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Farmers & Merchants Bancorp, Inc. (FMAO) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Financial Services · Banks - Regional · DATA UPDATED 2026-07-09

Farmers & Merchants Bancorp, Inc. (FMAO) operates in the Banks - Regional industry and is headquartered in Archbold, United States with about 473 employees. Its market capitalization is roughly $412 million. In the fiscal year ended 2025-12-31, FMAO reported $118M in revenue and $33M in net income.

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, Northeast Indiana, and Southeast Michigan.

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FMAO Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-31
Total Revenue$118M$99M$94M$99M
Net Income$33M$26M$23M$32M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FMAO Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-31
Total Revenue$32M$32M$30M$29M$27M
Net Income$10M$10M$9M$8M$7M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FMAO Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($12M)($12M)($11M)($10M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FMAO Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($3M)($3M)($3M)($3M)($3M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FMAO Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$3.4B$3.4B$3.3B$3.0B
Total Liabilities$3.1B$3.0B$3.0B$2.7B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive FMAO viewer.

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