Farmers & Merchants Bancorp, Inc. (FMAO)

Market Cap	473.71M +31.8%
Revenue (ttm)	129.00M +18.7%
Net Income	39.53M +35.4%
EPS	2.91 +34.8%
Shares Out	13.61M
PE Ratio	11.95
Forward PE	10.80
Dividend	$0.92 (2.65%)
Ex-Dividend Date	Jul 10, 2026

Volume	24,566
Open	34.59
Previous Close	34.85
Day's Range	33.92 - 35.11
52-Week Range	22.77 - 35.94
Beta	0.80
Analysts	Hold
Price Target	36.00 (+3.42%)
Earnings Date	Oct 26, 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 ...

• Industry: Banks - Regional
• Sector: Financials
• Founded: 1897
• Employees: 477
• Stock Exchange: NASDAQ
• Ticker Symbol: FMAO
• Website: https://www.fm.bank

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%.

Analyst Summary

According to 3 analysts, the average rating for FMAO stock is "Hold." The 12-month stock price target is $36.0, which is an increase of 3.42% from the latest price.

Price Target

$36.0

(3.42% upside)

Analyst Consensus: Hold

Data Sources: S&P Global Market Intelligence, CBOE, and more

Fundamental and historical data is provided by S&P Global Market Intelligence. Real-time stock price data is provided by CBOE and 15-minute delayed consolidated tape pricing data is provided by Nasdaq UTP.

Last checked:

Sep 9, 2026

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