Farmers & Merchants Bancorp, Inc. (FMAO)

NASDAQ: FMAO · Real-Time Price · USD

34.46

-0.46 (-1.32%)

At close: Aug 10, 2026, 4:00 PM EDT

34.38

-0.08 (-0.23%)

After-hours: Aug 10, 2026, 5:27 PM EDT

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	Jun '26 Jun 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	128.75	119.34	101.26	95.56	97.98	83.66
Revenue Growth	18.83%	17.85%	5.97%	-2.48%	17.12%	20.24%
Net Income	40.02	33.31	25.94	22.79	32.52	23.5
Earnings Per Share	2.91	2.43	1.90	1.67	2.46	2.01
EPS Growth	34.72%	27.89%	13.77%	-32.11%	22.39%	11.67%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	156.39	97.72	176.35	142.2	84.41	180.82
Total Debt	34.99	34.93	34.82	34.7	34.59	34.47
Net Cash (Debt)	121.4	62.79	141.53	107.5	49.82	146.35
Net Cash Growth	127.53%	-55.64%	31.66%	115.76%	-65.96%	-16.71%
Net Cash Per Share	8.88	4.63	10.55	7.97	3.81	12.65

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	43.08	36.74	32.47	22.15	40.67	34.74
Capital Expenditures	-1.53	-1.77	-1.87	-10.93	-2.6	-1.97
Free Cash Flow	41.54	34.97	30.6	11.22	38.07	32.78
Free Cash Flow Growth	33.17%	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	Jun '26 Jun 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
Pretax Margin	39.74%	35.63%	32.17%	29.67%	41.31%	35.26%
Profit Margin	31.08%	27.91%	25.62%	23.85%	33.18%	28.08%
FCF Margin	32.27%	29.31%	30.22%	11.74%	38.85%	39.18%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 10, 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	0.920	0.900	0.882	0.850	0.800	0.710
Dividend Per Share Growth	3.67%	1.98%	3.82%	6.25%	12.68%	7.58%
Dividend Yield	2.67%	3.61%	3.02%	3.39%	2.89%	2.02%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 10, 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	11.84	10.17	15.50	14.85	11.05	16.33
Forward PE	10.70	9.53	15.75	18.44	9.98	15.49
P/FCF Ratio	11.17	9.72	13.18	30.21	9.72	13.09
PS Ratio	3.60	2.85	3.98	3.55	3.77	5.13