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Farmers & Merchants Bancorp, Inc.

$35.47 +$11.14 (+45.79%)
NASDAQ · 11 Sep 2026 20:00 UTC
Previous Close
$35.41
Day Range
$35.03$35.8
Year Range
$22.77$35.94
Market Cap
488.36M
AVG Volume
84.35K
Trailing/Forward PE
12.19/10.85
PEG ratio
4
Dividend Yield
2.59%
Next Earnings Date
2026-10-26
Primary Exchange
NASDAQUS
Revenue (USD)
050M100M150M200M2016201720182019202020212022202320242025
FMAO Revenue (USD) by year
PeriodRevenue (USD)
2025187.97M
2024176.96M
2023153.31M
2022114.73M
202192.17M
202085.26M
201978.33M
201855.91M
201751.1M
201649.01M
Net Income (USD)
010M20M30M40M2016201720182019202020212022202320242025
FMAO Net Income (USD) by year
PeriodNet Income (USD)
202533.31M
202425.94M
202322.79M
202232.52M
202123.5M
202020.09M
201918.4M
201814.95M
201712.72M
201611.66M
Operating Income (USD)
020M40M60M2016201720182019202020212022202320242025
FMAO Operating Income (USD) by year
PeriodOperating Income (USD)
202542.52M
202432.57M
202328.35M
202240.48M
202129.5M
202025.49M
201922.63M
201818.18M
201717.9M
201616.32M
EBITDA (USD)
020M40M60M2016201720182019202020212022202320242025
FMAO EBITDA (USD) by year
PeriodEBITDA (USD)
202549.51M
202438.95M
202334.13M
202244.49M
202134.49M
202029.79M
201926.16M
201820.42M
201720.11M
201618.53M
Cash Flows (USD)
010M20M30M40M2016201720182019202020212022202320242025
FMAO Cash Flows (USD) by year
PeriodCash Flows (USD)
202535.6M
202430.6M
202311.22M
202238.07M
202132.78M
202024.16M
201920.42M
20189.44M
201717.35M
201610.02M
EPS (USD)
01232016201720182019202020212022202320242025
FMAO EPS (USD) by year
PeriodEPS (USD)
20252.42
20241.9
20231.68
20222.46
20212.01
20201.8
20191.66
20181.61
20171.38
20161.28
Expenses (USD)
020M40M60MSG&ACapex2016201720182019202020212022202320242025
FMAO Expenses (USD) by year
PeriodExpenses (USD)
202542.09M
202450.26M
202358.61M
202244.33M
202140.16M
202035.09M
201933.53M
201825.44M
201723.83M
201623.87M
Cash & Debt (USD)
0200M400M600M800MCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
FMAO Cash & Debt (USD) by year
PeriodCash & Debt (USD)
2025309.46M
2024603.89M
2023502.13M
2022478.32M
2021576.33M
2020410.74M
2019276.74M
2018209.96M
2017233.9M
2016247.79M
Debt ratios
-6-4-2020182019202020212022202320242025
FMAO Debt ratios by year
PeriodDebt ratios
2025-0.06
2024-1.95
2023-1.21
2022-1.87
2021-4.05
2020-3.76
2019-2.39
2018-2.36
Margins
0%25%50%75%100%2016201720182019202020212022202320242025
FMAO Margins by year
PeriodMargins
202562.05%
202455.97%
202360.76%
202283.47%
202188.3%
202079.62%
201979.71%
201887.67%
201789.53%
201689.1%
Return on Capital
0%5%10%15%2016201720182019202020212022202320242025
FMAO Return on Capital by year
PeriodReturn on Capital
20258.98%
20247.74%
20237.2%
202210.91%
20217.91%
20208.07%
20197.99%
201810.43%
20179.48%
20169.29%
Shares Outstanding
05M10M15M2016201720182019202020212022202320242025
FMAO Shares Outstanding by year
