CA
NZ
UK
AU
IND
US
…
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.
Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website
A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Farmers & Merchants Bancorp is the holding company for Farmers & Merchants Bank, a community bank serving individuals and small-to-medium businesses in Southern California with deposit, lending, mortgage, trust and wealth-management services. Long-term growth drivers include loan growth in local markets, net interest margin trends, and fee income from mortgage and wealth services that could support revenue stability. Investors may find the company attractive for its local deposit franchise and customer relationships that appear positioned to produce predictable earnings over time.
Material risks include geographic and loan-portfolio concentration, exposure to interest-rate and deposit-funding volatility, and competitive pressure from larger banks and fintech.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 42.52M | 32.57M | 28.35M | 40.48M | 29.50M |
| Net income | 33.31M | 25.94M | 22.79M | 32.52M | 23.50M |
| Selling general administrative | 7.87M | 46.24M | 42.79M | 40.09M | 36.75M |
| Selling and marketing expenses | 2.20M | 2.14M | 2.61M | 1.65M | 1.44M |
| Gross profit | 117.75M | 98.63M | 91.89M | 100.37M | 84.83M |
| Reconciled depreciation | 6.99M | 6.37M | 5.50M | 0.14M | 1.58M |
| Ebit | - | 32.57M | 28.35M | 58.71M | 29.50M |
| Ebitda | 42.52M | 38.95M | 34.13M | 58.85M | 31.08M |
| Depreciation and amortization | - | 6.37M | 5.77M | 0.14M | 1.58M |
| Operating income | 42.52M | 32.57M | 28.35M | 58.71M | 29.50M |
| Other operating expenses | 146.57M | 143.99M | 123.69M | -41.66M | -55.33M |
| Interest expense | 69.25M | 77.66M | 58.41M | 14.36M | 7.34M |
| Tax provision | 9.22M | 6.63M | 5.94M | 7.96M | 6.00M |
| Interest income | 172.34M | 162.21M | 130.39M | 100.83M | 76.67M |
| Net interest income | 103.08M | 84.55M | 83.38M | 86.47M | 69.32M |
| Income tax expense | 9.22M | 6.63M | 5.57M | 7.96M | 6.00M |
| Total revenue | 189.09M | 176.56M | 152.05M | 100.37M | 84.83M |
| Total operating expenses | 75.23M | 66.06M | 63.54M | -41.66M | -55.33M |
| Cost of revenue | 71.34M | 77.93M | 60.16M | - | - |
| Total other income expense net | - | 149.18M | 28.35M | -18.23M | -7.34M |
| Net income from continuing ops | 33.31M | 25.94M | 24.43M | 32.52M | 23.50M |
| Net income applicable to common shares | - | - | - | 32.52M | 23.50M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 3434.38M | 3364.72M | 3283.23M | 3015.35M | 2638.30M |
| Intangible assets | 5.17M | 5.66M | 5.65M | 3.55M | 3.16M |
| Other current assets | -11.70M | 3.98M | 155.14M | 0.83M | 1513.37M |
| Total liab | 3063.52M | 3029.51M | 2966.69M | 2717.21M | 98.54M |
| Total stockholder equity | 370.86M | 335.21M | 316.54M | 298.14M | 297.17M |
| Other current liab | 0.96M | 2689.76M | 1348.23M | 2468.86M | 2.46M |
| Common stock | 135.53M | 135.56M | 135.51M | 135.50M | 122.67M |
| Capital stock | 135.53M | 135.56M | 135.51M | 135.50M | 122.67M |
| Retained earnings | 257.86M | 235.85M | 221.08M | 212.45M | 189.40M |
| Other liab | - | - | - | 1.26M | 1.04M |
| Good will | 86.36M | 86.36M | 86.36M | 86.36M | 80.43M |
| Other assets | 2796.84M | 2643.13M | 0.00M | 2426.74M | 1513.37M |
| Cash | 97.72M | 177.34M | 143.66M | 87.53M | 146.40M |
| Total current liabilities | 38.68M | 2716.98M | 1377.32M | 2490.93M | 2213.33M |
| Net debt | 202.31M | 130.75M | 190.93M | 84.54M | -47.86M |
| Short term debt | 37.72M | 27.22M | 29.09M | - | - |
| Short long term debt total | 300.03M | 308.09M | 334.59M | 172.07M | 98.54M |
| Other stockholder equity | -10.64M | -10.98M | -11.04M | -11.57M | -11.72M |
| Property plant equipment | - | - | - | 28.38M | 26.91M |
| Total current assets | 519.32M | 605.39M | 155.14M | 473.87M | 576.33M |
| Long term investments | 435.10M | 440.96M | 375.62M | 400.59M | 438.09M |
| Net tangible assets | - | - | - | 211.78M | 216.73M |
| Short term investments | 0.47M | 426.56M | 358.48M | 390.79M | 429.93M |
| Net receivables | 11.70M | - | - | - | - |
| Long term debt | 262.31M | 280.87M | 300.45M | 172.07M | 98.54M |
