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FARMERS & MERCHANTS BANCORP (FMAO)

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Earnings summaries and quarterly performance for FARMERS & MERCHANTS BANCORP.

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