Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking account services, as well as savings and time deposit services, such as certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer and credit card lending products; loans for farm land, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as operation lines of credit and machinery purchase loans. Further, it provides automated teller machine services; and online banking, remote deposit capture or electronic deposit processing, merchant credit card, and mobile banking services; and electronic transaction origination, such as wire and automated clearing house file transmittal services. As of February 10, 2021, the company operated through 30 offices. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.
IPO Year:
Exchange: NASDAQ
Website: fm.bank
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/12/2024 | $24.00 | Neutral | Piper Sandler |
| 4/5/2024 | $22.00 | Market Perform | Hovde Group |
| 7/28/2023 | $24.00 → $23.50 | Neutral → Underweight | Piper Sandler |
| 12/21/2022 | $30.00 | Neutral | Janney |
| 10/21/2022 | $27.00 | Underweight → Neutral | Piper Sandler |
| 4/22/2022 | $36.50 → $41.00 | Neutral → Underweight | Piper Sandler |
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ARCHBOLD, Ohio, Oct. 31, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), is proud to announce the appointment of Amy Cover to Chief Marketing & Experience Officer (CMXO). In this expanded role, Cover will continue to lead the Bank's marketing and brand initiatives while overseeing customer experience and internal communications to ensure a consistent, meaningful connection between F&M's brand, employees, and customers. "Amy has been instrumental in shaping how F&M tells its story and engages with our communities," said Lars Eller, President and CEO of F&M Bank. "Her leadership and creativity have helped us b
ARCHBOLD, Ohio, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) today reported financial results for the 2025 third quarter and year-to-date ended September 30, 2025 on a consolidated basis. 2025 Third Quarter Financial and Operating Highlights(at September 30, 2025 and on a year-over-year basis unless noted) 90 consecutive quarters of profitabilityNet income increased 35.9% to $8.9 million, or $0.64 per basic and diluted shareNet interest margin increased 69 basis points year-over-year to 3.40%Total loans, net increased by $123.0 million, or 4.9% to $2.66 billionTotal deposits increased by $67.1 million, or 2.5% to $2.75 billionEfficiency ratio improved
ARCHBOLD, Ohio, Oct. 20, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), is pleased to announce the addition of Mike Benson as Senior Vice President, Senior Small Business Banking Manager. This newly created position will facilitate F&M's strategy to support small businesses across its growing footprint in Ohio, Indiana, and Michigan. With 40 years of banking experience, Benson brings a wealth of leadership and expertise in credit management, retail banking, and business banking development. In this new role, he will help strengthen F&M's small business lending programs and establish the processes, procedure
ARCHBOLD, Ohio, Sept. 30, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (NASDAQ:FMAO) the holding company of F&M Bank, with total assets of $3.35 billion at June 30, 2025, today announced that it has approved the Company's quarterly cash dividend of $0.2275 per share. The third-quarter dividend is payable on October 20, 2025, to shareholders of record as of October 10, 2025. The $0.2275 per share cash dividend reflects a $0.00625 per share, or 2.82% increase in the quarterly dividend and a $0.025 per share increase in the Company's annual dividend. This represents the 31st consecutive annual increase in the Company's regular dividend payment. Lars
ARCHBOLD, Ohio, Sept. 11, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), is proud to announce the promotion of Curtis Metz to Market President for Northern Indiana. Metz, who has been with F&M for nearly 14 years, has built a strong and successful career in commercial banking. He has cultivated a diverse and loyal customer base across Northern Indiana and has served on F&M's Commercial Loan and Deposit Rate Committees. A 2015 graduate of the Graduate School of Banking at the University of Wisconsin - Madison, Metz also recently completed the Greater Fort Wayne Inc. Leadership Fort Wayne program, underscori
ARCHBOLD, Ohio, Aug. 18, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), is inviting the community to put on their detective hats for a high-stakes summer challenge, $5,000 for a lucky hunter and $5,000 for a local charity. The Great Briefcase Hunt kicked off Monday, August 18, 2025, and dares residents across the F&M footprint to follow a series of weekly clues leading to a hidden briefcase in a local park. "It's time to join the hunt," said Amy Cover, Chief Marketing Officer at F&M Bank. "We are creating an adventure that sparks excitement, brings people outside, connects neighbors, a
ARCHBOLD, Ohio, Aug. 07, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), today announced the opening of its second full-service office in Michigan. The new office is located at 3001 W. Big Beaver Rd., #108, Troy, Michigan 48084. "We're excited to continue our growth in Michigan with the opening of our new full-service office in Troy. This expansion reflects our long-term commitment to serving the greater Detroit area and reinforces our relationship-based approach to banking," said Lars Eller, President and CEO of F&M Bank. "Following the success of our Birmingham office, we believe Troy offers a dynamic oppo
ARCHBOLD, Ohio, July 28, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) today reported financial results for the 2025 second quarter and year-to-date ended June 30, 2025. 2025 Second Quarter Financial and Operating Highlights(at June 30, 2025 and on a year-over-year basis unless noted) 89 consecutive quarters of profitabilityNet income increased 35.7% to $7.7 million, or $0.56 per basic and diluted shareNet interest margin expands for fourth consecutive quarter, up 51 basis points year-over-year to 3.22%Total loans increased by $67.2 million, or 2.6% to $2.63 billionTotal assets increased by $23.1 million, or 0.7% to $3.35 billionTotal deposits increased by $69.
