Farmers & Merchants Bancorp, Inc. (FMAO)

Over the past six months, Farmers & Merchants Bancorp, Inc. (FMAO) stock has declined between 2.79% and 4.66%. As of December 30, 2025, the share price was $24.95, a 12.52% decrease from the previous year. In December 2025, a quarterly cash dividend of $0.23 per share was declared. An insider stock purchase occurred on October 31, 2025, with Planson acquiring 2,329 shares. In November 2025, FMAO disclosed a new risk related to regulatory scrutiny on consumer fees. Board of Directors updates occurred throughout 2024 and 2025, including appointments, retirements, resignations, and executive promotions.

The banking industry, including Farmers & Merchants Bancorp, experiences seasonal trends in loan demand, with low points in January and February, increasing through July, and peaking in August or September. This seasonality is influenced by interest rates and events like the spring home-buying season. Agricultural lending, a significant part of FMAO's business, sees increased demand in the spring due to farmers' needs for production items.

Farmers & Merchants Bancorp, Inc. (FMAO) is a bank holding company based in Archbold, Ohio, operating through its subsidiary, The Farmers & Merchants State Bank, as a local independent community bank within the Financial Services sector. FMAO provides a range of financial products and services, including deposit services like checking, savings, and certificates of deposit, as well as custodial services for retirement and health savings accounts. The company's lending activities cover commercial, agricultural, and residential mortgage loans, alongside consumer lending products for various needs, including farmland, equipment, and vehicles. Additionally, FMAO offers commercial real estate loans, lines of credit, and modern banking services such as online and mobile banking.

Farmers & Merchants Bancorp, Inc. primarily operates in Northwest Ohio and Northeast Indiana, servicing 38 full-service offices across multiple counties in Ohio and Indiana. The company's Michigan footprint includes Oakland County, and it maintains Loan Production Offices in Muncie, Indiana; Bryan, Perrysburg, Ohio; and West Bloomfield, Michigan.

Farmers & Merchants Bancorp (FMAO) has a strong brand reputation, scoring higher than 81% of companies in the finance sector per MarketBeat MarketRank™. The company is recognized for its dividend leadership, increasing its annual cash dividend for 30 consecutive years. A disclosure in November 2025 regarding potential financial challenges due to evolving regulatory scrutiny on consumer fees and operational risks could be perceived as a concern for financial performance.

Farmers & Merchants Bancorp, Inc. has 206 institutional owners and shareholders holding 4,772,171 shares. Major institutional owners include BlackRock, Inc. and Vanguard Group Inc. Institutional ownership accounts for 22.01% of the company, while individuals hold 8.9%.