SequelSEC

FARMERS & MERCHANTS BANCORP INC FMAO

Savings Institution, Federally Chartered · CIK 0000792966 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
Unavailable
Fiscal year ended 2026-09-30
Net income
$11.54M
Fiscal year ended 2026-09-30
Total assets
$3.60B
Fiscal year ended 2026-09-30

Valuation, from the filing

Public float$321.14MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$23.36Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income9.6×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.9×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

9.6× earnings today, against a median of 15.5× across 10 years on record. Below its own history.

Float measuredPublic floatFloat / net income
2025-06-30$321.14M9.6×
2024-06-30$292.60B11280.6×
2023-06-30$306.92B13469.2×
2022-06-30$433.65M13.3×
2021-06-30$244.15M10.4×
2020-06-30$236.38M11.8×
2019-06-30$323.41M17.6×
2018-06-30$373.86M25.0×
2017-06-30$286.49M22.5×
2016-06-30$131.03M11.2×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Savings Institution, Federally Chartered filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Effective tax rate21.7%63th

FARMERS & MERCHANTS BANCORP INC (FMAO) reported net income of $11.54M for the fiscal year ended 2026-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from FARMERS & MERCHANTS BANCORP INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Savings Institution, Federally Chartered.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

FARMERS & MERCHANTS BANCORP INC income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
RevenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$11.54MUnavailableUnavailable$9.79M$8.85MUnavailableUnavailable$8.38M$6.52MUnavailable
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Pretax income$14.21MUnavailableUnavailable$12.83M$11.23MUnavailableUnavailable$10.53M$8.11MUnavailable
Income tax expense$2.68MUnavailableUnavailable$3.04M$2.38MUnavailableUnavailable$2.15M$1.59MUnavailable
Diluted EPS$0.84UnavailableUnavailable$0.71$0.64UnavailableUnavailable$0.61$0.48Unavailable
Selling, general & administrative$1.33MUnavailableUnavailable$1.24M$1.30MUnavailableUnavailable$1.46M$1.13MUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

FARMERS & MERCHANTS BANCORP INC balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash & equivalentsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total assets$3.60BUnavailableUnavailable$3.43B$3.39BUnavailableUnavailable$3.36B$3.39BUnavailable
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$3.21BUnavailableUnavailable$3.06B$3.03BUnavailableUnavailable$3.03B$3.05BUnavailable
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$386.93MUnavailableUnavailable$370.86M$361.78MUnavailableUnavailable$335.21M$335.38MUnavailable
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$86.36MUnavailableUnavailable$86.36M$86.36MUnavailableUnavailable$86.36M$86.36MUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

FARMERS & MERCHANTS BANCORP INC cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Operating cash flow$14.86MUnavailableUnavailable$13.43M$11.20MUnavailableUnavailable$2.61M$18.66MUnavailable
Capital expenditures$285.00KUnavailableUnavailable$187.00K$475.00KUnavailableUnavailable$729.00K$357.00KUnavailable
Investing cash flow-$53.62MUnavailableUnavailable-$62.93M-$15.26MUnavailableUnavailable-$53.62M-$3.69MUnavailable
Financing cash flow$88.18MUnavailableUnavailable$30.19M$32.86MUnavailableUnavailable-$18.15M$37.47MUnavailable
Net change in cash$49.42MUnavailableUnavailable-$19.31M$28.80MUnavailableUnavailable-$69.15M$52.44MUnavailable
Stock-based compensation$300.00KUnavailableUnavailable$317.00K$333.00KUnavailableUnavailable$293.00K$314.00KUnavailable
Common dividends paid$3.13MUnavailableUnavailable$3.09M$3.00MUnavailableUnavailable$3.00M$2.98MUnavailable
Common share repurchases$1.62MUnavailableUnavailable$1.00K$338.00KUnavailableUnavailable$0$331.00KUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

FARMERS & MERCHANTS BANCORP INC derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Free cash flow$14.58MUnavailableUnavailable$13.24M$10.72MUnavailableUnavailable$1.88M$18.31MUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growthUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate18.8%UnavailableUnavailable23.7%21.2%UnavailableUnavailable20.4%19.6%Unavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FMAO in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-27View SEC filing
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-10-31View SEC filing
10-Q · Filed 2025-08-04View SEC filing

Companies in the same industry

AX BCBP BCTF BKU BVFL BYFC CARV CFFN CLST CPBI CZWI EBC

Reconciliation checks needing review

16 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationinconsistent2026-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2026-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2026-03-31

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2026-03-31

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2025-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2025-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2025-03-31

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2025-03-31

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2024-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2024-03-31

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-03-31

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.