FARMERS & MERCHANTS BANCORP INC
FMAO · Savings Institution, Federally Chartered · 13.8M shares · +0%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$1M (gross $218K, SBC $1M)
Reference price $29.17 · est. market cap ~$402M — last insider sale, 2026-06-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70Farmers & Merchants Bancorp (OH) — small thrift with strong earnings rebound.
Strengths
- Net income up sharply (93rd pct), ROA (75th)
- Solid free cash flow (79th)
Risks
- ROE 9% only average
- Agricultural/regional concentration
- Rate sensitivity
Notable findings
- Customer concentration~100% of revenue from one customer/distributor — • Loans above 100% are generally the result of sales tax
- Insider sellingInsider selling — 33 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$3M, last 6mo) Form 4 ↗
Key metrics
Return on equity
9.0%
Return on assets
1.0%
Net-income growth
28.4%
Free cash flow
$35M
Tangible book value
$285M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-24 | Briggs Andrew J | Sell | 3.0K | $29.17 |
| 2026-06-23 | Briggs Andrew J | Sell | 3.0K | $28.66 |
| 2026-06-22 | Briggs Andrew J | Sell | 6.0K | $28.72 |
| 2026-06-18 | Briggs Andrew J | Sell | 3.0K | $28.75 |
| 2026-06-17 | Briggs Andrew J | Sell | 3.0K | $28.63 |
| 2026-06-16 | Briggs Andrew J | Sell | 3.0K | $28.39 |
| 2026-06-15 | Briggs Andrew J | Sell | 3.0K | $28.80 |
| 2026-06-12 | Briggs Andrew J | Sell | 3.0K | $28.39 |
| 2026-06-11 | Gerken David R | Sell | 825 | $28.16 |
| 2026-06-11 | Briggs Andrew J | Sell | 3.0K | $28.54 |
| 2026-06-10 | Briggs Andrew J | Sell | 3.0K | $28.70 |
| 2026-06-09 | Briggs Andrew J | Sell | 3.0K | $28.23 |
| 2026-06-08 | Briggs Andrew J | Sell | 3.0K | $27.99 |
| 2026-06-05 | Briggs Andrew J | Sell | 3.0K | $27.81 |
| 2026-06-04 | Latta Marcia Sloan | Grant | 645 | $27.14 |
| 2026-06-04 | Briggs Andrew J | Grant | 465 | $27.14 |
| 2026-06-04 | Planson Steven J | Grant | 645 | $27.14 |
| 2026-06-04 | Vernon David P | Grant | 645 | $27.14 |
| 2026-06-04 | FRANK SIMON R. | Grant | 645 | $27.14 |
| 2026-06-04 | SAUDER KEVIN J | Grant | 645 | $27.14 |
| 2026-06-04 | Johnston Lori Ann | Grant | 645 | $27.14 |
| 2026-06-04 | Frey Kevin G | Grant | 645 | $27.14 |
| 2026-06-04 | Eller Lars B | Grant | 645 | $27.14 |
| 2026-06-04 | Boyce Ian D | Grant | 645 | $27.14 |
| 2026-06-04 | ALOMARI AHMED | Grant | 645 | $27.14 |
| 2026-06-04 | Briggs Andrew J | Sell | 3.0K | $27.36 |
| 2026-06-03 | Briggs Andrew J | Sell | 3.0K | $27.76 |
| 2026-06-02 | Briggs Andrew J | Sell | 3.0K | $27.27 |
| 2026-06-01 | Briggs Andrew J | Sell | 3.0K | $27.64 |
| 2026-05-29 | Briggs Andrew J | Sell | 3.0K | $27.76 |
| 2026-05-28 | Planson Steven J | Gift | 1.3K | $27.70 |
| 2026-05-28 | Briggs Andrew J | Sell | 3.0K | $27.60 |
| 2026-05-28 | Planson Steven J | Gift | 1.3K | $27.70 |
| 2026-05-28 | Planson Steven J | Gift | 1.3K | $27.70 |
| 2026-05-27 | Briggs Andrew J | Sell | 3.0K | $27.78 |
| 2026-05-26 | Briggs Andrew J | Sell | 3.0K | $27.59 |
| 2026-05-22 | Briggs Andrew J | Sell | 3.0K | $27.74 |
| 2026-05-21 | Briggs Andrew J | Sell | 3.0K | $27.37 |