PeriodShares Outstanding
202513.75M
202413.7M
202313.67M
202213.61M
202112.94M
202011.18M
201910.98M
20189.39M
20179.29M
20169.26M
Dividends (USD)
00.250.50.7512017201820192020202120222023202420252026
FMAO Dividends (USD) by year
PeriodDividends (USD)
20260.46
20250.9
20240.88
20230.85
20220.81
20210.71
20200.66
20190.61
20180.56
20170.5
Employee Count
02004006002016201720182019202020212022202320242025
FMAO Employee Count by year
PeriodEmployee Count
2025474
2024473
2023456
2022431
2021385
2020367
2019357
2018288
2017275
2016273
Book Value Per Share (USD)
01020302016201720182019202020212022202320242025
FMAO Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
202526.97
202424.47
202323.16
202221.91
202122.97
202022.29
201920.96
201815.26
201714.44
201613.56
Total Assets (USD)
01B2B3B4B2016201720182019202020212022202320242025
FMAO Total Assets (USD) by year
PeriodTotal Assets (USD)
20253.43B
20243.36B
20233.28B
20223.02B
20212.64B
20201.91B
20191.61B
20181.12B
20171.11B
20161.06B
PE Ratio
1012.51517.520med 11.77Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMAO PE Ratio by year
PeriodPE Ratio
Sep 2612.19
Sep 2612.12
Aug 2611.77
Aug 2611.7
Aug 2612.06
Aug 2612
Jul 2611.46
Jul 2611.84
Jul 2611.7
Jul 2611.41
Jul 2611.73
Jun 2611.66
Jun 2611.03
Jun 2611.02
Jun 2610.75
May 2610.69
May 2610.54
May 2610.12
May 2610.66
May 2610.43
Apr 2611
Apr 2611.3
Apr 2611.24
Apr 2610.68
Mar 2610.38
Mar 2610.32
Mar 2610.11
Mar 2610.46
Feb 2610.67
Feb 2611.81
Feb 2612.55
Feb 2612.01
Jan 2611.39
Jan 2610.89
Jan 2610.74
Jan 2610.69
Jan 2610.33
Dec 2511.08
Dec 2511.68
Dec 2511.7
Dec 2510.53
Nov 2510.4
Nov 2510.61
Nov 2510.5
Nov 2510.39
Oct 2510.15
Oct 2511.26
Oct 2510.85
Oct 2510.69
Oct 2511.59
Sep 2512.04
Sep 2511.95
Sep 2511.92
Sep 2511.99
Aug 2512.12
Aug 2512.25
Aug 2511.23
Aug 2511.07
Aug 2511.7
Jul 2512.68
Jul 2512.76
Jul 2512.68
Jul 2513.87
Jun 2512.45
Jun 2511.77
Jun 2511.72
Jun 2511.39
May 2511.71
May 2511.6
May 2512.6
May 2512.32
May 2513.55
Apr 2512.29
Apr 2512.01
Apr 2511.44
Apr 2511.88
Mar 2512.76
Mar 2512.81
Mar 2512.49
Mar 2512.95
Feb 2513.57
Feb 2514.93
Feb 2515.54
Feb 2515.99
Jan 2516.1
Jan 2515.68
Jan 2515.82
Jan 2514.91
Jan 2516.68
Dec 2416.92
Dec 2417.73
Dec 2418.94
Dec 2419.32
Nov 2419.86
Nov 2419.55
Nov 2419.12
Nov 2419.01
Nov 2417.65
Oct 2416.93
Oct 2418.02
Free Cash Flow Yield
4%6%8%10%12%14%med 8.94%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMAO Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 268.83%
Sep 268.88%
Aug 269.14%
Aug 269.19%
Aug 268.92%
Aug 268.96%
Jul 269.38%
Jul 267.51%
Jul 267.6%
Jul 267.8%
Jul 267.58%
Jun 267.63%
Jun 268.06%
Jun 268.07%
Jun 268.28%
May 268.32%
May 268.44%
May 268.79%
May 268.35%
May 268.53%
Apr 269.72%
Apr 269.46%
Apr 269.51%
Apr 2610%
Mar 2610.3%
Mar 2610.35%
Mar 2610.57%
Mar 2610.22%
Feb 2610.01%
Feb 266.27%
Feb 265.9%
Feb 266.16%
Jan 266.5%
Jan 266.8%
Jan 266.89%
Jan 266.93%
Jan 267.17%
Dec 256.68%
Dec 256.34%
Dec 256.33%
