Farmers & Merchants Bancorp, Inc.
FMAOFinancial ServicesNASDAQBanks - Regional
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Daily timeframeOperating under the Banks - Regional umbrella, Farmers & Merchants Bancorp, Inc. is a financial services company. Farmers & Merchants Bancorp, Inc. Valued at $485.8M, 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
$485.8M
Beta
0.80
P/E (TTM)
12.12
P/E (Fwd)
10.79
EPS (TTM)
$2.91
EPS (Fwd)
$3.27
ROE
10.9%
ROA
1.2%
Cash
$156.9M
Total Debt
$218.6M
Free CF
—
52W Change
37.1%
Annual Financials
Cash vs Debt
Where FMAO stands vs its 150-day and 200-day moving averages
As of the August 21, 2026 close, FMAO finished 20.16% above its 150-day moving average ($28.08) and 24.00% above its 200-day moving average ($27.21). 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 August 21, 2026 close, FMAO's RSI(14) was 53.0, 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 $218.6M in total debt against $156.9M in cash reserves — debt is modestly above the cash position. Managing this leverage effectively will be important for long-term financial stability. Return on equity stands at 10.9%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. 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.
As with any equity investment, FMAO carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Farmers & Merchants Bancorp, Inc.'s trajectory.