Farmers & Merchants Bancorp Inc. (FMAO)
Nasdaq · Savings Institution, Federally Chartered · Finance, insurance and real estate · CIK 792966 · fiscal year ends in Dec
Closing price $37.19 on 29 Oct 2026; 52-week range $23.01 to $37.19.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $134.1M
- Revenue growth
- 15.7%
- Net income, last twelve months
- $42.7M
- Earnings per share
- $3.11
- Net margin
- 31.9%
- Free cash flow
- $45.4M
- Return on equity
- 11.0%
- Market value
- $511.7M
- Price to earnings
- 12.0x
- Dividend yield
- 2.5%
- Cash
- $205.8M
- Debt
- $218.1M
- Debt to equity
- 0.56
- Shares outstanding
- 13.8M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $121.4M | – | $33.3M | $2.43 | $35.0M | 10-K filed 27 Feb 2026 |
| FY2024 | 31 Dec 2024 | $101.5M | – | $25.9M | $1.90 | $30.6M | 10-K filed 26 Feb 2025 |
| FY2023 | 31 Dec 2023 | $97.4M | – | $22.8M | $1.67 | $11.2M | 10-K filed 27 Feb 2024 |
| FY2022 | 31 Dec 2022 | $102.6M | – | $32.5M | $2.46 | $38.1M | 10-K filed 24 Feb 2023 |
| FY2021 | 31 Dec 2021 | $87.1M | – | $23.5M | $2.01 | $32.8M | 10-K filed 22 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sep 2026 | $34.8M | $11.5M | $0.84 |
| Q2 FY2026 | 30 Jun 2026 | $34.4M | $11.8M | $0.86 |
| Q1 FY2026 | 31 Mar 2026 | $32.4M | $9.6M | $0.70 |
| Q4 FY2025 | 31 Dec 2025 | $32.5M | $9.8M | $0.71 |
| Q3 FY2025 | 30 Sep 2025 | $31.3M | $8.9M | $0.64 |
| Q2 FY2025 | 30 Jun 2025 | $29.6M | $7.7M | $0.56 |
| Q1 FY2025 | 31 Mar 2025 | $28.1M | $7.0M | $0.51 |
| Q4 FY2024 | 31 Dec 2024 | $26.9M | $8.4M | $0.61 |
Company events
The newest 8-K filings of 156 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 22 Oct 2026 | 8-K | Results | 2.02, 9.01 |
| 27 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 7 Jul 2026 | 8-K | Leadership change | 5.02 |
| 22 Apr 2026 | 8-K | Results | 2.02, 9.01 |
| 21 Apr 2026 | 8-K | Shareholder vote | 5.07 |
| 12 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 27 Jan 2026 | 8-K | Other events | 8.01 |
| 27 Oct 2025 | 8-K | Results | 2.02, 9.01 |
| 7 Aug 2025 | 8-K | Investor update | 7.01, 9.01 |
| 28 Jul 2025 | 8-K | Results | 2.02, 9.01 |
| 25 Jun 2025 | 8-K | Leadership change, Other events | 5.02, 8.01, 9.01 |
| 20 May 2025 | 8-K | Leadership change, Other events | 5.02, 8.01, 9.01 |
Every filing
The newest filings with the SEC of 375 held.
| Filed | Form | Period |
|---|---|---|
| 27 Oct 2026 | 10-Q | 30 Sep 2026 |
| 22 Oct 2026 | 8-K | 22 Oct 2026 |
| 29 Jul 2026 | 10-Q | 30 Jun 2026 |
| 27 Jul 2026 | 8-K | 27 Jul 2026 |
| 7 Jul 2026 | 8-K | 30 Jun 2026 |
| 29 Apr 2026 | 10-Q | 31 Mar 2026 |
| 22 Apr 2026 | 8-K | 22 Apr 2026 |
| 21 Apr 2026 | 8-K | 20 Apr 2026 |
| 24 Mar 2026 | ARS | 31 Dec 2025 |
| 24 Mar 2026 | DEF 14A | 20 Apr 2026 |
| 27 Feb 2026 | 10-K | 31 Dec 2025 |
| 12 Feb 2026 | 8-K | 12 Feb 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 18 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 2,402 | $35.05 | $84.2K | 49,148 | 18 Aug 2026 |
| 17 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 3,000 | $35.11 | $105.3K | 51,550 | 18 Aug 2026 |
| 14 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 3,000 | $35.38 | $106.1K | 54,550 | 14 Aug 2026 |
| 13 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 3,000 | $35.19 | $105.6K | 57,550 | 14 Aug 2026 |
| 12 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 3,000 | $34.94 | $104.8K | 60,550 | 12 Aug 2026 |
| 11 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 3,000 | $34.46 | $103.4K | 63,550 | 12 Aug 2026 |
| 10 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 3,000 | $34.54 | $103.6K | 66,550 | 12 Aug 2026 |
| 7 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 3,000 | $34.08 | $102.2K | 69,550 | 7 Aug 2026 |
| 6 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 3,000 | $34.24 | $102.7K | 72,550 | 7 Aug 2026 |
| 6 Aug 2026 | Gerken David R, EVP/CLO | Sale outside a trading plan | 1,000 | $33.72 | $33.7K | 6,509 | 6 Aug 2026 |
| 5 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 3,000 | $34.76 | $104.3K | 75,550 | 5 Aug 2026 |
| 4 Aug 2026 | Briggs Andrew J, Director | Sale under a trading plan | 3,000 | $33.67 | $101.0K | 78,550 | 5 Aug 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 17 Aug 2026 | Briggs Andrew J, Director | 5,402 | $189.7K | 17 Aug 2026 |
| 10 Aug 2026 | Briggs Andrew J, Director | 15,000 | $518.1K | 10 Aug 2026 |
| 3 Aug 2026 | Briggs Andrew J, Director | 15,000 | $505.4K | 3 Aug 2026 |
| 27 Jul 2026 | Briggs Andrew J, Director | 15,000 | $464.7K | 27 Jul 2026 |
| 20 Jul 2026 | Briggs Andrew J, Director | 15,000 | $458.6K | 20 Jul 2026 |
| 13 Jul 2026 | Briggs Andrew J, Director | 15,000 | $446.6K | 13 Jul 2026 |
| 6 Jul 2026 | Briggs Andrew J, Director | 15,000 | $460.1K | 6 Jul 2026 |
| 29 Jun 2026 | Briggs Andrew J, Director | 12,000 | $90.7K | 29 Jun 2026 |
| 22 Jun 2026 | Briggs Andrew J, Director | 18,000 | $172.3K | 22 Jun 2026 |
| 15 Jun 2026 | Briggs Andrew J, Director | 12,000 | $345.6K | 15 Jun 2026 |
Trades by members of the House
From each member's periodic transaction report.
