | $32,515,000 |
| Pretax Income | $42,525,000 | $32,573,000 | $28,354,000 | $40,475,000 |
| Depreciation Amortization Depletion Income Statement | $3,364,000 | $2,598,000 | $2,391,000 | $1,279,000 |
| Depreciation And Amortization In Income Statement | $3,364,000 | $2,598,000 | $2,391,000 | $1,279,000 |
| Amortization Of Intangibles Income Statement | $3,364,000 | $2,598,000 | $2,391,000 | $1,279,000 |
| Per Share | ||||
| Diluted EPS | $2.43 | $1.90 | $1.67 | $2.46 |
| Basic EPS | $2.43 | $1.90 | $1.67 | $2.46 |
| Other | ||||
| Tax Effect Of Unusual Items | $-8,885 | $14,462 | $-26,506 | $50,945 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Total Unusual Items | $-41,000 | $71,000 | $-135,000 | $259,000 |
| Total Unusual Items Excluding Goodwill | $-41,000 | $71,000 | $-135,000 | $259,000 |
| Reconciled Depreciation | $6,988,000 | $6,372,000 | $5,774,000 | $4,018,000 |
| Diluted Average Shares | $13,727,541 | $13,679,955 | $13,641,336 | $13,206,713 |
| Basic Average Shares | $13,727,541 | $13,679,955 | $13,641,336 | $13,206,713 |
| Diluted NI Availto Com Stockholders | $32,902,000 | $25,433,000 | $22,539,000 | $32,231,000 |
| Otherunder Preferred Stock Dividend | $407,000 | $505,000 | $248,000 | $284,000 |
| Tax Provision | $9,216,000 | $6,635,000 | $5,567,000 | $7,960,000 |
| Gain On Sale Of Security | $0 | $0 | $-891,000 | $0 |
| Amortization | $3,364,000 | $2,598,000 | $2,391,000 | $1,279,000 |
| Selling General And Administration | $50,772,000 | $48,384,000 | $45,396,000 | $38,035,000 |
| Other Gand A | $5,937,000 | $5,421,000 | $6,373,000 | $5,881,000 |
| Insurance And Claims | $1,718,000 | $2,108,000 | $1,982,000 | $905,000 |
| Salaries And Wages | $40,918,000 | $38,711,000 | $34,435,000 | $29,603,000 |
| Occupancy And Equipment | $10,006,000 | $9,416,000 | $8,855,000 | $6,773,000 |
Fetched: 2026-06-17
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $279,329,000 | $243,197,000 | $224,537,000 | $208,233,000 |
| Total Assets | $3,434,382,000 | $3,364,723,000 | $3,283,229,000 | $3,015,351,000 |
| Goodwill And Other Intangible Assets | $91,533,000 | $92,014,000 | $92,006,000 | $89,907,000 |
| Other Intangible Assets | $5,175,000 | $5,656,000 | $5,648,000 | $3,549,000 |
| Cash And Cash Equivalents | $98,747,000 | $177,337,000 | $143,657,000 | $87,527,000 |
| Cash Cash Equivalents And Federal Funds Sold | $99,216,000 | $178,833,000 | $144,941,000 | $88,851,000 |
| Debt | ||||
| Net Debt | $163,563,000 | $103,537,000 | $156,795,000 | $84,544,000 |
| Total Debt | $262,310,000 | $280,874,000 | $300,452,000 | $172,071,000 |
| Long Term Debt And Capital Lease Obligation | $262,310,000 | $280,874,000 | $300,452,000 | $172,071,000 |
| Long Term Debt | $262,310,000 | $280,874,000 | $300,452,000 | $172,071,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $3,063,520,000 | $3,029,512,000 | $2,966,686,000 | $2,717,211,000 |
| Payables And Accrued Expenses | $3,125,000 | $2,996,000 | $2,974,000 | $2,832,000 |
| Payables | $3,125,000 | $2,996,000 | $2,974,000 | $2,832,000 |
| Dividends Payable | $3,125,000 | $2,996,000 | $2,974,000 | $2,832,000 |
| Equity | ||||
