FARMERS AND MERCHANTS BANCORP INC (FMAO)
Financials · Community banking / Regional bank · NASDAQ
A regional community bank focused on agricultural and commercial lending in the Midwest with strong profitability and local market expertise.
What FARMERS AND MERCHANTS BANCORP INC does
Farmers & Merchants Bancorp is a bank holding company whose primary subsidiary, The Farmers & Merchants State Bank, is a community bank serving Northwest Ohio, Northeast Indiana, and Southeast Michigan since 1897. The bank engages in commercial, agricultural, residential mortgage, and consumer lending, as well as deposit services including checking, savings, and certificates of deposit. The bank operates through multiple branches and loan production offices, and offers digital banking services, ATM/ITM services, IRA and HSA custodial services, and insurance products through F&M Insurance Agency.
Themes: ["community banking","agricultural lending","residential mortgage","commercial lending","deposits and savings","digital banking","Midwest regional banking"]
Fundamentals
- Price$29.94 as of 2026-07-09 close
- Market cap$413M as of 2026-07-10
- 1-year return+11.6% as of 2026-07-09 close
- P/E11.50 as of 2026-07-10
- Net margin+24.4% as of 2026-07-10
- ROE+9.8% as of 2026-07-10
- Debt / equity0.13 as of 2026-07-10
- Revenue growth (YoY)+39.3% as of 2026-07-10
- Beta0.81 as of 2026-07-10
Dividend: yield +3.1%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Geographic concentration risk in Northwest Ohio, Northeast Indiana, and Southeast Michigan exposes the bank to local economic downturns and agricultural commodity price volatility","Agricultural lending concentration creates credit risk if crop prices, commodity markets, or farm conditions deteriorate","Interest rate risk and net interest margin compression from changing federal rate environment affecting deposit and loan pricing dynamics"]
Competitors & peers
- MainSource Financial Group
- First Financial Bancorp
- Farmers & Merchants Bancorp
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.