FMAO

Farmers & Merchants Bancorp Inc
NASDAQFINANCIAL SERVICESBANKS - REGIONAL

Key Statistics

Market Cap
$486.47M
P/E Ratio
12.22
EPS
$2.89
Beta
0.81
52W High
$35.86
52W Low
$22.18
50-Day MA
$34.85
200-Day MA
$29.41
Dividend Yield
2.61%
Profit Margin
31.00%
Forward P/E
15.92
PEG Ratio
0.00

About Farmers & Merchants Bancorp Inc

Farmers & Merchants Bancorp, Inc. is the banking holding company for The Farmers & Merchants State Bank providing commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company is headquartered in Archbold, Ohio.

Official WebsiteUSAFY End: December

Fundamentals

Revenue (TTM)$129.00M
Gross Profit (TTM)$129.00M
EBITDA—
Operating Margin46.30%
Return on Equity10.90%
Return on Assets1.17%
Revenue/Share (TTM)$9.50
Book Value$28.26
Price-to-Book1.24
Price-to-Sales (TTM)3.77
EV/Revenue5.37
EV/EBITDA—
Quarterly Earnings Growth (YoY)53.00%
Quarterly Revenue Growth (YoY)17.50%
Shares Outstanding$13.77M
Float$13.19M
% Insiders2.76%
% Institutions38.09%

Historical Volatility

HV 10-Day
17.37%
HV 20-Day
16.99%
HV 30-Day
15.16%
HV 60-Day
29.65%
HV Rank
2.0%

Volatility is currently expanding

Analyst Ratings

Consensus ($36.00 target)
3
Hold

Latest News

Dividend Announcements: September 26 - October 2, 2026

I track dividend increases across 1,200+ stocks. This week, I'm highlighting 7 dividend increases and two special dividend declarations. ACN stands out as the highest-quality stock this week, with a 7.21 Quality Score, AA- S&P rating, and 37.97% upside to fair value. Dividend increases signal confidence: ACN raised its payout by 4.91%, below its 13.11% 5-year DGR, while CHCO, DAC, and AFG posted double-digit hikes.

Seeking Alpha10/9/2026Positive
Farmers & Merchants Bancorp: Rising NIM Supports Re-Rating

Farmers & Merchants Bancorp is rated Buy, trading at a 44% discount to its recent valuation peak and a 5% discount to the sector median. FMAO's forward ROE is 3x the sector median, with 14% expected ROE growth and a 20% EPS CAGR, supporting a compelling valuation case. Net interest margin reached 3.48% (+26 bps YoY), with 42% of loans set to reprice in the next year, positioning NIM for further upside.

Seeking Alpha10/7/2026Positive
Farmers & Merchants Bancorp: Shares Still Attractive Despite Recent Gains

Shares of Farmers & Merchants Bancorp have finally woken up, returning around 50% since my previous update last November. Cheaper funding and fixed-asset repricing have contributed to FMCB's recent margin expansion. While the former will fade now that rates are rising again, the latter still has room to run. Credit quality remains excellent, with net charge-offs and non-performing assets at trivial levels relative to total loans.

Seeking Alpha10/2/2026Positive
Farmers & Merchants Bancorp, Inc. Announces 32nd Consecutive Annual Increase in Dividend and a Special Dividend Commemorating America's 250th Anniversary

Regular quarterly dividend increased 5.5% year-over-year, to $0.24 per share Board declares additional $0.01 per share special dividend, bringing total third-quarter payment to $0.25 per share ARCHBOLD, Ohio, Sept. 29, 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 $3.50 billion at June 30, 2026, today announced that it has approved the Company's quarterly cash dividend of $0.24 per share.

GlobeNewsWire9/29/2026Neutral
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.

GlobeNewsWire8/25/2026Neutral
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.

GlobeNewsWire8/20/2026Neutral

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Data last updated: 10/17/2026