Stock Fundamentals

Company Information

Company Name
Farmers & Merchants Bancorp Inc
Sector
Financial Services
Industry
Banks - Regional
Exchange
NASDAQ
ISIN: US30779N1054
CIK: 0000792966
CUSIP: 30810N106
Currency: USD
Full Time Employees: 476
Phone: 419 446 2501
Fiscal Year End: December
IPO Date: Nov 23, 2004
Description:

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 farm land, 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.

Address:

307 North Defiance Street, Archbold, OH, United States, 43502

Directors & Officers

Name Title Year Born
Mr. Lars B. Eller President, CEO & Director 1967
Ms. Barbara J. Britenriker Executive VP & CFO 1962
Ms. Shalini Singhal Senior VP & Chief Information Officer 1977
Mr. Eric D. Faust Executive VP & Chief Risk Officer 1987
Mr. David R. Gerken Executive VP & Chief Lending Officer 1973
Ms. Katrina L. DeGroff Senior VP & Chief Accounting Officer NA
Mr. Tim Carsey Senior VP & Chief Administrative Officer NA
Ms. Marilyn K. Johnson VP and Compliance & CRA Manager NA
Ms. Amy L. Cover Senior VP and Chief Marketing & Experience Officer NA
Mr. Michael F. Schnitkey Senior VP & Agri Finance Manager NA

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 932.34K Sep 30, 2025 6.78% $0.00 3.07%
Vanguard Group Inc 674.31K Dec 31, 2025 4.90% $0.00 -1.22%
Goelzer Investment Management Inc 485.06K Dec 31, 2025 3.53% $0.56 1,659.77%
Geode Capital Management, LLC 298.85K Sep 30, 2025 2.17% $0.00 -0.21%
Manufacturers Life Insurance Co 294.84K Dec 31, 2025 2.14% $0.01 -0.43%
State Street Corp 253.34K Sep 30, 2025 1.84% $0.00 0.20%
Dimensional Fund Advisors, Inc. 214.56K Dec 31, 2025 1.56% $0.00 6.28%
Mendel Money Management Inc 127.55K Dec 31, 2025 0.93% $1.32 -6.66%
Gryphon Financial Partners LLC 100.19K Dec 31, 2025 0.73% $0.27 0.00%
Northern Trust Corp 96.89K Sep 30, 2025 0.70% $0.00 -1.27%
Bank of New York Mellon Corp 38.67K Sep 30, 2025 0.28% $0.00 4.00%
Charles Schwab Investment Management Inc 38.16K Dec 31, 2025 0.28% $0.00 0.00%
Fort Washington Investment Advisors Inc 34.23K Dec 31, 2025 0.25% $0.00 0.00%
Venture Visionary Partners LLC 30.89K Sep 30, 2025 0.22% $0.03 0.12%
Nuveen, LLC 27.97K Sep 30, 2025 0.20% $0.00 0.00%
Millennium Management LLC 25.48K Sep 30, 2025 0.19% $0.00 2.92%
JPMorgan Chase & Co 25.40K Sep 30, 2025 0.18% $0.00 141.25%
Marshall Wace Asset Management Ltd 22.49K Sep 30, 2025 0.16% $0.00 0.00%
Jane Street Group LLC 21.75K Sep 30, 2025 0.16% $0.00 28.66%
Squarepoint Ops LLC 21.38K Dec 31, 2025 0.16% $0.00 -15.40%

Shares Statistics

Shares Outstanding: 13.75M
Shares Float: 12.32M
% Insiders: 869.60%
% Institutions: 3,355.70%
Short % Float: 0.64%

🏆 Top 10 Institutional Holders

Rank Holder Name Shares Held % of Shares Change Date Reported
1 BlackRock Inc 932.34K 6.78% ▲ 3.07% Sep 30, 2025
2 Vanguard Group Inc 674.31K 4.90% ▼ 1.22% Dec 31, 2025
3 Goelzer Investment Management Inc 485.06K 3.53% ▲ 1,659.77% Dec 31, 2025
4 Geode Capital Management, LLC 298.85K 2.17% ▼ 0.21% Sep 30, 2025
5 Manufacturers Life Insurance Co 294.84K 2.14% ▼ 0.43% Dec 31, 2025
6 State Street Corp 253.34K 1.84% ▲ 0.20% Sep 30, 2025
7 Dimensional Fund Advisors, Inc. 214.56K 1.56% ▲ 6.28% Dec 31, 2025
8 Mendel Money Management Inc 127.55K 0.93% ▼ 6.66% Dec 31, 2025
9 Gryphon Financial Partners LLC 100.19K 0.73% ▲ 0.00% Dec 31, 2025
10 Northern Trust Corp 96.89K 0.70% ▼ 1.27% Sep 30, 2025

