Farmers & Merchants Bancorp, Inc.
FMAOFinancial ServicesNASDAQBanks - Regional
Scan Results
Daily timeframeFarmers & Merchants Bancorp, Inc. operates in the Banks - Regional space. Farmers & Merchants Bancorp, Inc. The company carries a $382.9M market cap, placing it firmly in the small-cap category. 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
$382.9M
Beta
0.82
P/E (TTM)
10.61
P/E (Fwd)
9.23
EPS (TTM)
$2.62
EPS (Fwd)
$3.01
ROE
10.0%
ROA
1.1%
Cash
$174.7M
Total Debt
$269.7M
Free CF
—
52W Change
16.8%
Annual Financials
Cash vs Debt
Farmers & Merchants Bancorp, Inc. carries $269.7M in total debt against $174.7M in cash reserves — debt is roughly 1.5x the cash position. Managing this leverage effectively will be important for long-term financial stability. ROE of 10.0% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.1% 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. No single metric tells the full story. Reviewing FMAO's risk profile alongside its fundamentals and technical indicators provides a more complete picture.