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FMAO NASDAQ US

Farmers & Merchants Bancorp, Inc. - Common Stock

Financials · Banking Website · IPO Nov 2004
$25.88
▼ $-0.07 (-0.27%)
Vol 60K
10
Quality Score
ok
Deep Check
2/5 ok
Mkt Cap
$339.9M
P/E
10.7
ROE
9.2%
Margin
24.4%
D/E
15.93
Beta
0.85
Div Yield
3.72%
52W
$21–$30

Wall Street Consensus

8 analysts · Apr 2026
0
Strong Buy
0
Buy
5
Hold
1
Sell
2
Strong Sell
0.0%
Buy Rating

Price Chart

Earnings

Beat rate: 100.0%
Quarter EPS Est EPS Act Surprise
Dec 2025 $0.67 $0.71 +$0.04
Sep 2025 $0.61 $0.64 +$0.03
Jun 2025 $0.51 $0.56 +$0.05
Mar 2025 $0.43 $0.51 +$0.08

Quarterly Revenue & Earnings

Quarter 2024-1… 2025-0… 2025-0… 2025-0… 2025-1…
Revenue $26.3M $27.4M $29.3M $30.2M $31.5M
Net Income $8.4M $7.0M $7.7M $8.9M $9.8M

Fundamentals Trend

Metric 2025-06-30 2025-09-02 2025-10-02 2025-11-03 2025-12-03 2026-01-02
ROE (TTM) 8.7% 8.7% 8.7% 8.7% 9.2% 9.2%
P/E (TTM) 11.73 11.67 11.68 11.10 10.60 10.66
Net Margin 24.4% 24.4% 24.4% 24.4% 24.4%
Gross Margin
D/E Ratio 17.80 17.80 17.66 17.80 15.93 15.93
Current Ratio

Key Ratios

ROA (TTM)
1.0%
P/S (TTM)
2.62
P/B
1.2
EPS (TTM)
$2.37
CF/Share
$2.22
Rev Growth 3Y
+14.0%
52W High
$29.86
52W Low
$20.88
$20.88 52-Week Range $29.86

Financial Health

Free Cash Flow
$13.2M
Net Debt
$163.6M
Cash
$98.7M
Total Debt
$262.3M
As of Dec 31, 2025

How does FMAO compare to Banking peers?

Peer group: Micro-cap Banking (All) · 289 companies

FMAO valuation vs Banking peers

P/E ratio
10.7
15% below peers (12.6)
vs Peers
vs Industry
Undervalued
P/S ratio
2.6
13% above peers (2.3)
vs Peers
vs Industry
Fair value
P/B ratio
1.2
15% above peers (1.1)
vs Peers
vs Industry
Overvalued
Div yield
3.7%
24% above peers (3.0%)
vs Peers
vs Industry
Below avg

FMAO profitability vs Banking peers

ROE
9.2%
2% above peers (9.0%)
vs Peers
vs Industry
In line
Net margin
24.4%
15% below peers (28.6%)
vs Peers
vs Industry
Weak
Gross margin
vs Peers
vs Industry
Weak
ROA
1.0%
0% above peers (1.0%)
vs Peers
vs Industry
In line

FMAO financial health vs Banking peers

D/E ratio
15.9
15% above peers (13.8)
vs Peers
vs Industry
In line
Current ratio
0% below peers (0.1)
vs Peers
vs Industry
Low liquidity
Beta
0.9
23% above peers (0.7)
vs Peers
vs Industry
More volatile

FMAO fundamentals radar

FMAO Peer median Industry

FMAO profitability vs leverage

Bubble size = market cap · X = net margin · Y = D/E ratio

FMAO vs peers: key metrics

Insider Activity

Neutral
Buys
0
Sells
0
FAUST ERIC D
Officer · Mar 23
1148 shs
FAUST ERIC D
Officer · Mar 02
275 shs
BRITENRIKER BARBARA J
Officer · Mar 02
2440 shs
ELLER LARS B
Chief Executive Officer · Mar 02
5374 shs
SINGHAL SHALINI
Chief Technology Officer · Mar 02
1620 shs
GERKEN DAVID
Officer · Mar 02
2157 shs
FAUST ERIC D
Officer · Mar 02
2226 shs
BAKER ANDREW S
Officer · Mar 02
1722 shs
BRITENRIKER BARBARA J
Officer · Feb 26
1500 shs
Last 90 days

Top Holders

Top 5: 29.12%
Blackrock Inc.
10.22%
$23.9M
Vanguard Group Inc
7.26%
$17.0M
Goelzer Investment Manageme…
5.22%
$12.2M
Geode Capital Management, L…
3.24%
$7.6M
Manufacturers Life Insuranc…
3.18%
$7.4M
As of Dec 31, 2025

Dividends

$0.90
/ year
Dec 29, 2025 $0.2300
Oct 10, 2025 $0.2280
Jul 07, 2025 $0.2210
Apr 04, 2025 $0.2210
Dec 27, 2024 $0.2210
Oct 04, 2024 $0.2210
Jul 05, 2024 $0.2200
Mar 27, 2024 $0.2200

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