Farmers & Merchants Bancorp, Inc.
FMAOFinancial ServicesNASDAQBanks - Regional
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Daily timeframePart of the financial services sector, Farmers & Merchants Bancorp, Inc. (FMAO) is listed under Banks - Regional. Valued at $502.9M, FMAO is a small-cap name in its sector. 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.
Market Cap
$502.9M
Beta
0.81
P/E (TTM)
11.75
P/E (Fwd)
11.06
EPS (TTM)
$3.11
EPS (Fwd)
$3.30
ROE
11.4%
ROA
1.2%
Cash
$206.3M
Total Debt
$218.1M
Free CF
—
52W Change
52.5%
Annual Financials
Cash vs Debt
Where FMAO stands vs its 150-day and 200-day moving averages
As of the September 24, 2026 close, FMAO finished 17.86% above its 150-day moving average ($29.34) and 21.42% above its 200-day moving average ($28.48). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is FMAO overbought or oversold?
At the September 24, 2026 close, FMAO's RSI(14) was 50.3, in neutral territory (between 30 and 70). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
Farmers & Merchants Bancorp, Inc. carries $218.1M in total debt against $206.3M in cash reserves — debt is modestly above the cash position. Managing this leverage effectively will be important for long-term financial stability. ROE of 11.4% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.2% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $84.8M (2021) to $117.6M (2025), reflecting a 39% increase over the period.
Investors considering Farmers & Merchants Bancorp, Inc. should weigh the typical risks associated with FMAO's sector, size, and financial profile against their own risk tolerance and investment objectives. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FMAO.