FMAO - NASDAQ

Farmers & Merchants Bancorp, Inc.

FMAO·NASDAQ

$27.14

-3.2%

Financial ServicesBanks - Regional

Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer and credit card lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, remote deposit capture or electronic deposit processing, and merchant credit card services. It also offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$373.67M

EPS3.4000

P/E Ratio7.98

Earnings Date07/27/2026

3.43B

Assets

3Y+14.0%

5Y+80.0%

10Y+225.0%

3.06B

Total Liabilities

3Y+13.0%

5Y+85.0%

10Y+229.0%

370.86M

Total Equity

11%

3Y+24.0%

5Y+49.0%

10Y+195.0%

Farmers & Merchants Bancorp, Inc. Funding & Solvency Profile

FMAO · NASDAQ

Current Assets

Cash & Cash Equivalents97.72M

Net Receivables11.70M

Inventory0.00

Other Current Assets-11.70M

Total Current Assets519 M

Non-Current Assets

Property, Plant & Equipment31.86M

Goodwill & Intangible Assets91.53M

Long-Term Investments3.13B

Other Non-Current Assets-3.13B

Total Non-Current Assets27 M

Total Assets

3.43B

Financial Health Analysis

Current Ratio

13.43x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

8.26x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

481 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

15% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

Farmers & Merchants Bancorp, Inc. Balance Sheet

FMAO • NASDAQ

Farmers & Merchants Bancorp, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	97.7M	177.3M	143.7M	87.5M	146.4M	102.9M	54.4M	41.5M	37.5M	29.3M	21.3M	22.2M	18.3M	37.6M	31.6M	29M	28.7M	19.1M	21.8M	23.9M
Short-Term Investments	469K	426.6M	358.5M	390.8M	429.9M	307.8M	222.3M	168.4M	196.4M	218.5M	235.1M	248.5M	324.5M	355.9M	327.5M	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	519.3M	601.4M	502.1M	478.3M	576.3M	410.7M	276.7M	210M	233.9M	247.8M	256.4M	270.7M	342.8M	393.5M	359.1M	29M	28.7M	19.1M	21.8M	23.9M
Net Receivables	11.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	19.5M	20.6M	0.0
Accounts Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	19.5M	20.6M	0.0
Other Receivables	11.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Assets	-11.7M	4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Assets	519.3M	605.4M	502.1M	478.3M	576.3M	410.7M	276.7M	210M	233.9M	245.9M	256.4M	270.7M	342.8M	393.5M	359.1M	29M	28.7M	38.6M	42.4M	23.9M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	31.9M	33.8M	35.8M	28.7M	26.9M	27.1M	26.4M	22.6M	21.7M	21.5M	20.6M	20.3M	18.7M	17.6M	17M	17.2M	16.1M	16.8M	17.1M	14.2M
Goodwill	86.4M	86.4M	86.4M	86.4M	80.4M	47.3M	47.3M	4.1M	4.1M	4.1M	4.1M	4.1M	4.1M	4.1M	4.1M	4.1M	4.1M	4.1M	20.6M	0.0
Intangible Assets	5.2M	5.7M	5.6M	3.5M	3.2M	3.3M	2.6M	2.4M	2.3M	2.2M	2.1M	2M	2.1M	2.1M	2.1M	2.2M	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	91.5M	92M	92M	89.9M	83.6M	50.7M	50M	6.5M	6.4M	6.3M	6.1M	6.1M	6.1M	6.1M	6.1M	6.3M	4.1M	4.1M	4M	0.0
Long-Term Investments	3.1B	2.6B	2.6B	2.3B	1.9B	1.3B	1.2B	843.8M	821.1M	757.1M	683.5M	619.7M	575.1M	500.5M	505.5M	813.6M	775.6M	744.5M	713.4M	666.7M
Other Non-Current Assets	-3.1B	81.5M	78.4M	71.8M	94.4M	118.1M	32.4M	33.4M	24M	23.3M	22.4M	24.3M	23.2M	28.9M	35.2M	40.3M	29.4M	1.7M	27.1M	32.3M
Total Non-Current Assets	118.2M	2.8B	2.8B	2.5B	2.1B	1.5B	1.3B	906.2M	873.1M	808.1M	732.6M	670.5M	623.2M	553.2M	563.9M	877.4M	825.2M	767.1M	761.6M	713.2M
Other Assets	2.8B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	3.4B	3.4B	3.3B	3B	2.6B	1.9B	1.6B	1.1B	1.1B	1.1B	989.1M	941.2M	965.9M	946.7M	923M	906.4M	853.9M	805.7M	804M	737.1M
LIABILITIES
CURRENT LIABILITIES
Total Payables	3.1M	3M	0.0	0.0	2.5M	1.9M	1.8M	1.4M	1.2M	1.1M	1M	965K	967K	931K	890K	894K	853K	857K	795K	774K
Other Payables	3.1M	3M	0.0	0.0	2.5M	1.9M	1.8M	1.4M	1.2M	1.1M	1M	965K	967K	931K	890K	894K	853K	857K	795K	774K
