FMAO Stock - Farmers & Merchants Bancorp, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $176.56M | $152.05M | $113.66M | $92.17M | $85.26M |
| Gross Profit | $98.63M | $91.89M | $94.70M | $81.38M | $67.89M |
| Gross Margin | 55.9% | 60.4% | 83.3% | 88.3% | 79.6% |
| Operating Income | $32.57M | $28.35M | $40.48M | $29.50M | $25.21M |
| Net Income | $25.94M | $22.79M | $32.52M | $23.50M | $20.09M |
| Net Margin | 14.7% | 15.0% | 28.6% | 25.5% | 23.6% |
| EPS | $1.90 | $1.67 | $2.46 | $2.01 | $1.80 |
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 and northeast Indiana. 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 and credit card 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, remote deposit capture or electronic deposit processing, and merchant credit card services. It also 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| June 12th 2024 | Piper Sandler | Resumed | Neutral | $24 |
| April 5th 2024 | Hovde Group | Initiation | Market Perform | $22 |
| July 28th 2023 | Piper Sandler | Downgrade | Underweight | $23.5← $24 |
| December 21st 2022 | Janney | Initiation | Neutral | $30 |
| October 21st 2022 | Piper Sandler | Upgrade | Neutral | $27 |
| April 22nd 2022 | Piper Sandler | Downgrade | Underweight | $41← $36.5 |
Earnings History & Surprises
FMAOEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 11, 2026 | $0.67 | — | — | — |
Q4 2025 | Oct 27, 2025 | $0.59 | $0.64 | +8.5% | ✓ BEAT |
Q3 2025 | Jul 28, 2025 | $0.51 | $0.56 | +9.8% | ✓ BEAT |
Q2 2025 | Apr 28, 2025 | $0.42 | $0.51 | +21.4% | ✓ BEAT |
Q1 2025 | Feb 12, 2025 | $0.48 | $0.61 | +27.1% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.41 | $0.48 | +17.1% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.36 | $0.42 | +16.7% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $0.35 | $0.39 | +11.4% | ✓ BEAT |
Q1 2024 | Feb 13, 2024 | $0.32 | $0.41 | +28.1% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $0.37 | $0.35 | -5.4% | ✗ MISS |
Q3 2023 | Jul 26, 2023 | $0.45 | $0.44 | -2.2% | ✗ MISS |
Q2 2023 | Apr 19, 2023 | $0.54 | $0.47 | -13.0% | ✗ MISS |
Q1 2023 | Feb 8, 2023 | $0.67 | $0.53 | -20.9% | ✗ MISS |
Q4 2022 | Oct 19, 2022 | $0.73 | $0.68 | -6.8% | ✗ MISS |
Q3 2022 | Jul 21, 2022 | $0.62 | $0.63 | +1.6% | ✓ BEAT |
Q2 2022 | Apr 20, 2022 | $0.56 | $0.62 | +10.7% | ✓ BEAT |
Q1 2022 | Feb 14, 2022 | $0.56 | $0.59 | +5.4% | ✓ BEAT |
Q4 2021 | Oct 20, 2021 | $0.55 | $0.53 | -3.6% | ✗ MISS |
Q3 2021 | Jul 21, 2021 | $0.46 | $0.44 | -4.3% | ✗ MISS |
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