Dec 257.03%
Nov 257.12%
Nov 256.98%
Nov 257.05%
Nov 257.13%
Oct 257.3%
Oct 259.38%
Oct 259.73%
Oct 259.87%
Oct 259.11%
Sep 258.76%
Sep 258.83%
Sep 258.86%
Sep 258.8%
Aug 258.71%
Aug 258.61%
Aug 259.4%
Aug 259.53%
Aug 2512.4%
Jul 2511.45%
Jul 2511.38%
Jul 2511.45%
Jul 2510.47%
Jun 2511.65%
Jun 2512.34%
Jun 2512.39%
Jun 2512.74%
May 2512.39%
May 2512.51%
May 2511.52%
May 2511.79%
May 258.71%
Apr 259.6%
Apr 259.82%
Apr 2510.32%
Apr 259.93%
Mar 259.25%
Mar 259.21%
Mar 259.45%
Mar 259.11%
Feb 258.69%
Feb 2510.84%
Feb 2510.41%
Feb 2510.12%
Jan 2510.05%
Jan 2510.32%
Jan 2510.23%
Jan 2510.85%
Jan 259.7%
Dec 249.56%
Dec 249.13%
Dec 248.54%
Dec 248.38%
Nov 248.15%
Nov 248.28%
Nov 248.46%
Nov 248.51%
Nov 245.46%
Oct 245.69%
Oct 245.35%
Price to Sales
1.51.7522.252.52.75med 1.96Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMAO Price to Sales by year
PeriodPrice to Sales
Sep 262.5
Sep 262.49
Aug 262.42
Aug 262.4
Aug 262.48
Aug 262.46
Jul 262.35
Jul 262.22
Jul 262.2
Jul 262.14
Jul 262.2
Jun 262.19
Jun 262.07
Jun 262.07
Jun 262.02
May 262.01
May 261.98
May 261.9
May 262
May 261.96
Apr 261.95
Apr 262
Apr 261.99
Apr 261.89
Mar 261.84
Mar 261.83
Mar 261.79
Mar 261.85
Feb 261.89
Feb 262.04
Feb 262.17
Feb 262.07
Jan 261.97
Jan 261.88
Jan 261.86
Jan 261.85
Jan 261.78
Dec 251.91
Dec 252.02
Dec 252.02
Dec 251.82
Nov 251.8
Nov 251.83
Nov 251.81
Nov 251.79
Oct 251.75
Oct 251.83
Oct 251.76
Oct 251.74
Oct 251.88
Sep 251.96
Sep 251.94
Sep 251.94
Sep 251.95
Aug 251.97
Aug 251.99
Aug 251.82
Aug 251.8
Aug 251.79
Jul 251.94
Jul 251.96
Jul 251.94
Jul 252.13
Jun 251.91
Jun 251.8
Jun 251.8
Jun 251.75
May 251.8
May 251.78
May 251.93
May 251.89
May 251.99
Apr 251.8
Apr 251.76
Apr 251.68
Apr 251.74
Mar 251.87
Mar 251.88
Mar 251.83
Mar 251.9
Feb 251.99
Feb 251.99
Feb 252.07
Feb 252.13
Jan 252.15
Jan 252.09
Jan 252.11
Jan 251.99
Jan 252.23
Dec 242.26
Dec 242.37
Dec 242.53
Dec 242.58
Nov 242.65
Nov 242.61
Nov 242.55
Nov 242.54
Nov 242.26
Oct 242.17
Oct 242.3
EV/EBITDA
02.557.510med 6.47Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMAO EV/EBITDA by year
PeriodEV/EBITDA
Sep 269.69
Sep 269.64
Aug 269.4
Aug 269.35
Aug 269.61
Aug 269.56
Jul 269.18
Jul 266.32
Jul 266.22
Jul 266.03
Jul 266.25
Jun 266.19
Jun 265.77
Jun 265.76
Jun 265.58
May 265.54
May 265.44
May 265.16
May 265.52
May 265.36
Apr 267.21
Apr 267.41
Apr 267.37
Apr 267
Mar 266.79
Mar 266.75
Mar 266.61
Mar 266.84
Feb 266.99
Feb 267.43
Feb 267.94
Feb 267.57
Jan 267.15
Jan 266.81
Jan 266.7
Jan 266.67
Jan 266.42
Dec 256.93
Dec 257.34
Dec 257.36
Dec 256.56
Nov 256.47
Nov 256.61
Nov 256.54
Nov 256.47
Oct 256.3
Oct 257.62
Oct 257.34
Oct 257.23
Oct 257.84
Sep 258.15
Sep 258.09
Sep 258.06
Sep 258.12
Aug 258.2
Aug 258.3
Aug 257.6
Aug 257.49
Aug 256.46
Jul 257.12
Jul 257.17
Jul 257.12
Jul 257.92
Jun 256.97
Jun 256.5
Jun 256.47
Jun 256.25
May 256.47
May 256.39
May 257.07
May 256.87
May 251.43
Apr 250.59
Apr 250.4
Apr 250.02
Apr 250.32
Mar 250.9
Mar 250.94
