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Upturn AI SWOT - About
FMAO 
Farmers & Merchants Bancorp Inc (FMAO)
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Upturn Advisory Summary
10/29/2025: FMAO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $26.17
1 Year Target Price $26.17
| 0 | Strong Buy |
| 0 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -10.11% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/29/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 315.79M USD | Price to earnings Ratio 9.88 | 1Y Target Price 26.17 |
Price to earnings Ratio 9.88 | 1Y Target Price 26.17 | ||
Volume (30-day avg) 3 | Beta 0.88 | 52 Weeks Range 20.52 - 32.99 | Updated Date 10/29/2025 |
52 Weeks Range 20.52 - 32.99 | Updated Date 10/29/2025 | ||
Dividends yield (FY) 3.73% | Basic EPS (TTM) 2.33 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-10-23 | When - | Estimate 0.5733 | Actual 0.64 |
Profitability
Profit Margin 27.96% | Operating Margin (TTM) 40.98% |
Management Effectiveness
Return on Assets (TTM) 0.94% | Return on Equity (TTM) 9.15% |
Valuation
Trailing PE 9.88 | Forward PE 15.92 | Enterprise Value 451847296 | Price to Sales(TTM) 2.77 |
Enterprise Value 451847296 | Price to Sales(TTM) 2.77 | ||
Enterprise Value to Revenue 5.22 | Enterprise Value to EBITDA - | Shares Outstanding 13724036 | Shares Floating 12317971 |
Shares Outstanding 13724036 | Shares Floating 12317971 | ||
Percent Insiders 8.67 | Percent Institutions 27.22 |
Upturn AI SWOT
Farmers & Merchants Bancorp Inc
Company Overview
History and Background
Farmers & Merchants Bancorp Inc. was founded in 1897 in Archbold, Ohio. It has grown from a small local bank to a regional community bank holding company, expanding its services and footprint through organic growth and acquisitions.
Core Business Areas
- Commercial Banking: Provides a range of lending products and services to businesses, including commercial real estate loans, equipment financing, and lines of credit.
- Retail Banking: Offers deposit accounts, personal loans, mortgages, and other financial services to individual customers.
- Wealth Management: Provides investment management, financial planning, and trust services.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other senior executives. The organizational structure is typical of a community bank holding company, with various departments overseeing lending, operations, finance, and compliance.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Financing for commercial properties. Market share data is difficult to determine precisely at the regional level but is a significant revenue source. Competitors include larger regional and national banks, as well as credit unions.
- Mortgage Loans: Residential mortgage products. Similar to commercial real estate, market share is challenging to pinpoint precisely; regional and national players compete for share. Competitors include Chase, Wells Fargo, and local credit unions.
- Deposit Accounts: Checking, savings, and money market accounts. Drives core revenue and forms the basis of the loan portfolio. Competitors include all local and national banks offering similar products.
Market Dynamics
Industry Overview
The community banking industry is highly competitive, with increasing regulatory burdens and pressure to adopt new technologies. Consolidation is also a prevalent trend.
Positioning
Farmers & Merchants Bancorp Inc. positions itself as a relationship-focused community bank, emphasizing local decision-making and personalized service. Competitive advantages include deep community ties and local expertise.
Total Addressable Market (TAM)
The TAM is the entire banking market in the regions they operate, valued in the billions. FMAO is positioned to capture a portion of that market through its community-focused strategy.
Upturn SWOT Analysis
Strengths
- Strong local presence
- Relationship-based banking model
- Conservative lending practices
- Experienced management team
Weaknesses
- Limited geographic reach
- Smaller scale compared to national banks
- Dependence on traditional banking products
- Higher cost structure
Opportunities
- Expansion into new markets
- Increased adoption of digital banking services
- Acquisitions of smaller banks
- Growing demand for wealth management services
Threats
- Increased competition from larger banks and fintech companies
- Rising interest rates
- Economic downturn
- Increased regulatory scrutiny
Competitors and Market Share
Key Competitors
- First Defiance Financial Corp. (FDEF)
- United Midwest Bancorp, Inc. (UMWB)
- Mercantile Bank Corporation (MBWM)
Competitive Landscape
Farmers & Merchants Bancorp Inc.'s advantages include community ties, but it faces challenges from larger institutions with greater resources and national reach.
Major Acquisitions
State Bank
- Year: 2022
- Acquisition Price (USD millions): 27.5
- Strategic Rationale: Expand market presence in key geographic area and increase customer base.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by organic expansion, strategic acquisitions, and increasing market share.
Future Projections: Analyst estimates project continued growth, driven by market expansion and increasing profitability.
Recent Initiatives: Recent initiatives may include branch expansions, new product launches, and technology investments.
Summary
Farmers & Merchants Bancorp Inc. is a stable community bank with a strong local presence. Its conservative lending practices and relationship-based model contribute to its strength. However, it needs to adapt to increasing competition from larger banks and fintech companies and monitor economic conditions carefully to mitigate risk.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Financial News Outlets
- Industry Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market data and analyst estimates are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Farmers & Merchants Bancorp Inc
Exchange NASDAQ | Headquaters Archbold, OH, United States | ||
IPO Launch date 2004-11-23 | President, CEO & Director Mr. Lars B. Eller | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 473 | Website https://www.fm.bank |
Full time employees 473 | Website https://www.fm.bank | ||
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. The company offers checking, savings, and time deposit accounts; 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 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 lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, bill-pay, on-line statement opportunities, and remote deposit capture or electronic deposit processing. Additionally, the company offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.
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