Dashboard Tools Market News Investing Ideas Pricing About Us
Sign Up
Log in
Farmers & Merchants Bancorp Inc banner

Farmers & Merchants Bancorp Inc
NASDAQ:FMAO

Watchlist Manager
Farmers & Merchants Bancorp Inc Logo
Farmers & Merchants Bancorp Inc
NASDAQ:FMAO
Watchlist
Price: 27.56 USD -0.86% Market Closed
Market Cap: $379m
Write Note Create Alert Ask AI
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Net Interest Income
+
3Y
+18%
5Y
+74%
10Y
+233%
Non Interest Income
+
3Y
+4%
5Y
+17%
10Y
+55%
Net Income
+
3Y
-4%
5Y
+75%
10Y
+210%

Income Statement
Farmers & Merchants Bancorp Inc

Rotate your device to view
Income Statement
Currency: USD
Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Net Interest Income
26
27
27
28
28
28
28
29
29
29
29
28
29
28
28
28
27
27
26
26
27
27
28
29
30
30
30
30
30
31
32
33
34
34
35
35
36
37
38
39
40
43
47
50
54
55
55
57
60
61
62
66
70
74
80
84
87
89
87
84
81
80
81
83
86
90
94
99
Interest Income
44
43
42
42
41
41
40
40
40
39
38
37
37
35
35
35
33
33
32
31
31
32
32
33
34
33
33
33
34
34
36
37
38
38
39
40
41
43
44
45
46
51
58
63
68
70
69
69
70
69
70
73
77
82
88
94
101
111
121
131
140
147
154
160
164
166
168
171
Interest Expense
18
16
15
14
13
13
12
12
11
10
9
9
8
8
7
7
6
6
5
5
5
4
4
4
4
4
4
4
4
4
4
4
4
4
5
5
5
5
6
6
7
8
10
13
15
15
14
12
10
9
8
7
7
8
8
10
14
22
34
47
58
67
73
77
78
76
74
71
Non Interest Income
7
7
7
7
8
8
8
9
8
8
7
7
7
8
9
10
11
12
12
12
11
10
10
10
10
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
12
12
12
13
14
17
19
19
19
18
17
16
16
16
15
16
16
16
16
15
16
16
16
16
17
Revenue
32
N/A
33
+4%
34
+2%
35
+2%
36
+3%
36
+1%
37
+1%
38
+3%
37
-1%
37
-1%
36
-2%
35
-4%
35
+1%
36
+1%
37
+3%
38
+3%
38
+1%
38
+0%
38
0%
38
0%
38
-1%
38
0%
38
+2%
39
+3%
40
+1%
40
+1%
41
+0%
41
N/A
41
+1%
42
+2%
43
+3%
44
+3%
45
+2%
45
+1%
46
+1%
46
+1%
47
+1%
48
+3%
49
+2%
50
+2%
51
+2%
54
+6%
59
+9%
62
+6%
65
+5%
67
+3%
67
+1%
71
+5%
77
+8%
79
+4%
82
+3%
84
+3%
87
+3%
91
+5%
96
+6%
100
+4%
102
+2%
104
+2%
103
-1%
100
-3%
97
-3%
96
-2%
96
+1%
99
+2%
102
+3%
106
+4%
110
+4%
116
+5%
Pre-Tax Income
Loan Loss Provision
(2)
(2)
(3)
(4)
(4)
(5)
(6)
(5)
(5)
(4)
(3)
(2)
(2)
(1)
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(3)
(1)
0
(3)
(2)
(3)
(2)
(3)
(4)
(5)
(5)
(3)
(2)
(2)
(0)
(1)
(1)
(0)
(1)
(1)
(2)
Non Interest Expense
(21)
(22)
(22)
(22)
(23)
(23)
(23)
(23)
(23)
(22)
(22)
(22)
(22)
(22)
(23)
(23)
(24)
(24)
(24)
(24)
(24)
(24)
(25)
(25)
(25)
(26)
(26)
(26)
(26)
(26)
(27)
(27)
(27)
(28)
(28)
(28)
(29)
(29)
(30)
(31)
(32)
(36)
(38)
(41)
(42)
(42)
(44)
(46)
(50)
(50)
(51)
(54)
(54)
(55)
(55)
(55)
(57)
(61)
(64)