Mar 250.72
Mar 251.03
Feb 251.45
Feb 250.5
Feb 250.91
Feb 251.2
Jan 251.27
Jan 251
Jan 251.09
Jan 250.5
Jan 251.65
Dec 241.81
Dec 242.34
Dec 243.13
Dec 243.38
Nov 243.73
Nov 243.53
Nov 243.25
Nov 243.18
Nov 244.41
Oct 243.95
Oct 244.65
Price/Operating Cashflow
6810121416med 10.64Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMAO Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 2611.16
Sep 2611.1
Aug 2610.78
Aug 2610.71
Aug 2611.05
Aug 2610.99
Jul 2610.5
Jul 2612.51
Jul 2612.36
Jul 2612.06
Jul 2612.4
Jun 2612.32
Jun 2611.66
Jun 2611.64
Jun 2611.36
May 2611.29
May 2611.14
May 2610.69
May 2611.26
May 2611.02
Apr 269.8
Apr 2610.07
Apr 2610.02
Apr 269.52
Mar 269.25
Mar 269.2
Mar 269.02
Mar 269.32
Feb 269.52
Feb 2614.53
Feb 2615.45
Feb 2614.78
Jan 2614.02
Jan 2613.4
Jan 2613.22
Jan 2613.15
Jan 2612.71
Dec 2513.63
Dec 2514.37
Dec 2514.4
Dec 2512.96
Nov 2512.8
Nov 2513.05
Nov 2512.92
Nov 2512.78
Oct 2512.49
Oct 259.97
Oct 259.6
Oct 259.47
Oct 2510.26
Sep 2510.66
Sep 2510.58
Sep 2510.55
Sep 2510.62
Aug 2510.73
Aug 2510.85
Aug 259.94
Aug 259.8
Aug 257.67
Jul 258.31
Jul 258.36
Jul 258.31
Jul 259.09
Jun 258.16
Jun 257.71
Jun 257.68
Jun 257.47
May 257.68
May 257.6
May 258.26
May 258.07
May 2510.83
Apr 259.81
Apr 259.59
Apr 259.13
Apr 259.49
Mar 2510.19
Mar 2510.23
Mar 259.98
Mar 2510.34
Feb 2510.84
Feb 258.52
Feb 258.88
Feb 259.13
Jan 259.19
Jan 258.95
Jan 259.04
Jan 258.52
Jan 259.53
Dec 249.66
Dec 2410.13
Dec 2410.82
Dec 2411.03
Nov 2411.34
Nov 2411.16
Nov 2410.92
Nov 2410.86
Nov 2414.18
Oct 2413.61
Oct 2414.48
Price to Book
0.811.21.4med 1.01Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FMAO Price to Book by year
PeriodPrice to Book
Sep 261.27
Sep 261.26
Aug 261.22
Aug 261.22
Aug 261.25
Aug 261.25
Jul 261.19
Jul 261.13
Jul 261.12
Jul 261.09
Jul 261.12
Jun 261.11
Jun 261.05
Jun 261.05
Jun 261.03
May 261.02
May 261.01
May 260.97
May 261.02
May 261
Apr 260.99
Apr 261.01
Apr 261.01
Apr 260.96
Mar 260.93
Mar 260.93
Mar 260.91
Mar 260.94
Feb 260.96
Feb 261.04
Feb 261.11
Feb 261.06
Jan 261
Jan 260.96
Jan 260.95
Jan 260.94
Jan 260.91
Dec 250.98
Dec 251.03
Dec 251.03
Dec 250.93
Nov 250.92
Nov 250.94
Nov 250.93
Nov 250.92
Oct 250.89
Oct 250.95
Oct 250.91
Oct 250.9
Oct 250.98
Sep 251.01
Sep 251.01
Sep 251
Sep 251.01
Aug 251.02
Aug 251.03
Aug 250.95
Aug 250.93
Aug 250.93
Jul 251.01
Jul 251.02
Jul 251.01
Jul 251.11
Jun 251
Jun 250.94
Jun 250.94
Jun 250.91
May 250.94
May 250.93
May 251.01
May 250.98
May 251.05
Apr 250.95
Apr 250.93
Apr 250.88
Apr 250.92
Mar 250.99
Mar 250.99
Mar 250.97
Mar 251
Feb 251.05
Feb 251.03
Feb 251.07
Feb 251.1
Jan 251.11
Jan 251.08
Jan 251.09
Jan 251.03
Jan 251.15
Dec 241.17
Dec 241.22
Dec 241.3
Dec 241.33
Nov 241.37
Nov 241.35
Nov 241.32
Nov 241.31
Nov 241.17
Oct 241.12
Oct 241.19
Farmers & Merchants Bancorp, Inc.
FMAO
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BlackRock Inc. Purchases Shares of 1,087,009 Farmers & Merchants Bancorp Inc. $FMAO