| Inventory | - | - | - | - | 0.16M |
| Accounts payable | - | - | - | 22.07M | 2193.46M |
| Accumulated other comprehensive income | -11.89M | -25.22M | -29.01M | -38.23M | -3.18M |
| Common stock total equity | - | - | - | 135.50M | 122.67M |
| Retained earnings total equity | - | - | - | 212.45M | 189.40M |
| Treasury stock | - | - | - | -11.57M | -11.72M |
| Non currrent assets other | -3134.80M | 81.55M | 43.87M | -404.42M | -548.60M |
| Non current assets total | 118.22M | 2760.83M | 3128.09M | 114.74M | 548.60M |
| Long term debt total | - | - | - | 44.59M | 74.47M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 18.61M | -44.36M | -245.62M | -356.83M | -83.29M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -138.35M | -44.36M | -194.09M | -389.90M | -265.69M |
| Net borrowings | -18.69M | -19.68M | 128.34M | 97.54M | 73.29M |
| Total cash from financing activities | 23.33M | 46.04M | 229.73M | 252.82M | 236.07M |
| Change to operating activities | - | - | - | -5.26M | 3.17M |
| Net income | 33.31M | 25.94M | 22.79M | 32.52M | 23.50M |
| Change in cash | -78.63M | 34.15M | 57.79M | -96.41M | 5.12M |
| Begin period cash flow | 176.35M | 142.20M | 84.41M | 180.82M | 175.71M |
| End period cash flow | 97.72M | 176.35M | 142.20M | 84.41M | 180.82M |
| Total cash from operating activities | 36.39M | 32.47M | 22.15M | 40.67M | 34.74M |
| Depreciation | 6.99M | 6.37M | 5.77M | 4.02M | 4.99M |
| Other cashflows from investing activities | -138.35M | 21.62M | -215.75M | -30.48M | 0.01M |
| Dividends paid | 12.09M | 11.92M | 11.34M | -10.28M | -7.67M |
| Sale purchase of stock | -0.36M | -0.66M | -0.22M | -0.31M | -0.34M |
| Other cashflows from financing activities | 43.97M | 78.30M | 112.95M | 330.80M | 244.24M |
| Change to netincome | - | - | - | 12.30M | 3.04M |
| Capital expenditures | 1.77M | 1.87M | 10.93M | 2.60M | 1.97M |
| Cash flows other operating | - | - | - | -10.24M | 1.21M |
| Cash and cash equivalents changes | - | - | - | -96.41M | 5.12M |
| Change in working capital | -1.45M | 3.78M | -7.42M | -5.96M | 2.53M |
| Stock based compensation | 1.58M | 1.55M | 1.46M | 0.90M | 0.82M |
| Other non cash items | 4.53M | -5.47M | -2.68M | 9.02M | 4.71M |
| Free cash flow | 34.62M | 30.60M | 11.22M | 38.07M | 32.78M |
Sector: Financial Services Industry: Banks - Regional
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| FMAO Farmers & Merchants Bancorp Inc |
0.54 1.48% |
37.11 | 12.29 | 15.92 | 3.82 | 1.28 | 5.51 |
| DBSDY DBS Group Holdings Ltd ADR |
-0.34 0.15% |
230.68 | 20.00 | 17.57 | 7.54 | 3.17 | 13.19 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% |
6.66 | 7.70 | 7.10 | 0.55 | 0.83 | 3.51 |
| CIHKY China Merchants Bank Co Ltd |
0.44 1.32% |
33.67 | 7.79 | 7.20 | 0.55 | 0.85 | 3.51 |
| UNCFF UniCredit SpA |
- -% |
84.52 | 11.53 | 10.27 | 5.72 | 1.83 | 8.22 |
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.
| Name | Title | Year Born |
|---|---|---|
| Mr. Lars B. Eller | Pres, CEO & Director | 1967 |
| Ms. Barbara J. Britenriker | Exec. VP, CFO & Chief Retail Banking Officer | 1962 |
| Ms. Shalini Singhal | Sr. VP & Chief Information Officer | 1976 |
| Ms. Benet S. Rupp | Exec. VP & Chief Admin. Officer | 1966 |
| Ms. Marilyn K. Johnson | VP and Compliance & CRA Mang. | NA |
| Deborah L. Shinabery | VP of Sales & Retail Skills Devel. Mang. | NA |
| Ms. Amy L. Cover | VP & Chief Marketing Officer | NA |
| Ms. Diann K. Meyer-Grieser | VP & Human Resource Mang. | 1961 |
| Ms. Alexis Smith | VP & Chief People Officer | NA |
| Mr. David R. Gerken | Sr. VP & Sr. Commercial Banking Mang. | NA |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.
Download a free report with stock ideas and industry insights for general information.
Download Free Report Now →
Basic Materials
-0.52%
Communication Services
+0.32%
Consumer Cyclical
+1.01%
Consumer Defensive
+0.00%
Energy
+0.01%
Financial Services
+0.62%
Financials
-2.62%
Healthcare
+0.51%
Industrials
+0.71%
Real Estate
+0.72%
Technology
-0.46%
Utilities
+0.54%
Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.
Portfolio
Watchlist
Please wait processing your request...