Farmers & Merchants Bancorp, Inc.
FMAO
NASDAQ·Financial Services·Banks - Regional·Mkt cap $485.6M
$35.27
▲ +0.23%
P/E
12.12
Mkt Cap
$485.6M
52-Wk Range
$22.77–$35.94
52-Week Range
$22.77 - $35.94
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 35.0% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- 125+ year heritage and deep community relationships in rural Midwest markets
- Specialized agricultural lending expertise and tailored farm financing solutions
- Strong local market presence with limited competition in northwest Ohio and northeast Indiana
- Relationship-based banking model focused on personalized service for small businesses and farmers
- Established deposit base and customer loyalty in underserved rural communities
Bear Case
1 risk
- Low volatility (beta 0.8).
Growth
Strong growth ahead
Expansion of agricultural lending portfolio and farm equipment financing
Value
Fairly valued vs Commercial Banking peers
Momentum
Hot
+25.3% over 3m
Quality
Excellent
Excellent business quality
Dividend
Solid
2.60% yield
Smart-money signal
Who's buying FMAO right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 21, 2026
JUL 27, 2026
Reported EPS of $0.86 vs $0.67 consensus (+27.8% surprise). Revenue of $34.4M vs $33.0M expected (+3.9%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+27.8%
Revenue trend · last 8Q
—
+14%
+17%
+18%
+22%
+85%
-100%
-100%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$24.8M
$26.3M
$44.4M
$47.1M
$47.8M
$48.6M
$0
$0
Margins · last 8Q
Gross
—
Operating
—
Profit
—
Wall Street consensus
1 analyst · 0% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
0%
Hold
100%
Sell
0%
Median Price Target
—
Latest: Piper Sandler · Jul 29, 2026
vs Industry
How FMAO stacks vs Banks - Regional
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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