FARMERS & MERCHANTS BANCORP INC
Close on Oct 19, 2026
- Market cap
- $476.56M
- P/E (TTM)
- 12.0
- Dividend yield
- 2.57%
About Farmers & Merchants Bancorp
Savings Institution, Federally Chartered, SIC 6035
Farmers & Merchants Bancorp, Inc. operates as a bank holding company offering commercial, agricultural, residential mortgage, and consumer lending solutions through its primary banking subsidiary. Its services include checking, savings, and certificate of deposit accounts, alongside custodial management for retirement and health savings plans. The company also delivers digital banking platforms, wire and automated clearing house transaction services, remote deposit capture, investment brokerage, and insurance products. These offerings cater to agricultural producers, retail consumers, and commercial enterprises within its operational footprint. The business operates within a single reporting segment.
The organization conducts its banking operations across Northwest Ohio, Northeast Indiana, and Southeast Michigan, including branch facilities and three loan production offices situated in Ohio and Indiana. As of year-end 2025, the institution employed 474 full-time equivalent staff members across its network. Its executive offices and headquarters are located in Archbold, Ohio.
Summary of the business section of Farmers & Merchants Bancorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- FARMERS & MERCHANTS BANCORP INC
- Founded
- 1985
- Headquarters
- Archbold, OH
- Address
- 307-11 N Defiance St 43502
- Phone
- (419) 446-2501
- Employees
- 474, Dec 31, 2025
- Industry
- Savings Institution, Federally Chartered
- Incorporated in
- Ohio
- Fiscal year ends
- December 31
- Auditor
- Plante & Moran, PLLC, Columbus, Ohio
Stock & identifiers
- Ticker
- FMAO
- Exchange
- Nasdaq
- IPO date
- Jan 30, 2006
- Shares outstanding
- 14M, Jul 24, 2026
- Public float
- $321.14M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 2-for-1, Sep 21, 2017; 2-for-1, Sep 20, 2017; 4-for-1, May 15, 2006
- SEC CIK
- 792966
- CUSIP
- 30779N105
- ISIN
- US30779N1054
- EIN
- 34-1469491
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Lars B. Eller | President & CEO, Director | 33,874 |
| Marcia Sloan Latta | Vice Chairman of the Board, Director | 9,152 |
| David R. Gerken | EVP/CLO | 6,509 |
| Eric D. Faust | Chief Risk Officer | 5,538 |
| Andrew S. Baker | SVP/Chief Strategy Officer | 6,187 |
| Barbara J. Britenriker | Exec. Vice President | 33,930 |
| Shalini Singhal | SVP/Chief Information Officer | 8,949 |
| Gregory R. Allen | Director | 433 |
| Ahmed Alomari | Director | 1,109 |
| Lori Ann Johnston | Director | 3,820 |
| Ian D. Boyce | Director | 3,437 |
| Simon R. Frank | Director | 3,651 |
| Steven J. Planson | Director | 41,229 |
| Kevin J. Sauder | Director | 12,755 |
| Andrew J. Briggs | Director | 549,393 |
| Kevin G. Frey | Director | 82,836 |
| David P. Vernon | Director | 50,471 |
| Jo Ellen Hornish | Director | 41,008 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Lars B. Eller | $969.34K | $913.08K | $350.74K | $126 | $146 |
| FY2024 Lars B. Eller | $910.16K | $1.00M | $394.01K | $142 | $137 |
| FY2023 Lars B. Eller | $701.88K | $666.82K | $337.71K | $118 | $116 |
| FY2022 Lars B. Eller | $753.62K | $708.93K | $380.61K | $125 | $120 |
| FY2021 Lars B. Eller | $717.79K | $811.84K | $372.18K | $146 | $143 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“At December 31, 2025, we had 474 full time equivalent employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 1, 2024 | Deregistration | Termination of SEC registration (Form 15) |
| Aug 2, 2024 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jul 25, 2022 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jul 8, 2021 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Oct 9, 2018 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| May 5, 2017 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| May 3, 2017 | Listing | Registration of securities on an exchange (Form 8-A) |
| Feb 26, 2014 | Auditor change | Change in certifying accountant (8-K Item 4.01) |