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Upturn AI SWOT - About
FMAO 
Farmers & Merchants Bancorp Inc (FMAO)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
08/28/2025: 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 -12.54% | 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 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 363.14M USD | Price to earnings Ratio 12.25 | 1Y Target Price 26.17 |
Price to earnings Ratio 12.25 | 1Y Target Price 26.17 | ||
Volume (30-day avg) 3 | Beta 0.88 | 52 Weeks Range 20.72 - 33.29 | Updated Date 08/29/2025 |
52 Weeks Range 20.72 - 33.29 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 3.32% | Basic EPS (TTM) 2.16 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 27.21% | Operating Margin (TTM) 37.35% |
Management Effectiveness
Return on Assets (TTM) 0.89% | Return on Equity (TTM) 8.78% |
Valuation
Trailing PE 12.25 | Forward PE 15.92 | Enterprise Value 524286304 | Price to Sales(TTM) 3.34 |
Enterprise Value 524286304 | Price to Sales(TTM) 3.34 | ||
Enterprise Value to Revenue 5.49 | Enterprise Value to EBITDA - | Shares Outstanding 13724000 | Shares Floating 12262988 |
Shares Outstanding 13724000 | Shares Floating 12262988 | ||
Percent Insiders 8.71 | Percent Institutions 27.24 |
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 community bank to a multi-branch financial institution serving Northwest Ohio, Northeast Indiana, and Southwest Michigan. The bank focuses on providing personalized banking services to individuals and businesses.
Core Business Areas
- Commercial Banking: Offers a range of loan and deposit products to businesses, including commercial real estate loans, equipment financing, and working capital lines of credit.
- Retail Banking: Provides traditional banking services to individuals, such as checking and savings accounts, mortgages, auto loans, and credit cards.
- Wealth Management: Offers investment management, trust services, and financial planning to individuals and families.
- Insurance: Farmers & Merchants Insurance Group offers various insurance lines, including home, auto, commercial insurance, and life.
Leadership and Structure
The bank is led by a board of directors and an executive management team. Mark D. Klein is the Chairman, President & CEO. The organizational structure is typical of a community bank, with various departments responsible for lending, operations, finance, and compliance.
Top Products and Market Share
Key Offerings
- Commercial Loans: Provide funding to businesses for various purposes. Market share information is difficult to precisely determine but they compete with regional and national banks in their market area. Competitors include larger regional banks like Huntington Bancshares (HBAN) and Fifth Third Bancorp (FITB).
- Residential Mortgages: Offer financing for home purchases. Market share information is difficult to precisely determine but they compete with other local and national mortgage lenders. Competitors include Rocket Mortgage (RKT) and local credit unions.
- Agricultural Loans: Provide credit to farmers. Market share information is difficult to precisely determine but they compete with other farm credit lenders. Competitors include Farm Credit Mid-America and local banks.
- Deposit Accounts: Checking, savings, and money market accounts. Market share information is difficult to precisely determine but they compete with national online banks. Competitors include Ally Bank and Capital One 360.
Market Dynamics
Industry Overview
The banking industry is currently navigating a complex environment with rising interest rates, increased regulatory scrutiny, and growing competition from fintech companies. Community banks face the challenge of maintaining profitability while adapting to technological changes and meeting customer expectations.
Positioning
Farmers & Merchants Bancorp, Inc. positions itself as a relationship-focused community bank that provides personalized service and local expertise. Its competitive advantage lies in its deep understanding of the local market and its ability to build strong relationships with customers.
Total Addressable Market (TAM)
The TAM for community banking services in Northwest Ohio, Northeast Indiana, and Southwest Michigan is estimated to be in the billions of dollars annually. FMAO is well positioned to serve local businesses and consumer banking needs but it also faces strong competition from larger regional banks and fintech firms.
Upturn SWOT Analysis
Strengths
- Strong community relationships
- Experienced management team
- Sound asset quality
- Consistent profitability
- Strong capital base
Weaknesses
- Limited geographic reach
- Smaller scale compared to larger banks
- Dependence on traditional banking services
- Higher operating expenses relative to digital-first banks
Opportunities
- Expansion into new markets
- Adoption of new technologies
- Growth in wealth management services
- Increased demand for agricultural lending
Threats
- Increased competition from larger banks and fintech companies
- Rising interest rates
- Economic downturn
- Regulatory changes
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- HBAN
- FITB
- FFBC
- FRME
Competitive Landscape
Farmers & Merchants Bancorp, Inc. faces intense competition from larger regional banks and fintech companies. Its ability to compete depends on its ability to provide personalized service, maintain strong relationships with customers, and adapt to technological changes.
Major Acquisitions
The State Bank and Trust Company
- Year: 2020
- Acquisition Price (USD millions): 79.3
- Strategic Rationale: Expanded Farmers & Merchants Bancorp Inc's presence in the Northwest Ohio market.
Growth Trajectory and Initiatives
Historical Growth: The bank has grown organically and through strategic acquisitions. Loan growth has been driven by both commercial and retail lending. Deposit growth has been supported by the bank's strong reputation and customer relationships.
Future Projections: Analysts project continued growth in assets, loans, and deposits. Earnings are expected to remain strong, supported by net interest income and fee income. Growth rates may vary based on economic conditions.
Recent Initiatives: Recent strategic initiatives include investments in technology, expansion into new markets, and the development of new products and services.
Summary
Farmers & Merchants Bancorp Inc. is a financially stable community bank with a long history and strong ties to its local markets. Its consistent profitability and solid balance sheet are strengths. Challenges include competition from larger banks and the need to adapt to evolving technology. The bank must continue to invest in technology and expand its services to remain competitive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- MarketWatch
- Yahoo Finance
- SNL Financial
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly. Consult with a qualified financial advisor before making any investment decisions. Market share estimates are approximate and based on available data.
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 488 | Website https://www.fm.bank |
Full time employees 488 | 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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