What one share of Farmers & Merchants Bancorp holds
Farmers & Merchants Bancorp, Inc. (Company) is a bank holding company incorporated under the laws of Ohio in 1985 and elected to become a financial holding company under the Federal Reserve in 2014. Our primary subsidiary, The Farmers & Merchants State Bank (Bank) is a local independent community bank that has been primarily serving Northwest Ohio, Northeast Indiana and Southeast Michigan since 1897.
Farmers & Merchants Bancorp’s numbers from its SEC filings, divided by its shares. Results cover the last 12 months to 2026-06-30; the balance sheet is as of 2026-06-30.
| Sales | $9.61 |
|---|---|
| Profit | $2.91 |
| Capex (buildings and equipment) | $0.11 |
| Free cash flow | $3.06 |
| Dividends | $0.92 |
| Book value | $27.92 |
Per share by fiscal year
| Year | Sales | Profit | Capex | Free cash | Dividends | Book value |
|---|---|---|---|---|---|---|
| 2009 | $3.77 | $0.70 | $0.04 | $0.57 | $0.36 | $9.87 |
| 2011 | $3.77 | $0.91 | $0.10 | $1.52 | $0.38 | $10.13 |
| 2012 | $4.11 | $1.04 | $0.19 | $1.32 | $0.39 | $10.62 |
| 2013 | $4.03 | $0.96 | $0.22 | $1.60 | $0.41 | $10.44 |
| 2014 | $4.31 | $1.04 | $0.31 | $1.76 | $0.42 | $11.01 |
| 2015 | $4.46 | $1.12 | $0.19 | $1.43 | $0.44 | $11.55 |
| 2016 | $4.91 | $1.26 | $0.26 | $1.10 | $0.46 | $12.07 |
| 2017 | $5.11 | $1.38 | $0.21 | $1.72 | $0.50 | $12.89 |
| 2018 | $5.53 | $1.61 | $0.29 | $0.88 | $0.56 | $13.78 |
| 2019 | $5.93 | $1.66 | $0.32 | $1.85 | $0.61 | $18.83 |
| 2020 | $6.92 | $1.80 | $0.29 | $2.18 | $0.66 | $20.37 |
| 2021 | $7.53 | $2.01 | $0.17 | $2.83 | $0.71 | $21.13 |
| 2022 | $7.84 | $2.46 | $0.20 | $2.91 | $0.81 | $20.47 |
| 2023 | $7.21 | $1.67 | $0.81 | $0.83 | $0.85 | $23.17 |
| 2024 | $7.57 | $1.90 | $0.14 | $2.28 | $0.88 | $24.47 |
| 2025 | $8.95 | $2.43 | $0.13 | $2.58 | $0.90 | $26.98 |
Common questions about Farmers & Merchants Bancorp
How much does one share of Farmers & Merchants Bancorp earn?
Over the last 12 months, each share of Farmers & Merchants Bancorp earned $2.91 of profit on $9.61 of sales, keeping about 30¢ of every $1 (profit margin).
Does Farmers & Merchants Bancorp pay a dividend?
Yes. Farmers & Merchants Bancorp paid $0.92 per share in dividends over the last 12 months. That’s about 32¢ of each $1 of profit (payout ratio).
What is Farmers & Merchants Bancorp’s book value per share?
Farmers & Merchants Bancorp’s book value is $27.92 per share: what would be left for each share if it sold everything at the values on its books and paid every debt, as of June 30, 2026.
What is Farmers & Merchants Bancorp’s free cash flow per share?
$3.06 per share over the last 12 months. Free cash flow is the cash left over after spending on buildings and equipment.
How has Farmers & Merchants Bancorp’s profit per share changed over time?
Profit per share went from $0.70 in 2009 to $2.43 in 2025, growing about 8.1% a year (adjusted for stock splits).
Has Farmers & Merchants Bancorp bought back shares?
Farmers & Merchants Bancorp’s share count rose about 43% from 2009 to 2025. That dilution means each share owns a smaller slice of the company.
From its SEC filings. For education only, not investment advice. New to these words? See the StockSlicer glossary.