ARCHBOLD, Ohio, July 18, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), announced that Andrew Briggs, Chairman of the Board, will step down from his position as part of a plan he initiated. Briggs, who has served on the Board for seven years and as Chairman since 2024, will continue serving as a director through his retirement from the Board in 2026 and will work closely with newly appointed Chairman, Kevin J. Sauder, to ensure a seamless transition. Sauder, who currently serves as Vice Chairman of the Board and is Retired President & CEO of Sauder Woodworking Co., has been named Chairman of the Board, ef
ARCHBOLD, Ohio, June 25, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), announces the appointment of Ahmed Alomari to the Board of Directors of both the Company and the Bank. Mr. Alomari was appointed by the F&M Board of Directors on June 24, 2025, at the monthly board meeting. Mr. Alomari is widely recognized for his expertise in Oracle database performance and enterprise systems architecture. He founded Cybernoor in 2007 and remained CEO until it was acquired in 2021 by Buchanan Technologies [Cybernoor Info]. As part of the acquisition, Alomari became the Executive Vice President for Buchanan Technologies
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Piper Sandler resumed coverage of Farmers and Merchants with a rating of Neutral and set a new price target of $24.00
Hovde Group initiated coverage of Farmers and Merchants with a rating of Market Perform and set a new price target of $22.00
Piper Sandler downgraded Farmers and Merchants from Neutral to Underweight and set a new price target of $23.50 from $24.00 previously
Janney initiated coverage of Farmers and Merchants with a rating of Neutral and set a new price target of $30.00
Piper Sandler upgraded Farmers and Merchants from Underweight to Neutral and set a new price target of $27.00
Piper Sandler downgraded Farmers and Merchants from Neutral to Underweight and set a new price target of $41.00 from $36.50 previously
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ARCHBOLD, Ohio, Oct. 31, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), is proud to announce the appointment of Amy Cover to Chief Marketing & Experience Officer (CMXO). In this expanded role, Cover will continue to lead the Bank's marketing and brand initiatives while overseeing customer experience and internal communications to ensure a consistent, meaningful connection between F&M's brand, employees, and customers. "Amy has been instrumental in shaping how F&M tells its story and engages with our communities," said Lars Eller, President and CEO of F&M Bank. "Her leadership and creativity have helped us b
ARCHBOLD, Ohio, Aug. 18, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), is inviting the community to put on their detective hats for a high-stakes summer challenge, $5,000 for a lucky hunter and $5,000 for a local charity. The Great Briefcase Hunt kicked off Monday, August 18, 2025, and dares residents across the F&M footprint to follow a series of weekly clues leading to a hidden briefcase in a local park. "It's time to join the hunt," said Amy Cover, Chief Marketing Officer at F&M Bank. "We are creating an adventure that sparks excitement, brings people outside, connects neighbors, a
ARCHBOLD, Ohio, July 18, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), announced that Andrew Briggs, Chairman of the Board, will step down from his position as part of a plan he initiated. Briggs, who has served on the Board for seven years and as Chairman since 2024, will continue serving as a director through his retirement from the Board in 2026 and will work closely with newly appointed Chairman, Kevin J. Sauder, to ensure a seamless transition. Sauder, who currently serves as Vice Chairman of the Board and is Retired President & CEO of Sauder Woodworking Co., has been named Chairman of the Board, ef
ARCHBOLD, Ohio, June 25, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), announces the appointment of Ahmed Alomari to the Board of Directors of both the Company and the Bank. Mr. Alomari was appointed by the F&M Board of Directors on June 24, 2025, at the monthly board meeting. Mr. Alomari is widely recognized for his expertise in Oracle database performance and enterprise systems architecture. He founded Cybernoor in 2007 and remained CEO until it was acquired in 2021 by Buchanan Technologies [Cybernoor Info]. As part of the acquisition, Alomari became the Executive Vice President for Buchanan Technologies
ARCHBOLD, Ohio, May 20, 2025 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), today announced that Jo Ellen Hornish has resigned from the Company's Board of Directors following its May 20, 2025, board meeting. Since 2013, Mrs. Hornish has served as a valued member of the Board, contributing her business acumen and leadership experience to the Company's strategic vision. Her insights, particularly in the transportation and manufacturing industries, along with her service on the Audit Committee and the Corporate Governance and Nominating Committee, have helped guide the Bank through important growth and development
