FMAO · NASDAQ
Farmers & Merchants Bancorp (FMAO) Stock Price & Fundamentals
Farmers & Merchants Bancorp (FMAO) closed at $531.39 on Oct 9, 2026, up 1.10% from the previous close of $525.60.
Share price, past year
1Y +25.02%Monthly closing prices
| Date | Close |
|---|---|
| Oct 9, 2026 | $531.39 |
| Sep 30, 2026 | $525.35 |
| Aug 31, 2026 | $534.37 |
| Jul 31, 2026 | $501.03 |
| Jun 30, 2026 | $500.39 |
| May 29, 2026 | $455.97 |
| Apr 30, 2026 | $413.41 |
| Mar 31, 2026 | $418.95 |
| Feb 27, 2026 | $416.74 |
| Jan 30, 2026 | $404.04 |
| Dec 31, 2025 | $425.84 |
| Nov 28, 2025 | $437.42 |
| Oct 31, 2025 | $418.13 |
Key statistics
- Market cap
- $7.32B
- P/E (TTM)
- 182.6
- EPS (TTM)
- $2.91
- Revenue (TTM)
- $130.50M
- Net income (TTM)
- $40.02M
- Shares outstanding
- 13.8M
- Dividend yield
- 0.17%
- 52-week range
- $397.69 – $557.64
Farmers & Merchants Bancorp's market cap is $7.32B, based on a share price of $531.39 and 13.8M shares outstanding as of Jun 30, 2026.
Financials
Farmers & Merchants Bancorp reported revenue (net interest income plus fees and other income) of $121.43M for fiscal 2025, up 19.59% from fiscal 2024.
Farmers & Merchants Bancorp earned net income of $33.31M in fiscal 2025, a net margin of 27.4%.
Fiscal 2025 revenue was the highest in the 10 years shown.
Annual revenue
| Fiscal year | Revenue | Growth | Net income | Net margin | EPS (diluted) | Free cash flow |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $121.43M | +19.6% | $33.31M | 27.4% | $2.43 | $34.97M |
| FY2024ended Dec 31, 2024 | $101.53M | +4.4% | $25.94M | 25.6% | $1.90 | $30.60M |
| FY2023ended Dec 31, 2023 | $97.30M | −5.2% | $22.79M | 23.4% | $1.67 | $11.22M |
| FY2022ended Dec 31, 2022 | $102.58M | +17.8% | $32.52M | 31.7% | $2.46 | $38.07M |
| FY2021ended Dec 31, 2021 | $87.11M | +13.8% | $23.50M | 27.0% | $2.01 | $32.78M |
| FY2020ended Dec 31, 2020 | $76.56M | +17.1% | $20.10M | 26.3% | $1.80 | $24.16M |
| FY2019ended Dec 31, 2019 | $65.37M | +28.9% | $18.40M | 28.2% | $1.66 | $20.42M |
| FY2018ended Dec 31, 2018 | $50.72M | +8.3% | $14.95M | 29.5% | $1.61 | $8.11M |
| FY2017ended Dec 31, 2017 | $46.86M | +4.4% | $12.72M | 27.2% | $1.38 | $15.76M |
| FY2016ended Dec 31, 2016 | $44.87M | — | $11.66M | 26.0% | $1.27 | $10.02M |
| Quarter | Revenue | Net income | EPS (diluted) |
|---|---|---|---|
| Q2 FY2026ended Jun 30, 2026 | $34.35M | $11.80M | $0.86 |
| Q1 FY2026ended Mar 31, 2026 | $32.44M | $9.58M | $0.70 |
| Q4 FY2025ended Dec 31, 2025 | $32.45M | $9.79M | $0.71 |
| Q3 FY2025ended Sep 30, 2025 | $31.26M | $8.85M | $0.64 |
| Q2 FY2025ended Jun 30, 2025 | $29.65M | $7.71M | $0.56 |
| Q1 FY2025ended Mar 31, 2025 | $28.07M | $6.95M | $0.51 |
| Q4 FY2024ended Dec 31, 2024 | $26.83M | $8.38M | $0.61 |
| Q3 FY2024ended Sep 30, 2024 | $25.55M | $6.52M | $0.48 |
Earnings
Farmers & Merchants Bancorp earned $0.86 per share in fiscal Q2 2026, reported Jul 27, 2026, up 53.57% from a year earlier.
Diluted earnings per share by quarter
| Quarter | Reported | EPS (diluted) | A year earlier | Change |
|---|---|---|---|---|
| Q2 FY2026ended Jun 30, 2026 | Jul 27, 2026Earnings release | $0.86 | $0.56 | +53.6% |
| Q1 FY2026ended Mar 31, 2026 | Apr 22, 2026Earnings release | $0.70 | $0.51 | +37.3% |
| Q4 FY2025ended Dec 31, 2025 | Feb 12, 2026Earnings release | $0.71 | $0.61 | +16.4% |
| Q3 FY2025ended Sep 30, 2025 | Oct 27, 2025Earnings release | $0.64 | $0.48 | +33.3% |
| Q2 FY2025ended Jun 30, 2025 | Jul 28, 2025Earnings release | $0.56 | $0.42 | +33.3% |
| Q1 FY2025ended Mar 31, 2025 | Apr 28, 2025Earnings release | $0.51 | $0.39 | +30.8% |
| Q4 FY2024ended Dec 31, 2024 | Feb 12, 2025Earnings release | $0.61 | $0.41 | +48.8% |
| Q3 FY2024ended Sep 30, 2024 | Oct 30, 2024Earnings release | $0.48 | $0.35 | +37.1% |
Dividends
Farmers & Merchants Bancorp's dividends came to $0.9175 per share over the last four quarters, up 3.67% from the four quarters before.
