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Farmers & Merchants Bancorp Inc

Farmers & Merchants Bancorp Inc

FMAO · NASDAQ · Financial Services / Banks - Regional

36.81USD-0.07 (-0.19%)

Price History

Full chart

Market Stats

Previous Close36.88
Open36.88
Day Range36.47 – 36.98
52-Week Range22.20 – 36.12
Volume24.59K
Market Cap481.10M
P/E (TTM)12.00
Forward P/E15.92
EPS2.91
Dividend Yield2.62%
Beta0.80
50-Day Avg34.06
200-Day Avg28.79

About

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, Northeast Indiana, and Southeast Michigan. 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 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, bill-pay, on-line statement opportunities, and remote deposit capture or electronic deposit processing. Additionally, the company 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.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Lars B. Eller
  • Employees477
  • Headquarters307 North Defiance Street, Archbold, OH, United States, 43502, USA
  • Websitehttps://www.fm.bank

Leadership

  • Mr. Lars B. EllerPresident, CEO & Director · b. 1967
  • Ms. Barbara J. BritenrikerExecutive VP & CFO · b. 1962
  • Mr. Eric D. FaustExecutive VP & COO · b. 1987
  • Mr. Andrew S. BakerSenior VP & Chief Strategy Officer · b. 1973
  • Mr. David R. GerkenExecutive VP & Chief Lending Officer · b. 1972
  • Ms. Katrina L. DeGroffSenior VP & Chief Accounting Officer
  • Mr. Tim CarseySenior VP & Chief Administrative Officer
  • Ms. Melody CharltonSenior Vice President and Chief Legal & Compliance Officer
  • Ms. Amy L. CoverSenior VP and Chief Marketing & Experience Officer
  • Ms. Benet S. RuppExecutive VP & Chief People Officer · b. 1967

Financials

Income Statement

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue24.65M26.22M34.20M32.65M32.39M49.09M42.78M44.54M48.70M51.81M50.30M48.94M48.09M43.50M44.23M42.12M43.48M44.39M47.80M50.78M55.91M78.33M85.26M92.17M113.66M152.05M176.56M189.09M
Growth (%)-+6.38%+30.45%-4.53%-0.81%+51.57%-12.86%+4.12%+9.34%+6.38%-2.91%-2.72%-1.74%-9.54%+1.69%-4.78%+3.22%+2.10%+7.69%+6.23%+10.09%+40.10%+8.85%+8.10%+23.31%+33.78%+16.12%+7.10%
Cost of Revenue18.83M20.56M27.56M24.28M18.52M21.19M12.11M13.11M19.06M22.59M19.89M16.78M16.19M9.87M6.99M5.46M4.91M4.21M5.34M5.35M6.90M15.90M17.37M10.79M18.96M60.16M77.93M71.34M
Gross Profit5.82M5.66M6.65M8.37M13.87M27.91M30.67M31.43M29.64M29.22M30.42M32.16M31.90M33.63M37.25M36.66M38.57M40.18M42.46M45.43M49.01M62.43M67.89M81.38M94.70M91.89M98.63M117.75M
Gross Margin23.61%21.58%19.44%25.64%42.81%56.84%71.70%70.56%60.86%56.39%60.47%65.72%66.34%77.31%84.20%87.03%88.71%90.51%88.82%89.47%87.67%79.71%79.62%88.30%83.32%60.44%55.86%62.27%
Operating Expense-6.27M-8.47M-11.02M-11.76M-6.61M17.82M18.87M19.65M18.40M18.66M21.24M23.08M22.54M22.22M23.55M24.06M25.06M26.02M26.14M27.53M30.76M39.67M42.68M51.89M54.22M63.54M66.06M75.23M
Operating Income12.09M14.13M17.67M20.14M20.47M10.09M11.80M11.78M11.24M10.56M9.17M9.08M9.36M11.41M13.69M12.60M13.52M14.16M16.32M17.90M18.25M22.76M25.21M29.50M40.48M28.35M32.57M42.52M
Operating Margin49.05%53.89%51.66%61.67%63.21%20.54%27.59%26.44%23.09%20.39%18.23%18.55%19.47%26.22%30.95%29.92%31.09%31.90%34.14%35.25%32.64%29.06%29.56%32.00%35.61%18.65%18.45%22.49%
EBITDA13.73M15.90M19.43M21.73M22.06M12.02M13.28M13.24M12.61M11.88M10.83M11.34M11.43M13.35M15.93M14.53M15.63M16.22M18.53M20.05M20.49M26.28M29.50M34.49M44.49M34.13M38.95M49.51M
EBITDA Margin55.69%60.64%56.80%66.55%68.10%24.49%31.04%29.72%25.90%22.93%21.53%23.17%23.77%30.69%36.00%34.50%35.96%36.54%38.75%39.49%36.65%33.55%34.61%37.42%39.15%22.45%22.06%26.18%
Net Income8.06M9.22M11.02M12.32M13.42M7.63M8.23M8.58M8.14M7.73M6.72M6.61M6.98M8.51M9.79M9.01M9.65M10.34M11.66M12.72M14.95M18.40M20.09M23.50M32.52M22.79M25.94M33.31M
Net Income Margin32.70%35.15%32.22%37.72%41.43%15.53%19.24%19.25%16.71%14.93%13.36%13.50%14.52%19.57%22.13%21.38%22.18%23.29%24.40%25.05%26.74%23.49%23.57%25.49%28.61%14.99%14.69%17.61%
R&D-------------00000000-------
R&D as % of Total Revenue-------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense17.43M18.86M24.76M23.28M13.60M14.28M11.22M13.54M18.54M21.72M18.10M13.22M10.86M8.16M6.25M4.60M3.72M3.59M4.22M5.13M6.57M14.76M10.39M7.34M14.36M58.41M77.66M69.25M
Interest Expense % of Total Revenue70.71%71.94%72.38%71.29%41.98%29.09%26.23%30.40%38.06%41.93%35.98%27.01%22.59%18.75%14.13%10.93%8.55%8.08%8.83%10.10%11.75%18.84%12.19%7.97%12.64%38.42%43.98%36.62%

