FARMERS & MERCHANTS BANCORP INC(FMAO)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
FMAO Stock Analysis & AI Quality Score
AI stock analysis and institutional research for FARMERS & MERCHANTS BANCORP INC (FMAO), a Financials sector company. FMAO is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), FARMERS & MERCHANTS BANCORP INC reports quarterly revenue of $32.4M, net income of $9.6M, an operating margin of 38.0%. Top institutional holders of FMAO by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, Goelzer Investment Management,, based on the most recent SEC filings. FMAO trades on the Nasdaq exchange and files with the SEC under CIK 792966. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FMAO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FARMERS & MERCHANTS BANCORP INC directly from SEC EDGAR.
Revenue
Q1 2026
$32.4M
Net Income
Q1 2026
$9.6M
Free Cash Flow
Q1 2026
$7.0M
Operating Margin
Q1 2026
38.0%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+28.4% YoYEPS (Diluted)
+27.9% YoYTotal Assets
+2.1% YoYOp. Cash Flow
+13.1% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Net Income | $33.3M +28.4% | $25.9M +13.8% | $22.8M -29.9% | $32.5M +76.7% | $18.4M +23.1% | $14.9M |
| EPS (Diluted) | $2.43 +27.9% | $1.90 +13.8% | $1.67 -32.1% | $2.46 | — | — |
| Total Assets | $3.43B +2.1% | $3.36B +2.5% | $3.28B +8.9% | $3.02B +87.6% | $1.61B +44.0% | $1.12B |
| Operating Cash Flow | $36.7M +13.1% | $32.5M +46.6% | $22.1M -45.5% | $40.7M +69.9% | $23.9M +122.9% | $10.7M |
AI Insight: FMAO Financial Trends
Net income grew 67% from $6M in Q2 2024 to $10M in Q1 2026, while equity expanded steadily to $376M.
• Net income increased from $6M in Q2 2024 to $10M in Q1 2026, showing consistent upward trajectory.
• Equity grew from $323M in Q2 2024 to $376M in Q1 2026, reflecting strengthening balance sheet.
⚠ Operating cash flow remains volatile, ranging from $1M to $19M across quarters with no clear pattern.
AI Insight: FMAO Ratio Trends
FMAO's profitability metrics show strong upward trajectory with ROE climbing from 7.0% in Q2 2024 to 10.2% in Q1 2026.
• ROE improved from 7.0% in Q2 2024 to 10.2% in Q1 2026, representing 320 basis points of expansion.
• ROA increased from 0.7% in Q2 2024 to 1.1% in Q1 2026, showing consistent asset efficiency gains.
• ROIC strengthened from 8.9% in Q2 2024 to 13.1% in Q1 2026, indicating improved capital allocation.
⚠ ROE declined from 10.6% in Q4 2025 to 10.2% in Q1 2026, first sequential drop in two quarters.
⚠ ROIC eased from 13.8% in Q4 2025 to 13.1% in Q1 2026 after strong Q4 performance.
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Available Research
13F Pro tracks comprehensive data for FARMERS & MERCHANTS BANCORP INC including:
Top Institutional Holders of FMAO
BlackRock, Inc.
$23.7M923,327 shVANGUARD CAPITAL MANAGEMENT LLC
$13.7M534,738 shGoelzer Investment Management, Inc.
$8.4M328,604 shGEODE CAPITAL MANAGEMENT, LLC
$7.9M309,207 shMANUFACTURERS LIFE INSURANCE COMPANY, THE
$7.5M290,620 shDIMENSIONAL FUND ADVISORS LP
$5.8M226,917 shSTATE STREET CORP
$5.8M224,338 shRAYMOND JAMES FINANCIAL INC
$3.5M135,347 shMendel Money Management
$3.2M123,078 shGryphon Financial Partners LLC
$2.6M100,185 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $23.7M | 923,327 |
| VANGUARD CAPITAL MANAGEMENT LLC | $13.7M | 534,738 |
| Goelzer Investment Management, Inc. | $8.4M | 328,604 |
| GEODE CAPITAL MANAGEMENT, LLC | $7.9M | 309,207 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $7.5M | 290,620 |
| DIMENSIONAL FUND ADVISORS LP | $5.8M | 226,917 |
| STATE STREET CORP | $5.8M | 224,338 |
| RAYMOND JAMES FINANCIAL INC | $3.5M | 135,347 |
| Mendel Money Management | $3.2M | 123,078 |
| Gryphon Financial Partners LLC | $2.6M | 100,185 |
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Popular Research
Is FMAO a good stock to buy?
13F Pro's AI-powered analysis of FARMERS & MERCHANTS BANCORP INC (FMAO) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FMAO are available on the FMAO stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own FMAO?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FMAO. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FARMERS & MERCHANTS BANCORP INC's investment landscape.