Farmers & Merchants Bancorp, Inc. (FMAO)

NASDAQ: FMAO · Real-Time Price · USD
27.93
+0.12 (0.43%)
At close: May 29, 2026, 4:00 PM EDT
28.20
+0.27 (0.97%)
After-hours: May 29, 2026, 6:24 PM EDT
Market Cap379.95M +5.3%
Revenue (ttm)123.94M +19.0%
Net Income35.50M +30.5%
EPS2.62 +30.0%
Shares Out 13.60M
PE Ratio10.68
Forward PE9.74
Dividend$0.92 (3.29%)
Ex-Dividend DateApr 2, 2026
Volume51,500
Open27.76
Previous Close27.81
Day's Range27.76 - 28.09
52-Week Range22.59 - 29.83
Beta0.83
AnalystsHold
Price Target28.67 (+2.65%)
Earnings DateApr 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 ... [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 Summary

According to 3 analysts, the average rating for FMAO stock is "Hold." The 12-month stock price target is $28.67, which is an increase of 2.65% from the latest price.

Price Target
$28.67
(2.65% upside)
Analyst Consensus: Hold

News

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 ...

5 weeks 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.

5 weeks ago - Filings

Farmers & Merchants Bancorp Quarterly report: Q1 2026

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

5 weeks 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...

5 weeks 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.

5 weeks 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

2 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.

2 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...

3 months ago - GlobeNewsWire

Farmers & Merchants Bancorp Annual report: Q4 2025

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

3 months ago - Filings

Farmers & Merchants Bancorp Annual report: Q4 2025

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

3 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.

3 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.

3 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...

5 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

5 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 ...

7 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…

7 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...

7 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.

7 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.

7 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 ...

7 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

8 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 ...

8 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.

9 months ago - Transcripts

Curtis Metz Promoted to Market President for Northern Indiana at F&M Bank

ARCHBOLD, Ohio, Sept. 11, 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 promotion of Curti...

9 months ago - GlobeNewsWire

$10,000 in Cash Up for Grabs in F&M Bank's “The Great Briefcase Hunt”

ARCHBOLD, Ohio, Aug. 18, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is inviting the community to put on their de...

10 months ago - GlobeNewsWire