Balance Sheet

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets758.80M819.88M905.55M970.88M1.02B705.70M702.51M720.95M737.10M803.97M805.73M853.86M906.36M922.99M946.66M965.94M941.21M989.07M1.06B1.11B1.12B1.61B1.91B2.64B3.02B3.28B3.36B3.43B
Total Liabilities679.39M739.68M814.67M870.15M918.34M630.85M623.67M638.36M649.36M714.60M715.18M760.28M811.96M817.90M836.42M857.60M826.72M868.97M930.32M972.87M972.88M1.38B1.66B98.54M2.72B2.97B3.03B3.06B
Total Equity79.41M80.20M90.88M100.74M103.56M74.86M78.84M82.59M87.73M89.38M90.55M93.58M94.40M105.09M110.24M108.34M114.49M120.10M125.58M134.14M143.29M230.26M249.16M2.54B298.14M316.54M335.21M370.86M
Cash39.71M41.98M74.29M63.51M53.57M19.54M24.26M22.59M23.89M21.75M19.15M28.69M28.99M31.61M37.56M18.27M22.25M21.33M29.26M37.50M41.51M54.45M102.93M146.40M87.53M143.66M177.34M98.75M
Total Debt84.19M82.13M82.07M82.00M98.93M51.69M44.82M56.11M58.05M73.14M93.85M77.46M81.11M69.10M62.91M74.26M55.96M88.81M80.32M44.49M32.18M72.88M48.10M105.13M226.28M328.67M308.09M300.03M
Net Debt44.47M40.14M7.78M18.49M45.35M32.16M20.56M33.52M34.16M51.39M74.70M48.77M52.13M37.49M25.35M55.99M33.72M67.48M51.06M7.00M-9.33M18.43M-54.83M-47.86M138.75M185.01M130.75M201.28M