(68)
(67)
(68)
(69)
(69)
(69)
(70)
(72)
(74)
Pre-Tax Income
9
N/A
9
+2%
9
-9%
8
-9%
9
+17%
8
-9%
8
-2%
9
+16%
9
0%
10
+9%
11
+4%
10
-2%
11
+9%
12
+7%
14
+11%
14
+4%
14
-3%
14
-1%
13
-2%
13
-4%
13
-2%
12
-3%
12
+1%
13
+5%
14
+5%
14
+3%
14
+1%
14
+1%
14
+1%
14
+1%
15
+5%
16
+4%
16
+4%
17
+4%
17
+2%
17
+1%
18
+3%
19
+3%
19
+3%
19
+1%
18
-5%
18
-4%
20
+15%
21
+4%
23
+9%
24
+5%
22
-7%
23
+2%
25
+11%
26
+5%
27
+1%
29
+7%
30
+3%
34
+14%
38
+12%
41
+10%
41
-2%
38
-5%
36
-7%
30
-15%
28
-7%
27
-4%
27
-1%
29
+8%
33
+13%
35
+6%
37
+7%
40
+8%
Net Income
Tax Provision
(3)
(3)
(2)
(2)
(3)
(2)
(2)
(2)
(2)
(3)
(3)
(3)
(3)
(3)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(3)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(4)
(3)
(3)
(4)
(4)
(4)
(5)
(4)
(5)
(5)
(5)
(6)
(6)
(6)
(7)
(8)
(8)
(8)
(8)
(7)
(6)
(6)
(5)
(5)
(6)
(7)
(7)
(8)
(8)
Income from Continuing Operations
7
7
6
6
7
6
6
7
7
8
8
8
9
9
10
10
10
10
9
9
9
9
9
9
10
10
10
10
10
10
11
11
12
12
12
12
13
14
15
15
15
14
16
17
18
19
18
18
20
21
21
23
24
27
30
33
33
31
29
24
23
22
21
23
26
28
30
32
Net Income (Common)
7
N/A
7
+3%
6
-9%
6
-8%
7
+15%
6
-7%
6
-1%
7
+15%
7
N/A
8
+10%
8
+3%
8
-2%
9
+9%
9
+4%
10
+11%
10
+4%
10
-3%
10
-1%
9
-2%
9
-4%
9
-2%
9
-3%
9
+2%
9
+5%
10
+4%
10
+4%
10
+0%
10
+1%
10
+2%
10
+1%
11
+4%
11
+4%
12
+4%
12
+3%
12
+2%
12
+2%
13
+2%
14
+7%
14
+7%
15
+5%
15
-2%
14
-4%
16
+15%
17
+2%
18
+9%
19
+5%
18
-7%
18
+1%
20
+11%
21
+4%
21
+1%
22
+7%
23
+4%
26
+14%
30
+12%
33
+10%
32
-2%
31
-5%
28
-7%
24
-15%
23
-7%
21
-5%
21
-2%
23
+8%
25
+11%
27
+6%
29
+7%
31
+8%
EPS (Diluted)
0.69
N/A
0.71
+3%
0.65
-8%
0.6
-8%
0.7
+17%
0.64
-9%
0.63
-2%
0.73
+16%
0.74
+1%
0.81
+9%
0.84
+4%
0.83
-1%
0.91
+10%
0.94
+3%
1.04
+11%
1.08
+4%
1.04
-4%
1.03
-1%
1.01
-2%
0.97
-4%
0.96
-1%
0.92
-4%
0.95
+3%
1
+5%
1.03
+3%
1.08
+5%
1.08
N/A
1.09
+1%
1.11
+2%
1.13
+2%
1.17
+4%
1.22
+4%
1.26
+3%
1.31
+4%
1.34
+2%
1.36
+1%
1.37
+1%
1.48
+8%
1.57
+6%
1.64
+4%
1.61
-2%
1.29
-20%
1.48
+15%
1.51
+2%
1.66
+10%
1.73
+4%
1.6
-8%
1.62
+1%
1.8
+11%
1.88
+4%
1.9
+1%
2.03
+7%
2.01
-1%
2.04
+1%
2.26
+11%
2.52
+12%
2.46
-2%
2.27
-8%
2.12
-7%
1.79
-16%
1.67
-7%
1.53
-8%
1.5
-2%
1.63
+9%
1.9
+17%
1.99
+5%
2.14
+8%
2.3
+7%

See Also

Summary
FMAO intrinsic value, competitors valuation, and company profile.
DCF Valuation
FMAO stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FMAO stock valuation using valuation multiples.
Wall Street Estimates
FMAO price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FMAO stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 319,500+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.