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Saturday 17 October 2026 Export FMAO’s income statement to Excel — free account

Farmers & Merchants Bancorp Inc.

FMAO Financial Banks Regional

Farmers & Merchants Bancorp Inc.’s revenue for fiscal 2025 (year ended December 2025) was $190.7 million, up 6.41% from fiscal 2024. In the quarter to June 2026, revenue grew 7.70%, EPS grew 53.6%, free cash flow grew 2,792.3% and total debt fell 10.6%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for ten; insiders bought in the last twelve months.

35.54 0.42 +1.20%
Market cap
$483.7M
P/E
12.2×
Fwd P/E
10.0×
Dividend yield
2.62%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Farmers & Merchants Bancorp Inc. (FMAO) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Farmers & Merchants Bancorp Inc. (FMAO) trades at a P/E ratio of 12.2×. Over the past ten years it has ranged from 7.8× (May 2023) to 32.8× (September 2017); the current reading is higher than 34% of that period. That is in line with the Banks Regional industry median of 12.0× and in line with the Financial sector median of 12.4×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 10.2× (34.10%)
FY2024 15.5× 8.58%
FY2023 14.3× 34.29%
FY2022 10.6× (35.24%)
FY2021 16.4× 28.46%
FY2020 12.8× (29.65%)
FY2019 18.2× (24.03%)
FY2018 23.9× (17.68%)
FY2017 29.0× 109.92%
FY2016 13.8× 15.20%

Quarterly newest first

Period P/E ratio Change
Jun 2026 10.5× 6.85%
Mar 2026 9.8× (3.72%)
Dec 2025 10.2× (5.24%)
Sep 2025 10.8× (7.89%)
42 more quarters

Against its own ten years

Low 7.8× High 32.8×
Ten-year median 13.1×
Current reading's percentile 32

P/E ratio against peers

Company P/E ratio
COFS ChoiceOne Financial Services, Inc. compare 9.1×
OBT Orange County Bancorp, Inc. compare 10.5×
HBCP Home Bancorp, Inc. compare 10.9×
BSRR Sierra Bancorp compare 11.6×
BWFG Bankwell Financial Group, Inc. compare 12.1×
FMAO Farmers & Merchants Bancorp Inc. 12.2×
WTBA West Bancorporation, Inc. compare 12.9×
PDLB Ponce Financial Group, Inc. compare 14.2×
CZNC Citizens & Northern Corp compare 17.3×
Banks Regional industry median 12.0×
Financial sector median 12.4×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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