defenseworld.net · 2 Sep 2026

BlackRock Inc. Purchases Shares of 1,087,009 Farmers & Merchants Bancorp Inc. $FMAO

BlackRock Inc. purchased a new position in shares of Farmers and Merchants Bancorp Inc. (NASDAQ: FMAO) during the undefined quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,087,009 shares of the financial services provider's stock, valued at approximately $33,241,000. BlackRock Inc. owned approximately 7.89% of Farmers

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F&M Bank Welcomes Gregory R. Allen to Board of Directors

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F&M Bank Welcomes Gregory R. Allen to Board of Directors

ARCHBOLD, Ohio, Aug. 25, 2026 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), today announced a planned transition on its Board of Directors as Andrew J. Briggs concludes seven years of dedicated service and Gregory R.

F&M Bank's 9th Annual Charity Golf Classic Raises $47,000 for Local Charities

globenewswire.com · 20 Aug 2026

F&M Bank's 9th Annual Charity Golf Classic Raises $47,000 for Local Charities

ARCHBOLD, Ohio, Aug. 20, 2026 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), recently hosted its 9th Annual Charity Golf Classic on Friday, August 14, at Eagle Rock Golf Club in Defiance, Ohio. The event raised $47,000, with proceeds divided equally among four local organizations serving communities across F&M's footprint.

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Farmers & Merchants Bancorp, Inc. Reports 2026 Second-Quarter and Year-to-Date Financial Results

globenewswire.com · 27 Jul 2026

Farmers & Merchants Bancorp, Inc. Reports 2026 Second-Quarter and Year-to-Date Financial Results

ARCHBOLD, Ohio, July 27, 2026 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2026 second quarter and year-to-date ended June 30, 2026, on a consolidated basis.

Farmers & Merchants Bancorp, Inc. Declares 2026 Second-Quarter Cash Dividend

globenewswire.com · 30 Jun 2026

Farmers & Merchants Bancorp, Inc. Declares 2026 Second-Quarter Cash Dividend

ARCHBOLD, Ohio, June 30, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO), the holding company of F&M Bank, with total assets of $3.49 billion at March 31, 2026, today announced that it has approved the Company's quarterly cash dividend of $0.23 per share, a 4.0% year-over-year increase, reflecting the Bank's continued strong momentum, solid financial performance, and commitment to creating long-term value to shareholders. The second-quarter dividend is payable on July 20, 2026, to shareholders of record as of July 10, 2026.

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