Cash Flow

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow12.35M21.10M8.69M-3.36M7.87M19.48M14.69M9.22M13.38M8.54M8.67M5.78M11.44M15.20M14.21M16.99M19.16M14.81M12.43M17.65M10.74M23.93M27.38M34.74M40.67M22.15M32.47M36.39M
Investing Cash Flow-85.73M-70.80M-50.92M-57.88M-55.73M6.49M237.00K-21.69M-5.78M-16.17M-31.72M-33.37M-49.13M-14.42M-26.45M-31.96M22.51M-53.97M-64.19M-48.17M1.47M-149.32M-177.72M-265.69M-389.90M-194.09M-44.36M-138.35M
Financing Cash Flow85.08M51.98M74.54M50.46M37.93M-25.22M-10.21M10.80M7.06M19.27M-4.95M40.35M47.43M-1.02M13.19M-9.87M-36.64M36.89M58.06M36.67M-8.31M138.32M274.75M236.07M252.82M229.73M46.04M23.33M
Capital Expenditure1.74M2.76M609.00K1.47M1.50M2.07M793.00K539.00K427.00K2.67M1.08M412.00K2.29M947.00K1.77M2.06M2.91M1.72M2.41M1.89M2.63M3.51M3.22M1.97M2.60M10.93M1.87M1.77M
Free Cash Flow10.60M18.34M8.09M-4.83M6.38M17.41M13.90M8.68M12.95M5.87M7.58M5.37M9.14M14.26M12.44M14.93M16.25M13.09M10.02M15.76M8.11M20.42M24.16M32.78M38.07M11.22M30.60M34.62M
Dividends Paid3.13M3.35M3.71M4.06M4.54M8.71M2.47M2.47M3.05M3.23M3.22M3.42M3.40M3.57M3.60M3.72M3.86M3.94M4.12M4.44M4.96M6.34M7.19M7.67M10.28M11.34M11.92M12.09M
FCF to OCF85.89%86.91%93.00%143.70%81.00%89.38%94.60%94.15%96.81%68.69%87.53%92.88%79.94%93.77%87.52%87.86%84.82%88.41%80.64%89.30%75.52%85.33%88.23%94.34%93.61%50.65%94.24%95.14%
Dividend Paid to FCF29.57%18.24%45.88%-84.03%71.28%50.01%17.77%28.45%23.55%54.99%42.41%63.61%37.22%25.02%28.91%24.91%23.78%30.12%41.05%28.19%61.12%31.07%29.74%23.40%26.99%101.05%38.96%34.91%

Earnings

Report DateDec 31, 2004Mar 31, 2005Jun 30, 2005Sep 30, 2005Dec 31, 2005Mar 31, 2006Jun 30, 2006Sep 30, 2006Dec 31, 2006Mar 31, 2007Jun 30, 2007Sep 30, 2007Dec 31, 2007Mar 31, 2008Jun 30, 2008Sep 30, 2008Dec 31, 2008Mar 31, 2009Jun 30, 2009Sep 30, 2009Dec 31, 2009Mar 31, 2010Jun 30, 2010Dec 1, 2010Mar 2, 2011Apr 29, 2011Aug 4, 2011Nov 4, 2011Feb 24, 2012Apr 30, 2012Aug 1, 2012Oct 29, 2012Feb 25, 2013Apr 29, 2013Jul 31, 2013Oct 30, 2013Feb 26, 2014Apr 28, 2014Jul 28, 2014Oct 29, 2014Feb 25, 2015Apr 29, 2015Jul 29, 2015Oct 28, 2015Feb 4, 2016Apr 20, 2016Jul 20, 2016Oct 19, 2016Feb 8, 2017Apr 19, 2017Jul 19, 2017Oct 18, 2017Feb 8, 2018Apr 19, 2018Jul 18, 2018Oct 18, 2018Feb 13, 2019Apr 26, 2019Jul 19, 2019Oct 21, 2019Feb 5, 2020Apr 24, 2020Jul 22, 2020Oct 21, 2020Feb 10, 2021Apr 21, 2021Jul 21, 2021Oct 20, 2021Feb 14, 2022Apr 20, 2022Jul 21, 2022Oct 19, 2022Feb 8, 2023Apr 19, 2023Jul 26, 2023Oct 26, 2023Feb 13, 2024May 1, 2024Aug 1, 2024Oct 30, 2024Feb 12, 2025Apr 15, 2025Jul 28, 2025Oct 27, 2025Feb 12, 2026Apr 22, 2026Jul 27, 2026Oct 26, 2026
EPS Estimate-------------------------0.190.200.170.230.230.230.250.240.250.200.220.210.220.230.260.270.260.260.280.300.270.290.300.300.320.320.350.350.380.390.400.350.460.450.410.400.370.330.420.390.450.450.530.560.560.620.720.670.540.450.370.320.350.360.410.480.420.500.590.660.680.670.81
EPS Actual0.200.200.210.210.200.190.190.200.200.200.190.170.200.160.210.180.140.180.150.130.230.130.140.230.230.210.170.220.320.240.270.260.270.230.270.230.250.210.280.270.280.260.280.280.300.270.330.330.350.310.350.350.370.410.440.420.410.380.420.380.450.370.430.400.480.440.530.630.660.620.630.680.530.480.450.350.410.390.420.480.610.510.560.640.710.720.86-
Surprise-------------------------10.53%-15.00%29.41%39.13%4.35%17.39%4.00%12.50%-8.00%35.00%4.55%19.05%-4.55%21.74%3.85%3.70%0.00%7.69%0.00%0.00%0.00%13.79%10.00%16.67%-3.13%9.38%0.00%5.71%7.89%12.82%5.00%17.14%-17.39%-6.67%-7.32%12.50%0.00%30.30%-4.76%23.08%-2.22%17.78%18.87%17.86%10.71%1.61%-5.56%-20.90%-11.11%0.00%-5.41%28.13%11.43%16.67%17.07%27.08%20.00%12.00%8.47%7.58%5.88%28.36%-
Timing-------------------------Pre-marketAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursPre-market-After-hoursAfter-hours-After-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-market-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap481.10M
Enterprise Value537.06M
Trailing P/E12.00
Forward P/E15.92
PEG Ratio0.00
Price / Sales3.73
Price / Book1.24
EPS2.91
Book Value28.26
Revenue (TTM)129.00M
Gross Profit (TTM)129.00M
Profit Margin31.03%
Operating Margin46.34%
Return on Equity10.88%
Return on Assets1.17%
Shares Outstanding13.77M
Shares Float13.19M
Beta0.80
Dividend Yield2.62%
Dividend Rate0.92
Payout Ratio31.33%