Accrued Expenses	29.6M	0.0	0.0	19.2M	17.4M	14.2M	14.1M	10.5M	7.8M	6.7M	7.8M	7.2M	5.6M	9.3M	8.5M	5.4M	5.5M	4.7M	0.0	0.0
Short Term Debt	37.7M	27.2M	28.2M	54.2M	29.3M	30.2M	48.1M	32.2M	39.5M	70.3M	78.8M	56M	69.8M	51.3M	52.4M	51.2M	43.3M	48.2M	41.3M	34.8M
Other Current Liabilities	-31.8M	2.7B	2.6B	2.5B	2.2B	1.6B	1.3B	928.8M	919.3M	842.2M	771.3M	762.6M	776.5M	763.3M	739.4M	724.5M	676.4M	615.7M	634.6M	585.4M
Total Current Liabilities	38.7M	2.7B	2.6B	2.5B	2.2B	1.6B	1.4B	972.9M	967.9M	920.3M	859M	826.7M	852.8M	824.8M	801.2M	782.1M	726.1M	669.5M	676.7M	621M
NON-CURRENT LIABILITIES
Long Term Debt	262.3M	280.9M	300.5M	172.1M	98.5M	17.9M	24.8M	0.0	5M	10M	10M	0.0	4.5M	11.6M	16.7M	29.9M	34.2M	45.6M	31.8M	23.2M
Other Non-Current Liabilities	2.8B	34.7M	30.6M	2.8M	0.0	0.0	0.0	972.9M	0.0	0.0	0.0	826.7M	0.0	0.0	0.0	0.0	0.0	0.0	6.1M	5.1M
Total Non-Current Liabilities	3B	315.5M	331M	174.9M	98.5M	17.9M	24.8M	0.0	5M	10M	10M	0.0	4.5M	11.6M	16.7M	29.9M	34.2M	45.6M	37.9M	28.4M
Total Liabilities	3.1B	3B	3B	2.7B	2.3B	1.7B	1.4B	972.9M	972.9M	930.3M	869M	826.7M	857.6M	836.4M	817.9M	812M	760.3M	715.2M	714.6M	649.4M
SHAREHOLDERS' EQUITY
Treasury Stock	-10.6M	-11M	-11M	-11.6M	-11.7M	-11.9M	-12.5M	-12.4M	-12.2M	-12.3M	-12.4M	-11.9M	-11.6M	-10.6M	-9.9M	-9.8M	-9.1M	-8.7M	-5.4M	-816K
Common Stock	135.5M	135.6M	135.5M	135.5M	122.7M	81.8M	81.5M	10.8M	11.5M	11.9M	12.1M	12.2M	12.3M	12.7M	12.7M	0.0	0.0	0.0	0.0	0.0
Additional Paid-In Capital	0.0	0.0	0.0	0.0	0.0	0.0	0.0	10.8M	11.5M	11.9M	12.1M	12.2M	12.3M	12.7M	12.7M	12.7M	12.7M	12.7M	12.7M	12.7M
Retained Earnings	257.9M	235.9M	221.1M	212.4M	189.4M	173.6M	160.1M	147.9M	136.6M	127.9M	120.2M	113.8M	107.9M	102.6M	96.5M	91.6M	88M	84.9M	81.6M	77.1M
Accumulated Other Comprehensive Income/Loss	-11.9M	-25.2M	-29M	-38.2M	-3.2M	5.7M	1.1M	-13.8M	-13.4M	-13.9M	-11.9M	-11.8M	-12.3M	6.1M	6.4M	538K	2.5M	2.2M	489K	-1.2M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-13.3M	-13.2M	-580K	-573K	-503K	0.0	0.0
Total Stockholders' Equity	370.9M	335.2M	316.5M	298.1M	297.2M	249.2M	230.3M	143.3M	134.1M	125.6M	120.1M	114.5M	108.3M	110.2M	105.1M	94.4M	93.6M	90.5M	89.4M	87.7M
Total Equity	370.9M	335.2M	316.5M	298.1M	297.2M	249.2M	230.3M	143.3M	134.1M	125.6M	120.1M	114.5M	108.3M	110.2M	105.1M	94.4M	93.6M	90.5M	89.4M	87.7M
SUMMARY
Total Liabilities & Equity	3.4B	3.4B	3.3B	3B	2.6B	1.9B	1.6B	1.1B	1.1B	1.1B	989.1M	941.2M	965.9M	946.7M	923M	906.4M	853.9M	805.7M	804M	737.1M
Total Investments	3.1B	3B	2.9B	2.7B	2.3B	1.6B	1.4B	1B	1B	975.6M	918.7M	868.2M	899.6M	856.4M	833M	813.6M	775.6M	744.5M	713.4M	666.7M
Total Debt	300M	308.1M	328.7M	226.3M	127.8M	48.1M	72.9M	32.2M	44.5M	80.3M	88.8M	56M	74.3M	62.9M	69.1M	81.1M	77.5M	93.8M	73.1M	58.1M
Net Debt	202.3M	130.8M	185M	138.8M	-18.6M	-54.8M	18.4M	-9.3M	7M	51.1M	67.5M	33.7M	56M	25.4M	37.5M	52.1M	48.8M	74.7M	51.4M	34.2M
Shares Outstanding	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036	13,724,036

SEC Filings

FMAO - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	April 29, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 22, 2026	April 22, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 20, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 24, 2026	April 20, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 27, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 12, 2026	February 12, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 27, 2026	January 27, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	October 31, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 27, 2025	October 27, 2025	2025	View Filing
8-K 8-K 2025 N/A	August 07, 2025	August 07, 2025	2025	View Filing

Showing 1 to 10 of 316 filings

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