# Farmers & Merchants Bancorp, Inc. (FMAO): Dividend & Fundamentals

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- Sector: Financial Services · Industry: Banks - Regional
- Exchange: NASDAQ · Trading currency: USD

Farmers & Merchants Bancorp, Inc. functions as the holding company for The Farmers & Merchants State Bank, offering a broad spectrum of commercial banking solutions. The bank serves individual customers and small businesses throughout northwest Ohio and northeast Indiana. Its offerings include various deposit accounts such as checking, savings, and time deposits, along with custodial services for Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs). The company's lending products are extensive, covering commercial, agricultural, and residential mortgages. Specifically, i...

## Quote & Key Metrics

As of 2026-10-30:

| Metric | Value |
|---|---|
| Price | $36.42 USD |
| Market Cap | $501.2M |
| P/E (TTM) | 11.71 |
| EPS (TTM) | $3.11 |
| 52-Week Range | $22.91 – $37.60 |
| Dividend Yield (TTM) | 2.58% |

## Dividend

| Metric | Value |
|---|---|
| Yield (TTM) | 2.58% |
| Annual Dividend (TTM) | $0.94 /share |
| Annual Dividend (Forward) | $1.00 /share |
| Frequency | Quarterly |
| Consecutive Growth Streak | 17 years |
| Growth CAGR 1Y / 3Y / 5Y / 10Y | 9.9% / 6.0% / 6.8% / 8.1% |
| Payout Ratio (EPS, TTM) | 29.5% |
| Payout Ratio (FCF, TTM) | — |
| Payout Ratio (EPS, forward dividend) | 32.2% |
| Payout Ratio (FCF, forward dividend) | — |

### Recent Payments

| Ex-Date | Amount | Pay Date |
|---|---|---|
| 2026-10-09 | $0.2500 | 2026-10-20 |
| 2026-07-10 | $0.2300 | 2026-07-20 |
| 2026-04-02 | $0.2300 | 2026-04-20 |
| 2025-12-29 | $0.2300 | 2026-01-20 |
| 2025-10-10 | $0.2275 | 2025-10-20 |
| 2025-07-07 | $0.2213 | 2025-07-20 |
| 2025-04-04 | $0.2213 | 2025-04-20 |
| 2024-12-27 | $0.2213 | 2025-01-20 |
| 2024-10-04 | $0.2213 | 2024-10-20 |
| 2024-07-05 | $0.2200 | 2024-07-20 |
| 2024-03-27 | $0.2200 | 2024-04-20 |
| 2023-12-28 | $0.2200 | 2024-01-20 |

Full history: https://www.dividenddata.com/stocks/fmao/dividend

## Frequently Asked Questions

### What does Farmers & Merchants Bancorp, Inc. do?

Farmers & Merchants Bancorp, Inc. (FMAO) operates in the Banks - Regional industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

### What is FMAO's market cap?

Farmers & Merchants Bancorp, Inc. (FMAO) has a market capitalization of approximately $501.2 million, as of October 30, 2026, based on the most recent share price and shares outstanding.

### Does FMAO pay a dividend?

Yes, Farmers & Merchants Bancorp, Inc. (FMAO) pays a dividend quarterly, with a trailing-twelve-month yield of 2.58%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

### How often does FMAO pay dividends?

Farmers & Merchants Bancorp, Inc. pays dividends quarterly. The forward annual rate is $1.00 per share at the current declared cadence. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is FMAO's payout ratio?

Farmers & Merchants Bancorp, Inc.'s payout ratio is the percentage of earnings (and free cash flow) returned to shareholders as dividends. Current EPS and FCF coverage are shown in the payout cards above, with green / amber / red coloring indicating sustainability.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/stocks/fmao
- Dividend history & safety: https://www.dividenddata.com/stocks/fmao/dividend
- Earnings & EPS: https://www.dividenddata.com/stocks/fmao/earnings
- Financial statements: https://www.dividenddata.com/stocks/fmao/financials/income
- Valuation multiples: https://www.dividenddata.com/stocks/fmao/valuation
- Peer comparison: https://www.dividenddata.com/stocks/fmao/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.