ARCHBOLD, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announces the retirement of Eugene Burkholder from its Board of Directors, effective December 17, 2024. Mr. Burkholder has served as an independent director on F&M's Board since March 2012, contributing over a decade of dedicated leadership and expertise that has been pivotal to the Bank's growth. "The Board extends its heartfelt gratitude for Gene's years of service and unwavering commitment to the Bank," said F&M's Chairman Andrew Briggs. "His leadership has been an inspiration, and his legacy will continue to guide the Bank's efforts
ARCHBOLD, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announces the retirement of Board Chairman, Jack Johnson. Mr. Johnson was appointed to the Company's Board in January 1991. He was Vice Chairman from April 2013 to July 2013 and became Chairman of the Board of Directors on July 19, 2013, a position he held until April 30, 2024. An official celebration of his retirement from the board was held on May 21, 2024, after reaching the maximum age requirement as outlined in F&M's bylaws. Lars Eller, President and Chief Executive Officer, commented, "Over his remarkable tenure, Jack has been inst
ARCHBOLD, Ohio, May 03, 2024 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced the appointment of Andrew Briggs as Chairman of the Board of both the Company and the Bank. As part of F&M's comprehensive succession plan, current Board Chairman Jack Johnson will retire later this month after reaching the maximum age requirement as set forth in F&M's bylaws. Kevin Sauder, President and CEO of Sauder Woodworking Company, will continue to serve as Vice Chairman of the Boards of Farmers & Merchants Bancorp, Inc. and F&M Bank. Lars Eller, President and Chief Executive Officer, commented, "On behalf of everyone at
ARCHBOLD, Ohio, Dec. 19, 2023 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) today announced the appointment of Ian D. Boyce to the Board of Directors of both the Company and the Bank. With the addition of Mr. Boyce, the Board of Directors will now have 13 total members. Mr. Boyce is a founding member and managing partner of Dickmeyer Boyce Financial Management, a fee-only financial planning and wealth management firm based in Fort Wayne, Indiana with an additional office in Milwaukee, Wisconsin. Established in 2002, Dickmeyer Boyce provides asset management, comprehensive financial planning and retirement adviso
ARCHBOLD, Ohio, Sept. 21, 2023 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced the appointment of Doug Shaw, Jr. as the Regional President of its Southern Ohio market. Lars Eller, President and Chief Executive Officer stated, "Doug has been a valuable member of F&M's Commercial Lending team for nearly 10 years. His knowledge of our products and incredible leadership skills will greatly benefit F&M as we remain community-vested across Southern Ohio." Doug will be accountable for F&M's Southern Ohio region, including Sidney, Findlay, Anna, Jackson Center and Urbana. "I'm eager to move to the area and get
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ARCHBOLD, Ohio, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) today reported financial results for the 2025 third quarter and year-to-date ended September 30, 2025 on a consolidated basis. 2025 Third Quarter Financial and Operating Highlights(at September 30, 2025 and on a year-over-year basis unless noted) 90 consecutive quarters of profitabilityNet income increased 35.9% to $8.9 million, or $0.64 per basic and diluted shareNet interest margin increased 69 basis points year-over-year to 3.40%Total loans, net increased by $123.0 million, or 4.9% to $2.66 billionTotal deposits increased by $67.1 million, or 2.5% to $2.75 billionEfficiency ratio improved
ARCHBOLD, Ohio, Sept. 30, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (NASDAQ:FMAO) the holding company of F&M Bank, with total assets of $3.35 billion at June 30, 2025, today announced that it has approved the Company's quarterly cash dividend of $0.2275 per share. The third-quarter dividend is payable on October 20, 2025, to shareholders of record as of October 10, 2025. The $0.2275 per share cash dividend reflects a $0.00625 per share, or 2.82% increase in the quarterly dividend and a $0.025 per share increase in the Company's annual dividend. This represents the 31st consecutive annual increase in the Company's regular dividend payment. Lars
ARCHBOLD, Ohio, July 28, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) today reported financial results for the 2025 second quarter and year-to-date ended June 30, 2025. 2025 Second Quarter Financial and Operating Highlights(at June 30, 2025 and on a year-over-year basis unless noted) 89 consecutive quarters of profitabilityNet income increased 35.7% to $7.7 million, or $0.56 per basic and diluted shareNet interest margin expands for fourth consecutive quarter, up 51 basis points year-over-year to 3.22%Total loans increased by $67.2 million, or 2.6% to $2.63 billionTotal assets increased by $23.1 million, or 0.7% to $3.35 billionTotal deposits increased by $69.
