Farmers & Merchants Bancorp, Inc. (FMAO)

Market Cap	494.22M +46.3%
Revenue (ttm)	132.45M +16.1%
Net Income	42.18M +33.9%
EPS	3.10 +33.2%
Shares Out	13.60M
PE Ratio	11.72
Forward PE	10.84
Dividend	$0.96 (2.64%)
Ex-Dividend Date	Oct 9, 2026

Volume	59,328
Open	36.30
Previous Close	36.37
Day's Range	36.02 - 36.63
52-Week Range	22.91 - 38.33
Beta	0.78
Analysts	Hold
Price Target	38.33 (+5.45%)
Earnings Date	Oct 22, 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: 486
• 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 $38.33, which is an increase of 5.45% from the latest price.

Price Target

$38.33

(5.45% 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:

Nov 7, 2026

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