
Farmers & Merchants Bancorp, Inc.
FMAONASDAQFinancial ServicesBanks - Regional
Previous close
$34.05
+$0.31 · +0.92%
Pre-market
$34.21
+$0.16 · +0.47%
Aug 24, 6:53 AM ET
FMAO company overview
Regular session · ET · Market data may be delayed.
GoAI snapshot
AI-powered factor overview
GoAI score
Buy
Favorable setup — positive multi-factor alignment
Valuation
80
Undervalued
Momentum
55
Neutral
Sentiment
55
Mixed
Risk resilience
73
Moderate Risk
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Company profile
Company websiteFarmers & Merchants Bancorp, Inc. functions as the holding company for The Farmers & Merchants State Bank, offering a broad spectrum of commercial banking solutions. The bank serves individual customers and small businesses throughout northwest Ohio and northeast Indiana. Its offerings include various deposit accounts such as checking, savings, and time deposits, along with custodial services for Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs). The company's lending products are extensive, covering commercial, agricultural, and residential mortgages. Specifically, it provides financing for agricultural land, farm equipment, livestock, and operational expenses like seeds and fertilizers. Consumer loans are available for home improvements, vehicles (automobiles, trucks, recreational vehicles, and motorcycles), and credit cards. Additionally, it offers commercial real estate loans, including lines of credit and machinery purchase financing. For customer convenience, Farmers & Merchants Bancorp, Inc. provides Automated Teller Machine (ATM) and Interactive Teller Machine (ITM) access. It also supports digital banking through online and mobile platforms, remote deposit capture, and merchant credit card processing. Electronic transaction services, such as wire transfers and Automated Clearing House (ACH) file transmissions, are also available. The company was founded in 1897 and is headquartered in Archbold, Ohio.
- Industry
- Banks - Regional
- Sector
- Financial Services
- Headquarters
- US
- CEO
- Lars Eller
- Listed since
- Jan 30, 2006
- Employees
- 477
Market position
Day range
Current $34.05
52-week range
Current $34.05
- Open
- $33.69
- Previous close
- $33.74
- Volume
- 107.74K
- 1.18× average
- Average volume
- 91.39K
- Average daily volume
- Market cap
- 468.81M USD
- Beta
- 0.8
- Market reference 1
- 50-day average
- $31.684
- +7.47% above average
- 200-day average
- $27.592
- +23.41% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 539.14M USD
- P/E (TTM)
- 11.7×
- P/B (TTM)
- 1.22×
- P/S (TTM)
- 2.4×
- EV / EBITDA
- 10.89×
- Earnings yield
- 9.86%
- Free cash flow yield
- 10.25%
- Dividend yield
- 2.69%
Profitability & efficiency
- Gross margin
- 64.89%
- Operating margin
- 26.25%
- Net margin
- 20.53%
- Return on equity
- 8.98%
- Return on assets
- 0.97%
- Return on invested capital
- 4.75%
Financial health
- Debt / equity
- 0.57×
- Current ratio
- 0.11×
- Altman Z-score
- 0.36
- Piotroski F-score
- 8 of 9
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 189.09M USD | 176.56M USD | 152.05M USD | 113.66M USD | 92.17M USD |
| Cost of goods sold | 71.34M USD | 77.93M USD | 60.16M USD | 18.96M USD | 10.79M USD |
| Gross profit | 117.75M USD | 98.63M USD | 91.89M USD | 94.7M USD | 81.38M USD |
| Selling, general, and administrative | 10.07M USD | 48.38M USD | 45.4M USD | 38.04M USD | 38.19M USD |
| Operating expenses | 75.23M USD | 66.06M USD | 63.54M USD | 54.22M USD | 51.89M USD |
| Interest income | 173.54M USD | 162.21M USD | 138.93M USD | 100.83M USD | 76.67M USD |
| Interest expense | 69.25M USD | 77.66M USD | 58.41M USD | 14.36M USD | 7.34M USD |
| Depreciation and amortization | 6.99M USD | 6.37M USD | 5.77M USD | 4.02M USD | 4.99M USD |
| Operating income | 42.53M USD | 32.57M USD | 28.35M USD | 40.48M USD | 29.5M USD |
| Net income | 33.31M USD | 25.94M USD | 22.79M USD | 32.52M USD | 23.5M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 100%
- 11 beats, 0 misses, 0 met estimates
- Average EPS surprise
- +16.29%
- 11 comparable reports
- Latest EPS result
- 0.86
- Estimate 0.67 · Beat by 27.79%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
FMAO peers
ETFs holding FMAO
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI13.9M0.00%2.3T USD0.03%$378.24+0.44%
iShares Russell 2000 ETFIWM12.86M0.02%81.62B USD0.19%$299.96+0.77%
Avantis U.S. Small Cap Value ETFAVUV7.68M0.02%31.27B USD0.25%$126.45+0.66%
Vanguard Extended Market ETFVXF4.97M0.01%93.7B USD0.05%$245.53+0.82%
iShares Russell 2000 Value ETFIWN4.74M0.03%14.66B USD0.24%$224.81+0.45%
Vanguard Russell 2000 ETFVTWO2.54M0.01%17.4B USD0.06%$121.25+0.74%
iShares Micro-Cap ETFIWC1.6M0.11%1.53B USD0.60%$198.39+1.10%
EA Bridgeway Omni Small-Cap Value ETFBSVO1.06M0.04%1.71B USD0.47%$29.62+0.85%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 13.9M
- Weight
- 0.00%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
iShares Russell 2000 ETFIWM- Market value
- 12.86M
- Weight
- 0.02%
- AUM
- 81.62B USD
- Expense ratio
- 0.19%
- Price / 1D
- $299.96+0.77%
Avantis U.S. Small Cap Value ETFAVUV- Market value
- 7.68M
- Weight
- 0.02%
- AUM
- 31.27B USD
- Expense ratio
- 0.25%
- Price / 1D
- $126.45+0.66%
Vanguard Extended Market ETFVXF- Market value
- 4.97M
- Weight
- 0.01%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
iShares Russell 2000 Value ETFIWN- Market value
- 4.74M
- Weight
- 0.03%
- AUM
- 14.66B USD
- Expense ratio
- 0.24%
- Price / 1D
- $224.81+0.45%
Vanguard Russell 2000 ETFVTWO- Market value
- 2.54M
- Weight
- 0.01%
- AUM
- 17.4B USD
- Expense ratio
- 0.06%
- Price / 1D
- $121.25+0.74%
iShares Micro-Cap ETFIWC- Market value
- 1.6M
- Weight
- 0.11%
- AUM
- 1.53B USD
- Expense ratio
- 0.60%
- Price / 1D
- $198.39+1.10%
EA Bridgeway Omni Small-Cap Value ETFBSVO- Market value
- 1.06M
- Weight
- 0.04%
- AUM
- 1.71B USD
- Expense ratio
- 0.47%
- Price / 1D
- $29.62+0.85%
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