ARCHBOLD, Ohio, June 24, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (NASDAQ:FMAO) the holding company of F&M Bank, with total assets of $3.39 billion at March 31, 2025, today announced that it has approved the Company's quarterly cash dividend of $0.22125 per share. The second-quarter dividend is payable on July 20, 2025, to shareholders of record as of July 7, 2025. For over 50 years, F&M has paid a quarterly dividend and has increased its annual dividend for 30 consecutive years reflecting the Company's long-standing commitment to return capital to shareholders. About Farmers & Merchants State Bank:F&M Bank is a local independent community
ARCHBOLD, Ohio, April 28, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) today reported financial results for the 2025 first quarter ended March 31, 2025. 2025 First Quarter Financial and Operating Highlights(at March 31, 2025 and on a year-over-year basis unless noted) 88 consecutive quarters of profitabilityTotal interest income increased 6.1% to $41.0 million, driven by a 19-basis point improvement in the yield on earning assets and a higher average loan balanceTotal loans increased by $40.5 million, or 1.6% to $2.58 billionTotal assets increased by $101.2 million, or 3.1% to $3.39 billionTotal deposits increased by $78.9 million, or 3.0% to $2.70
ARCHBOLD, Ohio, March 25, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (NASDAQ:FMAO) the holding company of F&M Bank, with total assets of $3.36 billion at December 31, 2024, today announced that it has approved the Company's quarterly cash dividend of $0.22125 per share. The first-quarter dividend is payable on April 20, 2025, to shareholders of record as of April 4, 2025. About Farmers & Merchants State Bank:Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) is the holding company of F&M Bank, a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial
ARCHBOLD, Ohio, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) today reported financial results for the 2024 fourth quarter and twelve months ended December 31, 2024. 2024 Fourth Quarter Financial and Operating Highlights (on a year-over-year basis unless noted): 87 consecutive quarters of profitabilityNet income increased 51.2% to $8.4 million, or $0.61 per basic and diluted share, from $5.5 million, or $0.41 per basic and diluted shareAsset quality remains at historically strong levels with nonperforming loans of only $3.1 million at December 31, 2024, compared to $22.4 million at December 31, 2023Net charge-offs to average loans were 0.00%Allowance f
ARCHBOLD, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (NASDAQ:FMAO) the holding company of F&M Bank, with total assets of $3.39 billion at September 30, 2024, today announced that it has approved the Company's quarterly cash dividend of $0.22125 per share. The fourth-quarter dividend is payable on January 20, 2025, to shareholders of record as of December 27, 2024. About Farmers & Merchants State Bank:Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) is the holding company of F&M Bank, a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other fin
ARCHBOLD, Ohio, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) today reported financial results for the 2024 third quarter and year-to-date ended September 30, 2024. 2024 Third Quarter Financial and Operating Highlights (on a year-over-year basis unless noted): 86 consecutive quarters of profitabilityNet income increased 36.4% to $6.5 million, or $0.48 per basic and diluted share, from $4.8 million, or $0.35 per basic and diluted share, and net income expanded 14.7% from the 2024 second quarterNet interest margin increased 12 basis points to 2.71%Efficiency ratio improved to 67.98%, compared to 73.07% for the same period a year ago, and 69.03% for the 2
ARCHBOLD, Ohio, Sept. 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (NASDAQ:FMAO) the holding company of F&M Bank, with total assets of $3.32 billion at June 30, 2024, today announced that it has approved the Company's quarterly cash dividend of $0.22125 per share. The third-quarter dividend is payable on October 20, 2024, to shareholders of record as of October 4, 2024. The $0.22125 per share cash dividend reflects a $0.00125 per share increase in the quarterly dividend, representing the 30th consecutive annual increase in the Company's regular dividend payment. Lars B. Eller, President and Chief Executive Officer stated, "I am proud that F&M