Farmers & Merchants Bancorp, Inc. (FMAO)

NASDAQ: FMAO · Real-Time Price · USD
30.47
+0.54 (1.80%)
Jun 26, 2026, 4:00 PM EDT - Market closed
1.80%
Market Cap 414.50M
Revenue (ttm) 123.94M
Net Income (ttm) 35.50M
Shares Out 13.60M
EPS (ttm) 2.62
PE Ratio 11.65
Forward PE 10.63
Dividend $0.92 (3.02%)
Ex-Dividend Date Apr 2, 2026
Volume 475,630
Open 29.76
Previous Close 29.93
Day's Range 29.52 - 30.90
52-Week Range 22.77 - 30.90
Beta 0.83
Analysts Hold
Price Target 29.83 (-2.1%)
Earnings Date Jul 27, 2026

About FMAO

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 ... [Read more]

Sector Financials
Founded 1897
Employees 473
Stock Exchange NASDAQ
Ticker Symbol FMAO
Full Company Profile

Financial Performance

In 2025, FMAO's revenue was $119.38 million, an increase of 17.98% compared to the previous year's $101.19 million. Earnings were $32.90 million, an increase of 29.37%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for FMAO stock is "Hold." The 12-month stock price target is $29.83, which is a decrease of -2.10% from the latest price.

Price Target
$29.83
(-2.10% downside)
Analyst Consensus: Hold
Stock Forecasts

News

F&M Bank Announces Executive Leadership Appointments to Support Continued Growth and Strategic Execution

ARCHBOLD, Ohio, June 25, 2026 (GLOBE NEWSWIRE) -- F&M Bank today announced several executive leadership appointments designed to strengthen operational execution, enhance legal and compliance capabili...

1 day ago - GlobeNewsWire

F&M Bank Launches 2nd Annual “Great Briefcase Hunt” with $10,000 Prize

ARCHBOLD, Ohio, June 12, 2026 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is bringing back one of summer's most antici...

14 days ago - GlobeNewsWire

Farmers & Merchants Bancorp, Inc. Reports 2026 First-Quarter Financial Results

ARCHBOLD, Ohio, April 22, 2026 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2026 first quarter ended March 31, 2026, on a consolidated ...

2 months ago - GlobeNewsWire

Farmers & Merchants Bancorp Earnings release: Q1 2026

Farmers & Merchants Bancorp released its Q1 2026 earnings on April 22, 2026, summarizing the period's financial results.

2 months ago - Filings

Farmers & Merchants Bancorp Quarterly report: Q1 2026

Farmers & Merchants Bancorp has published its Q1 2026 quarterly earnings report on April 22, 2026.

2 months ago - Filings

F&M Bank Announces Appointment of Shalini Singhal to Chief Information and Technology Officer

ARCHBOLD, Ohio, April 21, 2026 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announces the appointment of Shalini Singha...

2 months ago - GlobeNewsWire

Farmers & Merchants Bancorp Transcript: AGM 2026

The meeting highlighted record financial results for 2025, including a 28% rise in net income and continued dividend growth. All board nominees and proposals passed, and a new three-year strategic plan was introduced, focusing on sustainable growth, efficiency, and community engagement.

2 months ago - Transcripts

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

Regular quarterly dividend increased 4.0% year-over-year, to $0.23 per share Regular quarterly dividend increased 4.0% year-over-year, to $0.23 per share

3 months ago - GlobeNewsWire

Farmers & Merchants Bancorp Proxy statement: Proxy filing

Farmers & Merchants Bancorp filed a proxy statement on March 24, 2026, providing details for shareholder voting and corporate governance matters.

3 months ago - Filings

Farmers & Merchants Bancorp, Inc. Reports 2025 Fourth-Quarter and Full-Year Financial Results

ARCHBOLD, Ohio, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2025 fourth quarter and twelve months ended December 31, 202...

4 months ago - GlobeNewsWire

Farmers & Merchants Bancorp Annual report: Q4 2025

Farmers & Merchants Bancorp has published its Q4 2025 annual report on February 12, 2026.

4 months ago - Filings

Farmers & Merchants Bancorp Annual report: Q4 2025

Farmers & Merchants Bancorp has published its Q4 2025 annual report on February 12, 2026.

4 months ago - Filings

Farmers & Merchants Bancorp Earnings release: Q4 2025

Farmers & Merchants Bancorp released its Q4 2025 earnings on February 12, 2026, summarizing the period's financial results.

4 months ago - Filings

Farmers & Merchants Bancorp Slides: Q4 2025

Farmers & Merchants Bancorp has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on February 12, 2026.

4 months ago - Filings

Mike Schnitkey Promoted to Market President for Northwest Ohio at F&M Bank

ARCHBOLD, Ohio, Dec. 17, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is pleased to announce the promotion of Mike...

6 months ago - GlobeNewsWire

Farmers & Merchants Bancorp, Inc. Declares 2025 Fourth-Quarter Cash Dividend

Regular quarterly dividend increased 4.0% year-over-year to $0.23 per share Regular quarterly dividend increased 4.0% year-over-year to $0.23 per share

6 months ago - GlobeNewsWire

F&M Bank Appoints Amy Cover as Chief Marketing & Experience Officer

ARCHBOLD, Ohio, Oct. 31, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is proud to announce the appointment of Amy ...

8 months ago - GlobeNewsWire

Farmers & Merchants Bancorp reports Q3 EPS 64c, consensus 59c

Net interest margin increased 69 basis points year-over-year to 3.40%. Reports tangible book value per share $19.71. Lars B. Eller, CEO, stated, “The continued progress we are making to leverage…

8 months ago - TheFly

Farmers & Merchants Bancorp, Inc. Reports 2025 Third-Quarter and Year-to-Date Financial Results

ARCHBOLD, Ohio, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2025 third quarter and year-to-date ended September 30, 2025...

8 months ago - GlobeNewsWire

Farmers & Merchants Bancorp Quarterly report: Q3 2025

Farmers & Merchants Bancorp has published its Q3 2025 quarterly earnings report on October 27, 2025.

8 months ago - Filings

Farmers & Merchants Bancorp Earnings release: Q3 2025

Farmers & Merchants Bancorp released its Q3 2025 earnings on October 27, 2025, summarizing the period's financial results.

8 months ago - Filings

F&M Bank Welcomes Mike Benson as Senior Vice President, Senior Small Business Banking Manager

ARCHBOLD, Ohio, Oct. 20, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is pleased to announce the addition of Mike ...

8 months ago - GlobeNewsWire

Farmers & Merchants Bancorp, Inc. Announces 31st Consecutive Annual Increase in Dividend

Regular quarterly dividend increased 2.82% year-over-year, to $0.2275 per share Regular quarterly dividend increased 2.82% year-over-year, to $0.2275 per share

9 months ago - GlobeNewsWire

F&M's Annual Ohio and Indiana Golf Classics Raise $48,500 for Local Charities

ARCHBOLD, Ohio, Sept. 30, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), recently celebrated the success of its 8th ...

9 months ago - GlobeNewsWire

Farmers & Merchants Bancorp Transcript: Small-Cap Virtual Conference

Strong asset and deposit growth has been driven by a balanced mix of organic expansion and acquisitions, with a focus on commercial and agricultural lending. Asset quality remains top-tier, and ongoing digital innovation and efficiency improvements support profitability. Key markets for future growth include southern Michigan, eastern Indiana, and western Ohio.

10 months ago - Transcripts