Valuation Metrics

Enterprise Value: $552.25M
Trailing P/E: 10.64
Forward P/E: 15.92

Financial Highlights

Market Cap: $355.57M
P/E Ratio: $10.64
PEG Ratio: $0.00
Book Value: $27.29
Dividend/Share: $0.90
Dividend Yield: 3.28%
Earnings/Share: $2.43
Profit Margin: 27.91%
Operating Margin: 44.83%
ROA (TTM): 0.98%
ROE (TTM): 9.44%
Revenue (TTM): $119.34M
Revenue/Share (TTM): $8.69
Earnings Growth (YOY): 20.40%
Revenue Growth (YOY): 20.00%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Download Financials (Excel)

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios (Yearly)

Financial Ratios (Quarterly)

Earnings History

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-12-31 N/A 0.00x 0.89x 0.61x 0.00x
2024-12-31 0.22x 0.92x 0.90x 0.42x 7.91x
2023-12-31 0.19x 1.04x 0.90x 0.49x 9.63x
2022-12-31 0.19x 0.76x 0.90x 2.82x 5.09x
2021-12-31 0.50x 0.43x 0.04x 4.02x 3.75x
2020-12-31 0.25x 0.19x 0.87x 2.43x 1.63x
2019-12-31 0.20x 0.32x 0.86x 1.54x 2.77x
2018-12-31 0.22x 0.40x 0.87x 2.78x 2.78x
2017-12-31 0.24x 0.33x 0.88x 3.49x 2.22x
2016-12-31 0.27x 0.64x 0.88x 3.86x 4.34x
2015-12-31 0.30x 0.74x 0.88x 3.95x 5.48x
2014-12-31 0.33x 0.49x 0.88x 3.64x 3.58x
2013-12-31 0.40x 0.80x 0.89x 2.74x 5.99x
2012-12-31 0.48x 0.51x 0.88x 2.19x 3.50x
2011-12-31 0.45x 0.61x 0.89x 1.40x 4.80x
2010-12-31 0.04x 0.72x 0.90x 0.86x 5.94x
2009-12-31 0.04x 0.46x 0.89x 0.69x 3.81x
2008-12-31 0.06x 0.53x 0.89x 0.51x 4.45x
2007-12-31 0.06x 0.46x 0.89x 0.49x 3.48x
2006-12-31 0.04x 0.40x 0.88x 0.61x 2.76x
2005-12-31 0.04x 0.26x 0.89x 0.87x 1.60x
2004-12-31 0.04x 0.29x 0.89x 1.05x 1.72x
2003-12-31 0.03x 0.36x 0.89x 0.71x 2.27x
2002-12-31 0.11x 0.16x 0.90x 1.51x 0.77x
2001-12-31 0.11x 0.00x 0.90x 0.87x 0.00x
2000-12-31 0.11x 0.00x 0.90x 0.71x 0.00x
1999-12-31 0.08x 0.00x 0.90x 0.75x 0.00x
1998-12-31 0.08x 0.03x 0.90x 0.69x 0.15x

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Jan 20, 2026 Robert E. Latta N/A Purchase N/A $25.31 N/A
Nov 05, 2025 Ian D Boyce N/A Purchase 404.00 $24.66 $9.96K
Oct 31, 2025 Ian D Boyce N/A Purchase 150.00 $23.37 $3.51K
Oct 20, 2025 Robert E. Latta N/A Purchase N/A $24.84 N/A
Jul 20, 2025 Robert E. Latta N/A Purchase N/A $25.94 N/A
Jun 05, 2025 Robert E. Latta N/A Purchase N/A $22.83 N/A
May 29, 2025 Ian D Boyce N/A Purchase 210.00 $24.06 $5.05K

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