| 2026-05-20 | Briggs Andrew J | Sell | 3.0K | $27.06 |
| 2026-05-19 | Briggs Andrew J | Sell | 3.0K | $27.05 |
| 2026-05-18 | Briggs Andrew J | Sell | 3.0K | $26.44 |
| 2026-05-15 | Briggs Andrew J | Sell | 3.0K | $26.57 |
| 2026-05-14 | Briggs Andrew J | Sell | 3.0K | $26.66 |
| 2026-05-13 | Briggs Andrew J | Sell | 3.0K | $26.77 |
| 2026-05-12 | Briggs Andrew J | Sell | 3.0K | $27.20 |
| 2026-03-23 | Faust Eric D | Sell | 1.1K | $25.16 |
| 2026-03-02 | Faust Eric D | Sell | 275 | $25.92 |
| 2026-03-02 | Eller Lars B | Tax withheld | 1.1K | $25.86 |
| 2026-03-02 | BRITENRIKER BARBARA J | Tax withheld | 221 | $25.86 |
| 2026-03-02 | Faust Eric D | Grant | 2.2K | $25.86 |
| 2026-03-02 | Baker Andrew S | Tax withheld | 90 | $25.86 |
| 2026-03-02 | Baker Andrew S | Grant | 1.7K | $25.86 |
| 2026-03-02 | Singhal Shalini | Grant | 1.6K | $25.86 |
| 2026-03-02 | Gerken David R | Grant | 2.2K | $25.86 |
| 2026-03-02 | BRITENRIKER BARBARA J | Grant | 2.4K | $25.86 |
| 2026-03-02 | Eller Lars B | Grant | 5.4K | $25.86 |
| 2026-02-26 | BRITENRIKER BARBARA J | Gift | 1.5K | — |
| 2025-11-05 | Boyce Ian D | Buy | 404 | $24.66 |
| 2025-10-31 | Boyce Ian D | Buy | 150 | $23.37 |
| 2025-10-30 | Planson Steven J | Buy | 2.3K | $23.42 |
| 2025-08-23 | Gerken David R | Tax withheld | 447 | $26.75 |
| 2025-08-23 | Eller Lars B | Tax withheld | 1.8K | $26.75 |
| 2025-07-29 | ALOMARI AHMED | Grant | 288 | $25.82 |
| 2025-06-05 | Latta Marcia Sloan | Grant | 762 | $22.96 |
| 2025-06-05 | Vernon David P | Grant | 762 | $22.96 |
| 2025-06-05 | FRANK SIMON R. | Grant | 762 | $22.96 |
| 2025-06-05 | SAUDER KEVIN J | Grant | 762 | $22.96 |
| 2025-06-05 | Planson Steven J | Grant | 762 | $22.96 |
| 2025-06-05 | Johnston Lori Ann | Grant | 762 | $22.96 |
| 2025-06-05 | Frey Kevin G | Grant | 762 | $22.96 |
| 2025-06-05 | Briggs Andrew J | Grant | 762 | $22.96 |
| 2025-06-05 | Eller Lars B | Grant | 762 | $22.96 |
| 2025-06-05 | Boyce Ian D | Grant | 762 | $22.96 |
| 2025-06-05 | Hornish Jo Ellen | Grant | 292 | $22.96 |
| 2025-05-29 | Boyce Ian D | Buy | 210 | $24.06 |
| 2025-03-01 | Singhal Shalini | Grant | 1.6K | $25.70 |
| 2025-03-01 | Faust Eric D | Grant | 1.7K | $25.70 |
| 2025-03-01 | Gerken David R | Grant | 2.1K | $25.70 |
| 2025-03-01 | BRITENRIKER BARBARA J | Grant | 2.4K | $25.70 |
| 2025-03-01 | Eller Lars B | Grant | 4.2K | $25.70 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-04-29 | 2026-03-31 | 0001193125-26-190726 ↗ |
| 8-K | 2026-04-22 | 2026-04-22 | 0001193125-26-170660 ↗ |
| 8-K | 2026-04-21 | 2026-04-20 | 0001193125-26-167045 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001193125-26-081475 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001193125-26-048918 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0001193125-26-024773 ↗ |
| 10-Q | 2025-10-31 | 2025-09-30 | 0001193125-25-260124 ↗ |
| 8-K | 2025-10-27 | 2025-10-27 | 0001193125-25-250828 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0001193125-25-175075 ↗ |
| 10-Q | 2025-08-04 | 2025-06-30 | 0000950170-25-101771 ↗ |
| 8-K | 2025-07-28 | 2025-07-28 | 0000950170-25-099234 ↗ |
| 8-K | 2025-06-25 | 2025-06-24 | 0000950170-25-089887 ↗ |