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Employees: 474
Size Farmers & Merchants Bancorp (FMAO) is a United States Financials company (Regional Banks) with a market value of $500M, the 2700th largest of 3,117 United States companies the cockpit tracks. Shares closed at $36.35 on 6 Nov 2026.
Performance Over six months the shares gained 30.5%, against +9.1% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 6.8% over the last twelve months (peer median +2.7%); the operating margin is 41.0% (peer median 35.8%).
Valuation It trades at 1.29× book value against a peer median of 1.30× (11th cheapest of 21).
Price implies The share price implies a return on equity of about 10.3%; Farmers & Merchants Bancorp delivers 11.3%, so the price asks less than the business earns today.
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $199M | $189M | $178M | $155M | $117M |
| Revenue growth | — | +6% | +15% | +33% | — |
| Net income | $42.2M | $32.9M | $25.4M | $22.5M | $32.2M |
| Free cash flow | $43.0M | $34.6M | $32.1M | $11.3M | $29.8M |
| Capital expenditure | $1.34M | $1.77M | $1.87M | $10.9M | $2.60M |
| Total debt | $218M | $306M | $314M | $335M | $226M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FMAO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.0% | +4.5% | 9th lowest of 21 |
| 6-month return | +30.5% | +9.1% | 2nd highest of 20 |
| Return on equity | 11.3% | 11.2% | 11th highest of 21 |
| Price / book | 1.29× | 1.30× | 11th cheapest of 21 |
| Trailing P/E | 11.8× | 10.7× | 7th most expensive of 20 |
| ROE the price implies | 10.3% | 8.6% | 6th most demanding of 21 |
| ROE delivered | 11.3% | 11.2% | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Farmers & Merchants Bancorp FMAO | United States | $500M | +31% | +7% | 11% | 1.29× | 10.3% | 11.3% |
| Citizens & Northern CZNC | United States | $501M | +29% | +25% | 11% | 1.46× | 8.5% | 11.0% |
| First Bank FRBA | United States | $488M | +30% | +1% | 10% | 1.06× | 7.8% | 9.6% |
| Danske Andelskassers Bank A/S DAB.CO | Denmark | $484M | -8% | -7% | 8% | 1.10× | 4.8% | 7.7% |
| Private Bancorp of America PBAM | United States | $484M | n/a | +4% | 17% | 1.66× | 8.6% | 16.8% |
| Morrow Bank MORROW.ST | Sweden | $518M | +30% | +4% | 11% | 1.57× | 5.7% | 11.4% |
| West Bancorporation WTBA | United States | $520M | +27% | 0% | 15% | 1.92× | 13.1% | 15.5% |
| Home Bancorp HBCP | United States | $480M | -5% | +1% | 10% | 1.06× | 7.7% | 10.2% |
| Northrim BanCorp NRIM | United States | $523M | -5% | +3% | 17% | 1.47× | 12.6% | 16.6% |
| Djurslands Bank A/S DJUR.CO | Denmark | $478M | +27% | +2% | 15% | 1.58× | 5.9% | 14.6% |
| Tochigi Bank 8550.T | Japan | $527M | -17% | +26% | 5% | 0.50× | 5.9% | 5.4% |
| Orange County Bancorp OBT | United States | $530M | +14% | +3% | 17% | 1.71× | 9.6% | 17.2% |
| Bank of Gansu 2139.HK | Hong Kong | $467M | -40% | -4% | 2% | 0.10× | 3.2% | 1.8% |
| Sierra Bancorp BSRR | United States | $537M | +9% | -1% | 14% | 1.48× | 11.4% | 14.0% |
| Bank of Marin Bancorp BMRC | United States | $462M | +9% | -19% | -3% | 1.22× | 10.2% | -2.9% |
| Northpointe Bancshares NPB | United States | $545M | -11% | +14% | 13% | 0.87× | 5.9% | 13.1% |
| ChoiceOne Financial Services COFS | United States | $547M | +17% | +19% | 12% | 1.17× | 8.8% | 11.9% |
| Jana Small Finance Bank JSFB.NS | India | $457M | -13% | +18% | 10% | 0.88× | 15.2% | 10.3% |
| Pioneer Bancorp PBFS | United States | $456M | +26% | +18% | 4% | 1.38× | 8.6% | 4.0% |
| Colony Bankcorp CBAN | United States | $555M | +2% | +21% | 11% | 1.10× | 8.1% | 10.8% |
| Bank7 BSVN | United States | $556M | +33% | -1% | 16% | 2.03× | 14.5% | 16.0% |