Farmers & Merchants Bancorp, Inc. (FMAO) Stock

About Farmers & Merchants Bancorp, Inc.

Farmers & Merchants Bancorp, Inc. is led by CEO Lars Eller, employs 482 people, headquartered in US, publicly traded since 2006.

Farmers & Merchants Bancorp, Inc. (FMAO) stock trades at $36.54 with a market capitalization of $503.27M. The stock is valued at a price-to-earnings (P/E) ratio of 12.20, price-to-book of 1.27, price-to-sales of 2.51. Over the past 52 weeks the stock has ranged between $22.77 and $36.55, and currently trades at or near its 52-week high. It pays a dividend yielding 2.82%.

On profitability, Farmers & Merchants Bancorp, Inc. generates a return on equity (ROE) of 10.72%, return on capital employed of 1.47%, an operating margin of 22.75%, a net profit margin of 20.53%.

Farmers & Merchants Bancorp, Inc. by the numbers, 2016–2025

Between 2016 and 2025 Farmers & Merchants Bancorp, Inc. reported revenue of $48.0M rising to $189.0M, a change of +293.8% across 10 years. Compounded, revenue has grown 17.3% a year over five years, 18.4% over three, 6.8% over the last twelve months. Net profit rose to $33.0M.

Operating margin went from 34.1% in 2016 to 22.5% in 2025, a fall of 11.7 percentage points. The most recent net margin is 20.53%. On a trailing twelve-month basis to Jun '26, revenue is $196.0M and net profit $41.0M.

Borrowings rose from $80.0M to $300.0M, cash from operations was $36.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 8.5% over five years, and was 8.9% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Farmers & Merchants Bancorp, Inc. (FMAO) — frequently asked questions