Analyst Ratings

Hold
Based on 3 analystsTarget 36.00
  • Hold
    3

Ownership Breakdown

Institutions
37.48%
Insiders
2.76%
Retail / Other
59.76%

Top Institutional Holders

  • BlackRock Inc
    923.33K6.70%
  • Vanguard Capital Management, LLC
    534.74K3.88%
  • Geode Capital Management, LLC
    309.21K2.25%
  • Manufacturers Life Insurance Co
    290.62K2.11%
  • Dimensional Fund Advisors, Inc.
    268.39K1.95%
  • State Street Corp
    224.34K1.63%
  • Goelzer Investment Management Inc
    223.60K1.62%
  • American Century Companies Inc
    186.96K1.36%
  • Mendel Money Management Inc
    115.88K0.84%
  • Gryphon Financial Partners LLC
    100.19K0.73%
  • Northern Trust Corp
    94.94K0.69%
  • Vanguard Fiduciary Trust Co
    86.20K0.63%
  • Marshall Wace Asset Management Ltd
    78.78K0.57%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    416.56K3.02%
  • iShares Russell 2000 ETF
    381.30K2.77%
  • Avantis US Small Cap Value ETF
    235.58K1.71%
  • JHancock Regional Bank A
    152.08K1.10%
  • Fidelity Small Cap Index
    148.67K1.08%
  • iShares Russell 2000 Value ETF
    139.93K1.02%
  • JH Financial Opportunities
    114.82K0.83%

Dividends

20263×
0.25Oct 9, 20260.23Jul 10, 20260.23Apr 2, 2026
20254×
0.23Dec 29, 20250.23Oct 10, 20250.22Jul 7, 20250.22Apr 4, 2025
20244×
0.22Dec 27, 20240.22Oct 4, 20240.22Jul 5, 20240.22Mar 27, 2024
20234×
0.22Dec 28, 20230.21Oct 5, 20230.21Jul 6, 20230.21Mar 30, 2023
20224×
0.21Dec 29, 20220.21Sep 23, 20220.20Jul 7, 20220.19Mar 31, 2022
20214×
0.19Dec 27, 20210.18Sep 27, 20210.17Jun 25, 20210.17Mar 30, 2021
20201×
0.17Dec 28, 2020

Stock Splits

  • Sep 21, 20172:1
  • May 15, 20064:1