Farmers & Merchants Bancorp IncFMAO
What Farmers & Merchants Bancorp Inc does.
Farmers & Merchants Bancorp, Inc. (Company) is a bank holding company incorporated under the laws of Ohio in 1985 and elected to become a financial holding company under the Federal Reserve in 2014. Our primary subsidiary, The Farmers & Merchants State Bank (Bank) is a local independent community bank that has been primarily serving Northwest Ohio, Northeast Indiana and Southeast Michigan since 1897. Our other subsidiary, Farmers & Merchants Risk Management (Captive) was a captive insurance company formed in December 2014, located in Nevada and dissolved in December 2023. The Bank includes F&M Insurance Agency, LLC, a subsidiary offering insurance products, which was formed in November 2023. We report our financial condition and net income on a consolidated basis and have only one segment.
For a discussion of the general development of the Company’s business throughout 2025, please see the portion of Management’s Discussion and Analysis of Financial Condition and Results of Operations captioned “2025 in Review.”
The Farmers & Merchants State Bank engages in general commercial banking and savings business including commercial, agricultural and residential mortgage as well as consumer lending activities. Because the Bank's offices are primarily located in
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $76.6M | $87.1M | $102.6M | $97.3M | $101.5M | $121.4M |
| Net income | $20.1M | $23.5M | $32.5M | $22.8M | $25.9M | $33.3M |
| Free cash flow | $24.2M | $32.8M | $38.1M | $11.2M | $30.6M | $35.0M |
More on FMAO.
- Farmers & Merchants Bancorp Inc summary
- Farmers & Merchants Bancorp Inc financial statements
- Farmers & Merchants Bancorp Inc key metrics
- Farmers & Merchants Bancorp Inc health scores and style box
- Farmers & Merchants Bancorp Inc earnings
- Farmers & Merchants Bancorp Inc dividends
- Farmers & Merchants Bancorp Inc valuation
- Farmers & Merchants Bancorp Inc ownership and insiders
- Farmers & Merchants Bancorp Inc peers
Figures from Farmers & Merchants Bancorp Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.