Earnings summaries and quarterly performance for FARMERS & MERCHANTS BANCORP.
Executive leadership at FARMERS & MERCHANTS BANCORP.
Lars Eller
Detailed
President and Chief Executive Officer
CEO
BB
Barbara Britenriker
Detailed
Executive Vice President and Chief Financial Officer
DG
David Gerken
Detailed
Executive Vice President and Chief Lending Officer
EF
Eric Faust
Detailed
Senior Vice President and Chief Risk Officer
SS
Shalini Singhal
Detailed
Senior Vice President and Chief Information Officer
Board of directors at FARMERS & MERCHANTS BANCORP.
AA
Ahmed Alomari
Detailed
Director
AB
Andrew Briggs
Detailed
Chairman of the Board
DV
David Vernon
Detailed
Director
FS
Frank Simon
Detailed
Director
IB
Ian Boyce
Detailed
Director
KF
Kevin Frey
Detailed
Director
KS
Kevin Sauder
Detailed
Vice Chairman of the Board
LJ
Lori Johnston
Detailed
Director
ML
Marcia Latta
Detailed
Director
SP
Steven Planson
Detailed
Director
Research analysts covering FARMERS & MERCHANTS BANCORP.
Recent press releases and 8-K filings for FMAO.
Farmers & Merchants Bancorp, Inc. Reports Strong Q3 2025 Financial Results
FMAO
Earnings
Dividends
- Farmers & Merchants Bancorp, Inc. reported a 35.9% increase in net income for the third quarter of 2025, reaching $8.9 million, or $0.64 per basic and diluted share.
- The company achieved its 90th consecutive quarter of profitability.
- Net interest margin improved by 69 basis points year-over-year to 3.40% for Q3 2025.
- Total loans, net, increased by 4.9% to $2.66 billion at September 30, 2025, while total deposits grew by 2.5% to $2.75 billion.
- The efficiency ratio improved to 63.11% from 67.98% in the prior year period, and the company declared its 31st consecutive annual increase in its regular dividend payment.
Oct 27, 2025, 1:19 PM
Farmers & Merchants Bancorp, Inc. Reports Strong Q3 2025 Financial Results
FMAO
Earnings
Dividends
- Net income for the third quarter of 2025 increased 35.9% year-over-year to $8.9 million, or $0.64 per basic and diluted share. Year-to-date net income was $23.5 million, or $1.71 per basic and diluted share.
- The net interest margin improved by 69 basis points year-over-year to 3.40% for the third quarter of 2025.
- At September 30, 2025, total loans, net grew 4.9% to $2.66 billion, and total deposits increased 2.5% to $2.75 billion compared to September 30, 2024.
- The efficiency ratio improved to 63.11% in Q3 2025, compared to 67.98% in the prior year period.
- The company declared its 31st consecutive annual increase in its regular dividend payment, with a cash dividend of $0.2275 per share for Q3 2025, representing a 2.8% increase over the same period last year.
Oct 27, 2025, 1:05 PM
Farmers-Merchants Bank & Trust to be Acquired by Merchants & Marine Bancorp
FMAO
M&A
Takeover Bid
- Merchants & Marine Bancorp, Inc. has entered into a definitive agreement to acquire Farmers-Merchants Bank & Trust Company (FM Bank) in an all-cash transaction.
- The merger, unanimously approved by both companies' boards of directors, is expected to close in the second quarter of 2026, pending regulatory and FM Bank shareholder approvals.
- FM Bank, which has almost $450 million in assets and is headquartered in Breaux Bridge, Louisiana, will continue to operate under its established brand as a division of Merchants & Marine Bank, with its current President and CEO, Fred Mills, remaining in his leadership role.
Oct 24, 2025, 11:00 PM
Farmers & Merchants Bancorp Reports Record Third Quarter 2025 Earnings
FMAO
Earnings
Dividends
Share Buyback
- Farmers & Merchants Bancorp (FMCB) reported record third quarter 2025 net income of $23.7 million, an increase of 7.22% compared to the third quarter of 2024, with diluted earnings per share of $33.92, up 13.22% from the prior year's third quarter.
- The company's tangible book value per share increased 9.8% to $877.13 as of September 30, 2025, compared to $799.04 as of September 30, 2024.
- FMCB maintained a strong capital position with a preliminary total risk-based capital ratio of 15.76% and a common equity tier 1 ratio of 14.28% as of September 30, 2025, exceeding regulatory requirements for "well-capitalized" banks.
- Credit quality remained resilient with a net charge-off ratio of 0.03% and a non-accrual loan and leases ratio of 0.03% for the third quarter of 2025.
- The company authorized an increase of $45.0 million to its existing share repurchase program and changed its dividend policy from semi-annually to quarterly.
Oct 16, 2025, 1:00 PM
Farmers & Merchants Bancorp Discusses Growth Strategy, Asset Quality, and Financial Targets
FMAO
M&A
New Projects/Investments
Guidance Update
- Farmers & Merchants Bancorp (FMAO) manages $3.4 billion in assets, demonstrating robust growth with a 16% CAGR in asset growth and 7% CAGR in net income over the last ten years. The company has also consistently rewarded shareholders by raising its dividend for thirty consecutive years.
- The bank has achieved significant expansion, tripling in size over the last seven years through a balanced strategy of $1.2 billion in organic growth and $1.2 billion through acquisitions. This includes successful De Novo offices, which have generated over $80 million in deposits from four new branches.
- FMAO highlights its strong asset quality, evidenced by 0% net charge-offs and a 30-90 day pass-through of 14 basis points, positioning it in the top 5 percentile of its peer group. The lending portfolio is diversified, with over 51% in commercial real estate and a strategic 50/50 fixed and variable loan mix.
- The company's Net Interest Margin (NIM) has improved from approximately 2.63% to 3.13% , with expectations for further expansion if interest rates drop by another 100 basis points. FMAO is targeting a 1.25% Return on Assets (ROA), an efficiency ratio in the 50s, and a NIM of 3.25% or better.
- A key differentiator is FMAO's agribusiness, which constitutes 25% of the loan book, characterized by low delinquency rates around 30 basis points and 95% of customers having crop insurance. The bank also diversifies revenue through non-interest income streams like treasury management, card contracts, and nearly $400 million in Assets Under Management (AUM) from its investment business.
Sep 18, 2025, 6:30 PM
FMAO Discusses Growth Strategy, Asset Quality, and Future Outlook at Sidoti Conference
FMAO
M&A
Dividends
New Projects/Investments
- Farmers & Merchants Bancorp (FMAO) reported approximately $3.4 billion in assets, achieving a 16% CAGR in asset growth and over 7% CAGR in net income over the last 10 years.
- The bank has tripled in size over the past seven years through a 50/50 mix of organic growth and acquisitions, including successful de novo offices and loan production offices that have contributed to significant deposit and loan growth.
- FMAO boasts strong asset quality with 0% net charge-offs and a 30- to 90-day past due rate of 14 basis points, positioning it in the top 5 percentile of its peer groups.
- The company's net interest margin (NIM) has improved to 313 from around 263 and is projected to expand further with a 100 basis point drop in interest rates, targeting a NIM of 325 or better and a return on assets (ROA) of 125.
- Strategic priorities include enhancing profitability, controlling growth, and improving efficiency, with the efficiency ratio currently around 63% and a goal to reach the 50s.
Sep 18, 2025, 6:30 PM
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