Farmers & Merchants Bancorp has raised its yearly dividend 16 years in a row (fiscal 2010 to 2025), as far back as its SEC data goes.
Dividends per share by fiscal year
Yearly totals
| Fiscal year | Dividends per share |
|---|---|
| FY2025ended Dec 31, 2025 | $0.90 |
| FY2024ended Dec 31, 2024 | $0.8825 |
| FY2023ended Dec 31, 2023 | $0.85 |
| FY2022ended Dec 31, 2022 | $0.8125 |
| FY2021ended Dec 31, 2021 | $0.71 |
| FY2020ended Dec 31, 2020 | $0.66 |
| FY2019ended Dec 31, 2019 | $0.61 |
| FY2018ended Dec 31, 2018 | $0.56 |
| FY2017ended Dec 31, 2017 | $0.50 |
| FY2016ended Dec 31, 2016 | $0.46 |
| Quarter | Dividends per share |
|---|---|
| Q2 FY2026ended Jun 30, 2026 | $0.23 |
| Q1 FY2026ended Mar 31, 2026 | $0.23 |
| Q4 FY2025ended Dec 31, 2025 | $0.23 |
| Q3 FY2025ended Sep 30, 2025 | $0.2275 |
| Q2 FY2025ended Jun 30, 2025 | $0.2213 |
| Q1 FY2025ended Mar 31, 2025 | $0.2213 |
| Q4 FY2024ended Dec 31, 2024 | $0.2213 |
| Q3 FY2024ended Sep 30, 2024 | $0.2213 |
| Q2 FY2024ended Jun 30, 2024 | $0.22 |
| Q1 FY2024ended Mar 31, 2024 | $0.22 |
| Q4 FY2023ended Dec 31, 2023 | $0.22 |
| Q3 FY2023ended Sep 30, 2023 | $0.21 |
Company profile
- Name
- Farmers & Merchants Bancorp, Inc.
- Ticker
- FMAO
- Exchange
- NASDAQ
- Industry (SEC SIC)
- Savings Institution, Federally Chartered
- Headquarters
- 307-11 N Defiance St, Archbold, OH 43502
- Incorporated in
- OH
- Fiscal year ends
- December
- SEC CIK
- 0000792966
Recent SEC filings
- Jul 29, 2026
- Jul 27, 2026
- Jul 7, 2026
- Apr 29, 2026
- Apr 22, 2026
- Apr 21, 2026
- Feb 27, 2026
- Feb 12, 2026
Related stocks
Farmers & Merchants Bancorp's industry, as the SEC classifies it, is Savings Institution, Federally Chartered. The companies in it closest to Farmers & Merchants Bancorp in revenue are Eastern Bankshares, Ponce Financial Group and Waterstone Financial.
- EBCEastern BanksharesSavings Institution, Federally Chartered
- PDLBPonce Financial GroupSavings Institution, Federally Chartered
- WSBFWaterstone FinancialSavings Institution, Federally Chartered
- FGBIFirst Guaranty BancsharesSavings Institution, Federally Chartered
- KRNYKearny FinancialSavings Institution, Federally Chartered
- BCBPBCB Bancorp, Inc. (NJ)Savings Institution, Federally Chartered
ETFs that hold Farmers & Merchants Bancorp
Of the ETFs and funds on Laurel, Vanguard Morningstar Total Stock Market ETF (VTI) holds the most Farmers & Merchants Bancorp shares by value: 0.00% of the fund, as of its latest report to the SEC.
Frequently asked questions
What is Farmers & Merchants Bancorp's stock price?
Farmers & Merchants Bancorp (FMAO) closed at $531.39 on Oct 9, 2026, up 1.10% from the previous close of $525.60.
What is Farmers & Merchants Bancorp's market cap?
Farmers & Merchants Bancorp's market cap is $7.32B, based on a share price of $531.39 and 13.8M shares outstanding as of Jun 30, 2026.
How much revenue does Farmers & Merchants Bancorp make?
Farmers & Merchants Bancorp reported revenue (net interest income plus fees and other income) of $121.43M for fiscal 2025, up 19.59% from fiscal 2024.
What is FMAO's P/E ratio?
Farmers & Merchants Bancorp's price-to-earnings ratio is 182.6, based on trailing twelve-month diluted EPS of $2.91.
Does Farmers & Merchants Bancorp pay a dividend?
Yes. Farmers & Merchants Bancorp's dividends came to $0.9175 per share over the last four quarters, up 3.67% from the four quarters before. That's a yield of 0.17%.
Sources and methodology
Fundamentals come from Farmers & Merchants Bancorp, Inc.'s filings with the SEC (EDGAR XBRL company facts). Fourth-quarter figures that companies don't report separately are calculated as the fiscal year minus the first three quarters. Trailing twelve-month (TTM) figures sum the latest four quarters. Prices are generated sample data for development. Last updated Oct 9, 2026. Data sources and disclosures