| Common Stock Equity | $370,862,000 | $335,211,000 | $316,543,000 | $298,140,000 |
| Total Equity Gross Minority Interest | $370,862,000 | $335,211,000 | $316,543,000 | $298,140,000 |
| Stockholders Equity | $370,862,000 | $335,211,000 | $316,543,000 | $298,140,000 |
| Gains Losses Not Affecting Retained Earnings | $-11,888,000 | $-25,223,000 | $-29,012,000 | $-38,233,000 |
| Other Equity Adjustments | $-11,888,000 | $-25,223,000 | $-29,012,000 | $-38,233,000 |
| Retained Earnings | $257,855,000 | $235,854,000 | $221,080,000 | $212,449,000 |
| Other | ||||
| Treasury Shares Number | $816,351 | $864,889 | $899,784 | $956,003 |
| Ordinary Shares Number | $13,748,074 | $13,699,536 | $13,664,641 | $13,608,422 |
| Share Issued | $14,564,425 | $14,564,425 | $14,564,425 | $14,564,425 |
| Tangible Book Value | $279,329,000 | $243,197,000 | $224,537,000 | $208,233,000 |
| Invested Capital | $633,172,000 | $616,085,000 | $616,995,000 | $470,211,000 |
| Total Capitalization | $633,172,000 | $616,085,000 | $616,995,000 | $470,211,000 |
| Treasury Stock | $10,636,000 | $10,985,000 | $11,040,000 | $11,573,000 |
| Capital Stock | $135,531,000 | $135,565,000 | $135,515,000 | $135,497,000 |
| Common Stock | $135,531,000 | $135,565,000 | $135,515,000 | $135,497,000 |
| Investments And Advances | $435,104,000 | $440,956,000 | $375,616,000 | $400,588,000 |
| Available For Sale Securities | $224,393,000 | $14,400,000 | $17,138,000 | $9,799,000 |
| Goodwill | $86,358,000 | $86,358,000 | $86,358,000 | $86,358,000 |
| Net PPE | $31,864,000 | $33,828,000 | $35,798,000 | $28,659,000 |
| Accumulated Depreciation | $-47,864,000 | $-45,659,000 | $-42,304,000 | $-39,464,000 |
| Gross PPE | $79,728,000 | $79,487,000 | $78,102,000 | $68,123,000 |
| Machinery Furniture Equipment | $31,289,000 | $31,378,000 | $30,425,000 | $26,448,000 |
| Buildings And Improvements | $41,636,000 | $41,306,000 | $40,831,000 | $34,501,000 |
| Land And Improvements | $6,803,000 | $6,803,000 | $6,838,000 | $6,896,000 |
| Other Short Term Investments | $210,711,000 | $426,556,000 | $358,478,000 | $390,789,000 |
| Construction In Progress | - | $0 | $8,000 | $278,000 |
| Current Accrued Expenses | - | - | - | $19,238,000 |
Fetched: 2026-06-17
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $34,972,000 | $30,603,000 | $11,217,000 | $38,069,000 |
| Operating Activities | ||||
| Operating Cash Flow | $36,739,000 | $32,474,000 | $22,146,000 | $40,669,000 |
| Cash Flow From Continuing Operating Activities | $36,739,000 | $32,474,000 | $22,146,000 | $40,669,000 |
| Operating Gains Losses | $-1,316,000 | $-989,000 | $287,000 | $-1,612,000 |
| Investing Activities | ||||
| Capital Expenditure | $-1,767,000 | $-1,871,000 | $-10,929,000 | $-2,600,000 |
| Investing Cash Flow | $-138,703,000 | $-44,362,000 | $-194,088,000 | $-389,904,000 |
| Cash Flow From Continuing Investing Activities | $-138,703,000 | $-44,362,000 | $-194,088,000 | $-389,904,000 |
| Net Other Investing Changes | $-6,915,000 | $2,238,000 | $1,884,000 | $1,689,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-362,000 | $-664,000 | $-218,000 | $-308,000 |
| Financing Cash Flow | $23,331,000 | $46,038,000 | $229,734,000 | $252,821,000 |
