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Farmers & Merchants Bancorp, Inc. (FMAO)

36.42 -0.69 (-1.86%)
At close: October 30 at 4:00:01 PM EDT
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  • Previous Close 37.11
  • Open 37.00
  • Bid 26.34 x 200
  • Ask 47.75 x 200
  • Day's Range 36.41 - 37.19
  • 52 Week Range 22.91 - 37.60
  • Volume 48,873
  • Avg. Volume 58,151
  • Market Cap (intraday) 501.172M
  • Beta (5Y Monthly) 0.81
  • PE Ratio (TTM) 11.71
  • EPS (TTM) 3.11
  • Earnings Date (est.) Oct 26, 2026
  • Forward Dividend & Yield 0.96 (2.63%)
  • 1y Target Est 38.33
  • Zacks Rating Bullish

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.

www.fm.bank

486

Full Time Employees

December 31

Fiscal Year Ends

Banks - Regional

Industry

Recent News

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Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

FMAO
50.87%
S&P 500 (^GSPC)
10.73%

1-Year Return

FMAO
58.96%
S&P 500 (^GSPC)
11.11%

3-Year Return

FMAO
137.87%
S&P 500 (^GSPC)
81.91%

5-Year Return

FMAO
69.41%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 29.94M
Earnings 11.54M
Profit Margin 38.54%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
10M
20M
36.0%
38.0%
40.0%

Analyst Insights

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Analyst Price Targets

38.00
38.33 Average
36.42 Current
39.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/26/2026
Analyst Piper Sandler
Rating Action Maintains
Rating Neutral
Price Action Raises
Price Target 36 -> 39

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    32.24%

  • Return on Assets (ttm)

    1.22%

  • Return on Equity (ttm)

    11.41%

  • Revenue (ttm)

    132.45M

  • Net Income Avi to Common (ttm)

    42.18M

  • Diluted EPS (ttm)

    3.11

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    206.33M

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    --

Company Insights

Research Reports

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