---
title: "Farmers & Merchants Bancorp, Inc. (FMAO.US)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/FMAO.US.md"
symbol: "FMAO.US"
name: "Farmers & Merchants Bancorp, Inc."
industry: "Regional Banks"
datetime: "2026-06-10T09:54:33.702Z"
locales:
  - [en](https://longbridge.com/en/quote/FMAO.US.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/FMAO.US.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/FMAO.US.md)
---

# Farmers & Merchants Bancorp, Inc. (FMAO.US)

## Company Overview

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.

| Item | Detail |
|------|--------|
| Industry | Regional Banks |
| Exchange | US Market |
| Website | [www.fm.bank](https://www.fm.bank) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: B
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-06-10T04:30:17.000Z

**Overall: B (0.40)**

**Industry**: Regional Banks

| Metric | Value |
|--------|-------|
| Industry Ranking | 88 / 327 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

**Multi Score**: B

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 19.01% |  |
| Net Profit YoY | 31.44% |  |
| P/B Ratio | 1.04 |  |
| Dividend Ratio | 3.18% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 392370031.96 |  |
| Revenue | 123940000.00 |  |

#### Multi Score Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 9.85% | B |
| Profit Margin | 28.99% | A |
| Gross Margin | 0.00% | E |
| Revenue YoY | 19.01% | B |
| Net Profit YoY | 31.44% | B |
| Total Assets YoY | 2.86% | C |
| Net Assets YoY | 9.10% | B |
| Cash Flow Margin | 94.04% | C |
| OCF YoY | 19.01% | B |
| Turnover | 0.00 | E |
| Gearing Ratio | 0.00% | A |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Farmers & Merchants Bancorp, Inc.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "19.01%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "31.44%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "1.04",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "3.18%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "392370031.96",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "123940000.00",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "9.85%",
          "rating": "B"
        },
        {
          "name": "Profit Margin",
          "value": "28.99%",
          "rating": "A"
        },
        {
          "name": "Gross Margin",
          "value": "0.00%",
          "rating": "E"
        },
        {
          "name": "Revenue YoY",
          "value": "19.01%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "31.44%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "2.86%",
          "rating": "C"
        },
        {
          "name": "Net Assets YoY",
          "value": "9.10%",
          "rating": "B"
        },
        {
          "name": "Cash Flow Margin",
          "value": "94.04%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "19.01%",
          "rating": "B"
        },
        {
          "name": "Turnover",
          "value": "0.00",
          "rating": "E"
        },
        {
          "name": "Gearing Ratio",
          "value": "0.00%",
          "rating": "A"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 11.05 | 67/327 | 12.18 | 11.24 | 10.62 |
| PB | 1.04 | 86/327 | 1.02 | 0.98 | 0.93 |
| PS (TTM) | 3.17 | 82/327 | 3.26 | 3.09 | 2.95 |
| Dividend Yield | 3.18% | 73/327 | 3.62% | 3.44% | 3.33% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | Truist Financial (TFC.US) | C | B | E | A | B | B |
| 02 | Huntington Bancshares (HBAN.US) | C | B | E | A | B | B |
| 03 | East West Bancorp (EWBC.US) | B | B | E | A | B | B |
| 04 | Pinnacle Financial (PNFP.US) | C | A | E | A | A | B |
| 05 | Wintrust Financial (WTFC.US) | B | B | E | A | B | B |

## Institutional View

### Analyst Rating Distribution

> As of 2026-05-13T04:00:00.000Z

Total Analysts: **3**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Hold | 3 | 100% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 28.54 |
| Highest Target | 29.00 |
| Lowest Target | 28.50 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/FMAO.US/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/FMAO.US/norm.md)
- [Related News](https://longbridge.com/en/quote/FMAO.US/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/FMAO.US/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**