| Cash Flow From Continuing Financing Activities | $23,331,000 | $46,038,000 | $229,734,000 | $252,821,000 |
| Cash Dividends Paid | $-12,085,000 | $-11,922,000 | $-11,335,000 | $-10,276,000 |
| Common Stock Dividend Paid | $-12,085,000 | $-11,922,000 | $-11,335,000 | $-10,276,000 |
| Net Common Stock Issuance | $-362,000 | $-664,000 | $-218,000 | $-308,000 |
| Other | ||||
| Repayment Of Debt | $-58,692,000 | $-34,678,000 | $-195,664,000 | $-67,394,000 |
| Issuance Of Debt | $40,000,000 | $15,000,000 | $324,000,000 | $140,000,000 |
| Interest Paid Supplemental Data | $69,906,000 | $76,498,000 | $55,119,000 | $13,748,000 |
| Income Tax Paid Supplemental Data | $8,710,000 | $3,100,000 | $5,421,000 | $7,702,000 |
| End Cash Position | $97,718,000 | $176,351,000 | $142,201,000 | $84,409,000 |
| Beginning Cash Position | $176,351,000 | $142,201,000 | $84,409,000 | $180,823,000 |
| Changes In Cash | $-78,633,000 | $34,150,000 | $57,792,000 | $-96,414,000 |
| Common Stock Payments | $-362,000 | $-664,000 | $-218,000 | $-308,000 |
| Net Issuance Payments Of Debt | $-18,692,000 | $-19,678,000 | $128,336,000 | $72,606,000 |
| Net Long Term Debt Issuance | $-18,692,000 | $-19,678,000 | $128,336,000 | $72,606,000 |
| Long Term Debt Payments | $-58,692,000 | $-34,678,000 | $-195,664,000 | $-67,394,000 |
| Long Term Debt Issuance | $40,000,000 | $15,000,000 | $324,000,000 | $140,000,000 |
| Net Investment Purchase And Sale | $18,612,000 | $-66,157,000 | $32,588,000 | $-8,928,000 |
| Sale Of Investment | $71,074,000 | $34,759,000 | $45,984,000 | $31,064,000 |
| Purchase Of Investment | $-52,462,000 | $-100,916,000 | $-13,396,000 | $-39,992,000 |
| Net PPE Purchase And Sale | $-1,767,000 | $-1,871,000 | $-10,929,000 | $-2,600,000 |
| Purchase Of PPE | $-1,767,000 | $-1,871,000 | $-10,929,000 | $-2,600,000 |
| Change In Working Capital | $-2,819,000 | $2,812,000 | $-7,422,000 | $-5,419,000 |
| Change In Other Working Capital | $-2,819,000 | $2,812,000 | $-7,422,000 | $-5,419,000 |
| Other Non Cash Items | $-3,007,000 | $-4,875,000 | $-6,213,000 | $3,287,000 |
| Stock Based Compensation | $1,583,000 | $1,549,000 | $1,461,000 | $1,019,000 |
| Deferred Tax | $-126,000 | $307,000 | $2,228,000 | $171,000 |
| Deferred Income Tax | $-126,000 | $307,000 | $2,228,000 | $171,000 |
| Depreciation Amortization Depletion | $6,988,000 | $6,372,000 | $5,774,000 | $4,018,000 |
| Depreciation And Amortization | $6,988,000 | $6,372,000 | $5,774,000 | $4,018,000 |
| Amortization Cash Flow | $3,364,000 | $2,598,000 | $2,391,000 | $1,279,000 |
| Amortization Of Intangibles | $3,364,000 | $2,598,000 | $2,391,000 | $1,279,000 |
| Depreciation | $3,624,000 | $3,774,000 | $3,383,000 | $2,739,000 |
| Gain Loss On Investment Securities | $0 | $0 | $891,000 | $0 |
| Net Income From Continuing Operations | $33,309,000 | $25,938,000 | $22,787,000 | $32,515,000 |
| Net Business Purchase And Sale | - | $0 | $0 | $9,074,000 |
| Sale Of Business | - | $0 | $0 | $9,074,000 |
| Purchase Of Business | - | - | $0 | $0 |
| Amortization Of Securities | - | - | $1,500,000 | $2,090,000 |
Fetched: 2026-06-17