Farmers & Merchants Bancorp, Inc. (FMAO)

NASDAQ: FMAO · Real-Time Price · USD

36.81

-0.07 (-0.19%)

At close: Nov 13, 2026, 4:00 PM EST

36.73

-0.08 (-0.22%)

After-hours: Nov 13, 2026, 7:30 PM EST

FMAO Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	132.45	119.38	101.19	95.69	97.72	83.66
Revenue Growth	16.11%	17.97%	5.74%	-2.08%	16.81%	20.98%
Net Income	42.18	32.9	25.43	22.54	32.23	23.3
Earnings Per Share	3.10	2.43	1.90	1.67	2.46	2.01
EPS Growth	33.21%	28.02%	13.49%	-32.11%	22.39%	11.67%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	206.33	99.22	178.83	144.94	88.85	191.74
Total Debt	218.07	307.32	315.47	334.59	226.28	127.8
Net Cash (Debt)	-11.74	-208.11	-136.64	-189.65	-137.43	63.93
Net Cash Growth	-	-	-	-	-	-51.66%
Net Cash Per Share	-0.86	-15.35	-10.18	-14.06	-10.50	5.53

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	46.74	36.74	32.47	22.15	40.67	34.74
Capital Expenditures	-1.34	-1.77	-1.87	-10.93	-2.6	-1.97
Free Cash Flow	45.4	34.97	30.6	11.22	38.07	32.78
Free Cash Flow Growth	92.24%	14.28%	172.83%	-70.53%	16.15%	35.66%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Profit Margin	31.84%	27.56%	25.13%	23.55%	32.98%	27.86%
FCF Margin	34.27%	29.29%	30.24%	11.72%	38.96%	39.18%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 15, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.960	0.900	0.882	0.850	0.800	0.710
Dividend Per Share Growth	5.47%	1.98%	3.82%	6.25%	12.68%	7.58%
Dividend Yield	2.61%	3.64%	3.00%	3.42%	2.94%	2.16%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 15, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	11.86	10.21	15.69	14.90	11.38	18.28
Forward PE	10.98	9.53	15.75	18.44	9.98	15.49
P/FCF Ratio	11.02	9.61	13.04	29.93	9.64	13.00
PS Ratio	3.78	2.81	3.94	3.51	3.75	5.09