| Traded | Member | Type | Amount | Disclosed |
|---|---|---|---|---|
| 20 Jul 2026 | Robert E. Latta (OH05) | Purchase | $1,001 - $15,000 | 24 Jul 2026 |
| 4 Jun 2026 | Robert E. Latta (OH05) | Purchase | $15,001 - $50,000 | 5 Jun 2026 |
| 20 Apr 2026 | Robert E. Latta (OH05) | Purchase | $1,001 - $15,000 | 24 Apr 2026 |
| 20 Jan 2026 | Robert E. Latta (OH05) | Purchase | $1,001 - $15,000 | 23 Jan 2026 |
| 20 Oct 2025 | Robert E. Latta (OH05) | Purchase | $1,001 - $15,000 | 27 Oct 2025 |
| 20 Jul 2025 | Robert E. Latta (OH05) | Purchase | $1,001 - $15,000 | 25 Jul 2025 |
| 5 Jun 2025 | Robert E. Latta (OH05) | Purchase | $15,001 - $50,000 | 8 Jun 2025 |
| 20 Apr 2025 | Robert E. Latta (OH05) | Purchase | $1,001 - $15,000 | 27 Apr 2025 |
| 20 Jan 2025 | Robert E. Latta (OH05) | Purchase | $1,001 - $15,000 | 24 Jan 2025 |
| 20 Oct 2024 | Robert E. Latta (OH05) | Purchase | $1,001 - $15,000 | 7 Nov 2024 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 214.2K | -7.86% | 5.73 |
| 30 Sep 2026 | 232.5K | -17.31% | 4.16 |
| 15 Sep 2026 | 281.1K | -2.7% | 7.38 |
| 31 Aug 2026 | 288.9K | +10.27% | 5.67 |
| 14 Aug 2026 | 262.0K | +17.68% | 2.63 |
| 31 Jul 2026 | 222.7K | +8.87% | 2.88 |
| 15 Jul 2026 | 204.5K | -0.35% | 2.58 |
| 30 Jun 2026 | 205.2K | +49.31% | 1.34 |
Funds that hold it
From each fund's latest Form 13F.
125 funds held it at 30 Jun 2026: 70 added and 20 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 1,087,009 | $33.2M | +163,682 |
| Vanguard Capital Management LLC | 577,302 | $17.7M | +42,564 |
| Geode Capital Management, LLC | 334,406 | $10.2M | +25,199 |
| Manufacturers Life Insurance Company, the | 289,178 | $8.8M | -1,442 |
| Dimensional Fund Advisors LP | 268,387 | $8.2M | +41,470 |
| State Street Corp. | 268,035 | $8.2M | +43,697 |
| Goelzer Investment Management, Inc. | 223,604 | $6.8M | -105,000 |
| American Century Companies Inc. | 186,959 | $5.7M | +125,458 |
| Mendel Money Management | 115,877 | $3.5M | -7,201 |
| Northern Trust Corp. | 106,346 | $3.3M | +11,410 |
Peers
Companies in the same industry.
- HSBC Holdings plc (HSBC): revenue $68.3B, market value $297.5B
- Axos Financial, Inc. (AX): revenue $1.6B, market value $5.3B
- Eastern Bankshares, Inc. (EBC): revenue $1.1B, market value $5.2B
- TFS Financial Corp. (TFSL): revenue $343.7M, market value $4.7B
- BankUnited, Inc. (BKU): revenue $1.1B, market value $3.1B
- Provident Financial Services Inc. (PFS): revenue $907.3M, market value $3.0B
- Capitol Federal Financial, Inc. (CFFN): revenue $229.2M, market value $1.1B
- HomeTrust Bancshares, Inc. (HTB): revenue $216.6M, market value $791.9M
- Kearny Financial Corp. (KRNY): revenue $178.1M, market value $596.4M
- Ponce Financial Group, Inc. (PDLB): revenue $120.0M, market value $548.7M